Major averages finished Friday at all-time highs closing at the top end of their trading ranges on mixed volume. It was surprising to see the market immediately recover on Friday after minor weakness earlier in the trading day which suggested the start of a minor correction. Such would come as no surprise as a way of digesting recent, sharp gains.
Our Focus List remains ample and relatively strong suggesting the market wants to continue in its current uptrend.
Futures are higher on advancing global markets and a stronger dollar as expectations of a recovering economy and rising rates continue.
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