Utilities has broken back out to new all-time highs

Short-term trends in US Equities remain bullish but could potentially face some consolidation starting mid-next week. Market breadth has slowed a bit after a strong push higher in April, and there has been some evidence of defensive outperformance in recent days. However, price has not given any indication of breaking its uptrend, and until this happens, it remains right to stick with this trend. As mentioned yesterday, ...

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