Rally out of steam for now? Non-participation among stocks on my watchlist compared to the averages, laggards outperforming leaders (see AMD vs XLNX), & a low volume rally has me feeling very uneasy. Thoughts?

Agreed, though I do not feel “very uneasy.” I have discussed this lull in recent Marder Reports, going back about four weeks, including this one. Of course, if you are truly feeling nervous, that is a sign of overexposure. Thank you for the question.