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  1. A stall but more new highs

    The Nasdaq made it 10 straight positive days on Thursday with a 5-point gain, but it was a rather flat and mixed day for stocks as the Dow lost 29-points, the S&P and small caps were flat, and the Transports lagged with a 1 % decline.

  2. New highs - new leg higher or blow off top?

    The market continues to party like it's 1999 as the Dow gained another 66-points yesterday, and that would have been over 100-points if it hadn't been for IBM's bad earnings report. The other indices are stretching into new high territory, although the market leading Transports faulted on some weak earnings.

  3. Tech leads as stocks close mixed

    It was a bit of a tug-o-war yesterday for the stock market and we saw the reallocation effect again, but a little different than we saw a coup of weeks ago. The Dow lost 55-points on the day and Goldman Sachs' earnings were a big part of that. The S&P 500 ticked up slightly but it was the Nasdaq that led as tech stocks are back en vogue, and Netflix earnings was the catalyst yesterday.

  4. Momentum subsides but bulls still in charge

    Last week's upside momentum continued for about half the day on Monday but it fizzled into the afternoon and we saw everything flatten out by the close. The Dow ended the day down 8-points, the S&P was down a few cents, and the Nasdaq gained 2. The small caps and international stocks saw slight gains while the Transports had a modest loss.

  5. Yellen Rally continued Friday

    The bulls showed up early on Friday and with Janet Yellen's new dovish stance investors got more aggressive with a broad rally rather than a sector by sector rotation as we had been seeing. The Dow gained 85-points on the day and we saw new highs, or close to it, in many of the major indices.

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