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Discretionary leads the way on breakout to new weekly highs

Tuesday’s mild gains remain under key resistance, but breadth has definitely started to slow in the last couple weeks.  Following a close just above SPX-4124 on 4/3, the last 10 days have brought about only a 30-point SPX rally, or +0.70%.  While certainly positive, it lacks some of the upward thrust that’s going to be necessary to keep this rally going, given Technology having begun to stall a bit in recent weeks.

In the short run, however, the continu...

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