Interesting Development

12:10 p.m. ET SP-500 +1.15%, Dow +0.7% (Transports +1.65%), NASDAQ-100 +0.85%, Small Caps +1.75% While the major (cap weighted) averages remain in their lateral trends from mid-December (which have had a few different interpretations from small bases to consolidations), the Equal Weight S&P-500 index (+1.9%) is breaking out and the benchmark index may not be far…