9:00am (EST)

The market stretched its winning streak to 4-straight weeks with an asterisk as the S&P 500 came up just short of joining the streak.

The bulls continued their push to new highs throughout the week but the bears made a little noise and showed some real signs of waking up.  Near-term support was tested late in the week and Friday’s pre-market action had the makings for a nasty day.

We mentioned the futures market was predicting a possible triple-digit drop on the Dow for the end of the week session and within the first hour of trading, the bears poured it on.  However, like we have witnessed all year, the dip was bought.  (read more…

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