The broad market stock indexes appeared to struggle last week despite a slight gain for the week (+.50%). Most of the strength early in the week was largely erased by Friday before the long weekend. But, all is not as it seems. Many sectors, countries and asset classes continued marching higher making new highs along the way. 4 of our 9 investment strategy closed last week at a new high for the year representing our continued focus on the leadership groups. The others did so yesterday in conjunction with the +196 point up day in the Dow. As long as we can identify leadership in the markets and investors are willing to stay invested or upgrade, any corrections are likely to be short lived. As a special note, please remember that I am neither bullish nor bearish on the stock market at this point but simply following trends. Risk in stocks is now significantly higher than where it was in March and yet the uptrend continues. I can make clear arguments for taking profits or staying invested while focusing assets on leading groups. For now I choose the later strategy as the opportunities to do so are simply too good to ignore. For the remainder of this update, I’ll review the performance of our strategies making new highs and discuss where I see current strength.