Are the Defensives coming back to life?

SPX and QQQ at new all-time high territory has not yet been followed by similar movement from Russell 3k, Value Line Average, and DJ Transportation Avg, and this divergence will be important to concentrate on in the weeks ahead.  Technology remains an outperformer after its recent breakout.  Meanwhile some minor evidence of defensive outperformance began on Tuesday, and this also should be watched carefully.  Breadth has ...

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