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Stocks Start 2017 With An Up Week; Goldman, Apple, Antero Climb

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Stocks wrapped a short but sweet first week of the year Friday with the Nasdaq and S&P 500 continuing to new highs and the Dow snugged up neatly below the 20,000 mark.

The Nasdaq posted a 0.6% gain on the stock market today, leaving it ahead about 2.6% for the opening week of the year. The S&P 500 added 0.4%, rallying in three of the past four days for a 1.7% weekly gain.

The Dow industrials rose 0.3%. That put the Dow up more than 1% in its eighth weekly advance over the past nine weeks, and just a whisper away from the 20,000 mark.

The dollar ended the week on a strong note, eyeing 14-year highs, after a good-enough jobs report and solid wage growth for December. Oil ended the week a fraction higher, with West Texas Intermediate at $43.99 a barrel, and gold was up almost 2% to $1,171.90 an ounce.  Platinum was the big winner among commodities, dipping Friday but still ending the week with a 7% gain.

Transportation equipment and medical research equipment stocks, and oil and gas drillers showed strength on Friday. For the week, toymakers, automakers and ore miners posted the top gains among industries.

Gold miners and generic drug makers were Friday's biggest losers. Department stores and hotels took the hardest hits for the week.

The market continued to churn out leadership-grade buy opportunities for CAN SLIM investors.

Antero Midstream (AM) was a winner Friday and for the week. The pipeline and fracking services play popped 5% in heavy trade Friday. That put shares more than 6% above a 31.39 buy point from a flat base.

Goldman Sachs (GS) rose 1.5% Friday, closing just below a 245.67 buy point in a four-weeks-tight pattern.

Apple (AAPL) notched a 1% gain, peeking briefly above a 118.12 buy point in a cup-with-handle base.

Global markets also posted a positive week, with the FTSE 100 in London, Frankfurt's DAX and the CAC 40 in Paris all posting 1% gains. Hong Kong's Hang Seng charged ahead 2.3%, the Shanghai Composite scaled up 1.6% and, in Japan, Tokyo's Nikkei 225 rallied 1.8% for its eighth win in the past nine weeks.

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