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The video in this report is only accessible to members

HEADS UP: I'll be making an appearance on CNBC tomorrow (Friday) morning at 6:10 am EST.

Equities have extended gains and have now come within striking distance of late March peaks.   SPX has nearly recaptured all of the period of weakness from late March into April, and likely will test and break out above resistance as US Dollar and US Treasury yields start to weaken. The uptick in Financials, Materials, and Industrials are constructive factors towards helping the market begin to show more broad-based strength.   Additionally, 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 little resistance ahead of late March highs at 5264.85 and eventually can exceed this as the rally grows stronger into June with targets near 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.  Materials, Financials and Industrials have started to “kick into gear” while Healthcare is slowly trying to bottom out.  Utilities has surged to show broad ...

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