Stocks have resumed moving higher even as some believe the economic data is not that strong. Keith Bliss of Cuttone thinks the housing data is a mixed bag whose direction won't be determined for another couple of months. Home prices are not moving up as much sequentially, but are still up 12% over last year. Consumer confidence did decline, but it is still near six year highs. Bliss thinks that when the weather warms, housing should recover and if it doesn't that will be a bad sign.

More from Video

Jim Cramer: Will Apple or Amazon Become the World's First Trillion Dollar Stock?

Jim Cramer: Will Apple or Amazon Become the World's First Trillion Dollar Stock?

It's Dumb to Think Legalizing Weed Is Still a Political Issue

It's Dumb to Think Legalizing Weed Is Still a Political Issue

Video: How to Select Mutual Funds in Your 401(k)

Video: How to Select Mutual Funds in Your 401(k)

Racing Legend Mario Andretti Has Great Advice for Retirees

Racing Legend Mario Andretti Has Great Advice for Retirees

Arianna Huffington on Burnout, Tech-Life Balance and Why Amazon's CEO Agrees

Arianna Huffington on Burnout, Tech-Life Balance and Why Amazon's CEO Agrees