In the afternoon trading, the Financials continued its bullish sentiment, and the Discretionaries and Technology Stocks followed suit over the Staples and Health Care Stocks.
Between 1330 and 1405 ET, the market just refused to correct to the down side. When it did correct going into the Energy Market Close, it did not correct very far. The 78-Period Pivot line acted as support all afternoon. The market then finished pretty much where it finished last Thursday.
Charles
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