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Minyanville's T3 Weekly Recap: Market Closes Blockbuster Week

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The market made a double bottom on Monday and never looked back.

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The S&P climbed back above 1,400 on a quiet Friday session, with all major indices finishing higher. The Nasdaq (^IXIC) was the strongest index, finishing 0.6% higher thanks to another round of strong tech earnings, headlined by Amazon (AMZN).

This week was extremely productive for the market, making a double bottom on Monday and never looking back. Another blockbuster earnings report from Apple (AAPL) accelerated the rally, and dovish comments from the Fed added fuel. There was technical damage in stocks during April, but this week's action negates much of the validity of that correction. This continues to be a dip buyers' market.



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DISCLOSURES: Marc Sperling is long VRSN, TUMI, IDIX, SINA, HTGC, SLV, ZNGA.
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