Major averages rose last Friday on lower volume with all major averages closing at new all-time highs. While the VIX continues to trade near all-time lows, the piece we sent out over the weekend should put to rest any fears regarding market corrections that occur when the VIX trades at these levels. So while a material correction could occur, so could a minor one. The market could also just trade sideways for a bit to digest recent gains. In brief: Watch Your Stocks.
Stocks on our Focus List Review emailed to members over the weekend show stocks, in general, continue to act constructively.
The general market is trading higher, continuing its current uptrend for now, as earnings news winds down and no significant economic reports come until Tuesday's CPI report (est 0.3%).
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