Stock market outlook: The rally is broadening and has more room to run

closed higher for the fifth consecutive week, and that was accompanied by a confirmed breakout in the NYSE Cumulative Advance-Decline line.

The advance-decline line is a technical indicator that helps measure the number of individual stocks that are participating in a market trend. The recent breakout suggests breadth, or participation among individual stocks, is starting to pick up.was that the year-to-date rally was being driven solely by just a handful of mega-cap tech stocks.

Evidence of the increased stock market participation could be seen in industrials, she highlighted, with an ETF tied to the sector recently breaking out of a multimonth trading range.

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