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How We View This Market at All-Time Highs

How We View This Market at All-Time Highs

All of the major equity indices closed higher Friday with positive internals on lighter trading volume. More positive technical events were achieved as the S&P 500, DJIA, Nasdaq Composite and Nasdaq 100 made new closing all-time highs. The Dow Jones Transports (see below) also closed above resistance, turning its short-term trend to positive from neutral.