WEEKEND NOTES

The historic market continues Historic in that there has not even been a pullback of consequence. The longer this lasts, the bigger the correction will be. Just study history.

But…it seems the market is actually strengthening here. Pay no attention to the Dow here as it is the most extended. You will notice that the Russell may start to lead. After all, look at Boeing (BA) up 17% this month. You think that is too much?

While the DOW finished up 50 on Friday, the broad market was up the equivalent of over 200. Keep that in mind. We will let you know if anything changes.

Along with the small caps possibly taking the lead, starting to see CONSUMER STAPLES show up. (XLP) That’s the food, beverage, household products. Earnings growth not there but who cares?

On top of that:

RETAIL remains strong.

HOUSING may take another leg up as a few names sit tight.

FINANCIALS resting but nothing wrong. Names like MS still going.

The SOX broke out this week. Look for names doing the same.

Watching BIOTECH in here. A few names sitting in bases.

And of course,  a ton of earnings reported in next few weeks.