The T6 bullish model is showing improved vesting potemtial based on a now upslope equity line (blue) and the P6 (red).
Keep in mind that the top chart with the grey background reflects the action of an all in (top 6 sort), while the lower black background chart reflects a top 2 sort.
XLU continues to be the laggard of the bunch while IWM and XLF are leading the pack.
If Apple had more positive momentum we might expect QQQ to move to the head of the momentum rankings, which would then create the ideal scenario for another leg up in the SPY which is typically characterized by QQQ and XLF in the top rankings.
Meanwhile, a favorable jobs report on Friday (+195,000) provided a catalyst for a solid run up (on the usual low volume post-holiday).