Small-Caps and Tech Spark the Upside

The EU, Greece, or a bubble in China just would not hold back the market, especially the Small-Caps ($IWM) and Tech ($QQQ).

The Russell ($RUT) and NASDAQ ($QQQ) hit new highs, which is a huge catalyst for the overall market to the upside. This bullish action did not flow into two sectors that have been trending to the upside, Finance ($XLF) and Energy ($XLE).

The Consumer ($XLY) continued to spend and gained around 1.5 percent.  It is always good to have the Consumer Sector leading. The strength in the Home Construction ($ITB) is very encouraging for the economy here in the US. It has gained almost 2 percent, as well as Retail ($XRT) up 1.11 percent.

This is the type of action that will catalyze sideline bulls if it continues this week.

Have a great trading day.