If the bulls can't do any better with the major indices than with the minors, we could be in for a long, sideways summer. The overall pattern is bullish, but there is a lack of momentum from buyers that is usually present at a breakout.

I believe stocks will eventually break to new highs. But if they do so this year, it will probably not occur until year end.

May is just around the corner and I doubt you need reminding of the oft-repeated ditty, "Sell in May and go away."