The plodding nature of the stock market’s ascent is worrisome

The stock market has continued its bullish trend. The latest 
short-term bullish leg began last November. Most of technology 
still lags behind the rest of the market. The only thing worrisome 
about the overall markets' performance is its failure to roar 
higher on increasing volume. Instead it has been plodding, 
making relative small steps. 

It is easy to see what is holding back the market in our Market 
Sector Graphs' Table. It shows retail sinking by a high 2.9% in 
March while transportation roared ahead by 2.6%. The automobile
sector also improved by 2.9%. But the increase in relative strength 
in energy by 2.2% portends higher gasoline expenses in the 
near future. 

Here is the retail sector's relative strength graph:
retail
Here is the transportation sector's relative strength graph:
transportation

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