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Equity trends show no evidence of wavering -  SPX trends remain positive and prices have pushed through the Presidents’ Day weekend with little to no real evidence of trend failure.  Despite some minor backing and filling in Technology, other sectors have rallied to “pick up the slack” which is thought to be a positive for the gradual broadening out in US EquitiesWhile the uptrend in both US Dollar and US Treasury yields has stalled a bit in recent weeks, there hasn’t been evidence of either turning back lower.  At present, SPX trends likely extend higher into mid-March, and SPX would require a break of last week’s lows (SPX-4946) for me to have even minor concern about additional weakness.

With just a couple days left to February, SPX might log its best February since 2015, with returns thus far through 2/27 at +4.62%.  However, 2015 was a year that January was lower -(~3.0%) and one has to go back to the late '90's (1998) to find an equivalent level of performance when January was also positive.  

Overall, SPX is in a sweet-spot right now, as sectors like Financials, Industrials, Healthcare, and today's outperformer (Consumer Discretionary) have been rallying to joi...

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