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Equities have extended gains and remain in a new short-term bullish uptrends as part of intermediate-term uptrends which never wavered during the recent three-week decline.  While more evidence of falling Yields and US Dollar likely beginning in the days/weeks ahead, it’s likely that the recent uptick in Healthcare, Financials and Industrials are constructive factors for this market technically and should help it broaden out.  Moreover, Small and Mid-cap styles have come back to life over the last week and this recovery is also important despite it being in its infancy.  Overall, I expect that SPX has begun its trek back to late March highs at 5264.85 and should exceed this En-route to 5400.

US Equities are starting to look much more appealing again on a broad-based nature given the comeback of several former groups which had been hard hit during the selloff this past March.

For instance:

-Semiconductors, for one, have achieved a recent breakout and look to be the best part of Technology.

-Transportation stocks have erased the breakdown into late April and May has produced a better than average bounce back in the DJ Transportation Average to reclaim the area of the former breakdown.

-Emerg...

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