A modest leap has surpassed April 18’s peak at 75.81, but notice how the rally fizzled before buyers could take on a slightly higher high at 76.15 recorded two weeks earlier.  This is the kind of chicken-hearted action that I have described in today’s commentary, and it suggests that the current rally is not destined to become a hall-of-famer.  Even so, we’ll keep an open mind, since an unpaused pop exceeding the April 1 high at 76.61 would indicate the rally is picking up steam, not fading.