Since our last update, the stock market has broken out of the trading range that it had be locked in since late October and most indexes have, or are close to, making all time highs. As we noted in our last article, a move to new highs would need to feature a meaningful increase in volume and a broader participation in the number of sectors and stocks making new highs. Recently, we have seen a convincing expansion in the number of sectors and individual stocks making new high