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US STOCKS-Market up for 3rd week as late-comers jump in

With some technical measures pointing to signs of an overbought market, some investors have been braced for a pullback. But the market has for weeks defied those expectations.

“We have a pretty long list of warning signals, but a warning signal is not a sell signal,” said John Kosar, director of research at Asbury Research LLC in Chicago.

“Our bias has been positive since the beginning of December despite all these red lights blinking all over the place.”