BALTIMORE ( Stockpickr) -- It's official -- two of the three major indices have plowed back to positive territory for the year. That's a significant shift considering the fact that the broad market was making new 52-week lows earlier this month. As a result, trading opportunities are increasing dramatically this week.I did say two of the three. The laggard, the staid S&P 500, isn't far off from breaking into the black this year either -- it's a mere 0.27% away from breakeven. What caused this sudden shift in stocks? Well, it wasn't any sort of reconciliation in Europe, or a fix on the domestic economy. Instead, it's had a lot more to do with the breakout above the staunch 1225 resistance level in the S&P 500 late last week. That's a level we've been watching for a while now.
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