Charting a two-tailed market backdrop
April 22, 2014 at 12:40 PM EDT
The S&P 500 Index and the Dow Jones Industrial Average have rallied within striking distance of all-time highs. Against this backdrop, the ongoing market recovery continues to lack breadth. The small- and mid-caps are lagging behind, and the prevailing technicals don’t support a one-size-fits-all market view.