×

No big correction coming: Polcari

The U.S. market is going to surge and get into an overbought position before backing off a bit, Kenny Polcari, director of NYSE floor operations at O'Neil Securities, told CNBC on Friday.

That said, "our market is poised to move higher," he told "Closing Bell."

"If anyone's expecting a big correction, I don't think it's coming."

U.S. stocks rallied on Friday after a deal was reached between Greece and its creditors in the euro zone.

The Dow Jones industrial average had its first record close for 2015 and the S&P 500 ended the week at its third record close for the year.

The agreement extends Greece's bailout for four months.

"We've kicked the can down the road. We're going to revisit this," Ben Willis, senior floor broker for Princeton Securities Group, said.

Read More US still the place to be: Delphi's Scott Black

Kevin Caron, market strategist for Stifel Nicolaus, agreed.

"Certainly getting a little bit of breathing room on Greece at least as a near-term catalyst is better than the other outcome but it certainly doesn't solve anything long term," he said.

For "Fast Money" trader Brian Kelly, any trade on the Greece news would be to buy European equities.

"I'm not sure that Monday morning I'd go out and plow everything I have into Europe. I'd probably be a buyer on a pullback," he said.

Disclaimer