Very little to add from what has gone before; rallies continue higher with supporting technicals still positive (no bearish divergences of concern).
The S&P continues a run of small gains that keeps bulls happy without risking a run-away extension which could encourage early profit-taking. The index is under-performing against the Russell 2000 - which is healthy in a cyclical rally.
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The Nasdaq has managed to pull away from its narrow consolidation of mini-bearish candlesticks. Today's gain also helps with an uptick in relative performance against the S&P.
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The breakout in the Russell 2000 is still in its early stage but so far it hasn't threatened to develop into a 'bull trap'. As with other indices, there are no bearish divergences of concern so little reason to suggest this nascent breakout will fail.
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Supporting Indices are also doing well. The Semiconductor Index is well above its breakout point.
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And the Dow Industrials, while still in the early stage of its breakout does have an On-Balance-Volume breakout to help it along.
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Until something changes, bulls are in control.
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