Chart analyses suggest clear directional movement in the S&P 500, energy and gold, Chris Verrone of Strategas said Monday.
"I think one of the most compelling features of this rally is still how broad-based it is at this point, and we've seen that with the new 52-week-high data, which remains been robust. We've seen that with all the advance/decline lines," he said. "Another way we like to look at it is what the equally weighted S&P 500 chart is doing."
On CNBC's "Fast Money," Verrone pointed to charts that showed new highs.
"That's reflective of small caps. That's reflective of mid caps," he said. "That's reflective of a broad-based rally, which we think takes this index to about 1,730, 1,750."
Verrone also noted upward action in few energy stocks.
Halliburton, he said, was a "buy" in the $43-44 range.
"We'd like to see a weekly close above $46," he added. "We think that can take you to $50, $52.