Stocks continued their upward advance Monday with investors wondering if the adage "buy high and sell higher" makes the most financial sense, at least into year's end.
On CNBC's "Power Lunch" Gene Peroni of Advisors Asset Management said he thinks for the next six weeks, the path of least resistance should remain to the upside, in part, because the market has reconciled anxieties.
"Ebola fears, and the outcome of the elections are no longer looming over the market," Peroni said. Also third-quarter earnings have been stronger than expected. According to Thomson Reuters data, of 448 companies in the S&P 500 that have reported earnings, 74.6 percent beat expectations,
John Buckingham, the chief investment officer of the four-star Morningstar rated Al Frank Fund, is also positioning for additional gains into year-end.
"Don't forget valuations in the market are reasonable," he said, also on CNBC's Power Lunch. "And given the yield on the 10-year Treasury is still around 2.3 percent, dividend yielders should continue attract new money."
If you're looking to put money to work, Buckingham said he's finding a lot of value in technology stocks. In fact, tech is the largest weighting in his fund, which is returning more than 13 percent in a year.