Today's rally has pushed the percentage of stocks above their 50-day moving averages in the S&P 500 up to 85%. This is the first time it has been at this level since early on in the fourth quarter. The fact that breadth has caught up with the new highs in the overall market is a good thing for the health of the bull market. If it gets up near 90%, however, there won't be much more room for upside in the short term.
Technology, Health Care, Utilities, and Telecom are the only sectors with readings currently above 90%. Consumer Staples has the lowest reading at 71%.