Large caps followed the mid and small caps and broke out to new highs last week.

REITs have been on a tear but are probably due for a pullback. Support is likely at the previous break out point around 48.

It is hard to get too concerned about stocks when corporate bonds are making new highs.

Healthcare providers have gotten a boost as health care reform has become more likely. Will they pull back after passage?

Transportation stocks confirm the move in the broader market. FDX had good earnings last week and rail traffic is picking up.

Volatility is making new lows. A correction and a spike higher in the VIX would be perfectly normal here. I doubt it would amount to anything more than a minor correction.