Trend to the upside

 Trend to the upside

To be clear, the list of Sectors in uptrends kept getting longer throughout the 4th quarter, not shorter. And so now here we are, with all of those sectors still above their 200 day moving averages. But you can also add Technology and Communications to that list as well. Yes I'll say it again, Technology and Communications - some of the worst-performing groups in the world over the last couple of years.

Let me ask you this: Are we seeing more stocks going up? Or is the list of stocks going down getting longer? Are the leading sectors holding in the best rolling over to catch down to the losers? Or are we seeing rotation into the laggards that are catching up to the former leaders?