Stock Indices Surge On Expanded Breadth

The Stock Indices continued to rally today on expanded market breadth. The expansion of breadth confirmed the move higher today, as discussed in last night’s Briefing. There are important employment numbers out tomorrow morning that can change the perception of value on the part of traders. Use caution at the open. On any additional move higher, breadth should still be confirming and not diverging. Volume continues to fall off, which is very concerning to the strength of the rally.

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