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Markets enjoyed a strong day Thursday, as the S&P 500 hit a closing 5 year high. There was a very diverse bunch of stocks that broke out today. And we know the behavior of leaders, and those that breakout are very good indicators of genuine health of the benchmarks. Today MDT took out a 44.89 flat base trigger, FITB a 15.87 cup with handle trigger, and TXT a 26.69 double bottom trigger. LEA is just past its 48.35 cup base trigger in a 10 month cup base, with very attractive weekly volume. SNDK confirmed yesterdays 47.09 flat base trigger with robust trade today. The markets are still trading within their tight trading ranges, and reflected in that are the abundant amount of 3 week tight triggers that could form tomorrow based upon their closes. The IYT is on track to having 10% gains over the last 3 weeks. Stocks in the group that shined today were JBHT KSU. JBHT hit an all time high today, and KSU is on track to record its second inside week since the week ended 1/4 where it gained more than 8%.

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