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SPX set to make new All time Weekly closing highs on today's surge

With one hour to go, at current levels, SPX stands to make new all-time weekly closing highs, while just 3 ticks under intra-day all-time highs set on 5/20 last year at 2134.72 for SPX cash-  NASDAQ is making an important move, a minor breakout, though still under all-time highs, while both small caps and Transports show very strong gains.  Breadth right now is around 9/1 positive, but nearly 27/1 volume into Advancing vs Declining issues, or 95% Upside volume, making for a VERY LOW capitulatory TRIN reading of .45 on this breakout.   Bonds reversed course early on and turned higher with stocks, which isodd, but still feel that yields likely should be bottoming in the next couple days and rise to join equities, not vice versa-   Materials, Industrials are the biggest gainers, while Financials also up nearly 2% which is a positive, and all 10 sectors right now in Positive territory.  For now today's move is not immediately sellable given the push back to new all-time highs, and sentiment will have to be watched carefully for signs of getting optimistic, but its likely even in the short run that equities can push up a bit more-  Near-term S&P futures targets lie near 2132-3 but with Cash at new highs, there doesn't seem to be much preventing the market from running up to 2250 into August as the patterns remain quite positive for stocks while Sentiment is not yet enthusiastic enough to call a top-  For now, only a short time that both stocks and bonds likely trend together before bonds rollover and make a decent bounce, which should help Financials.  Outperformers today:  AA, FCX, COF, VIAB, GPS, CF while on downside; HUM, SBUX, VRTX, BHI, UA, NE, PNW.  Let me know if you have questions