The following chart shows how all the indices are synchronized on making new high while the Russell 2000 is trailing behind.
(click on the chart to enlarge)
The chart for the XLF finally shows the financial is getting into the act and helping to push this market higher.
In addition, the technology sector continues to trend higher.
Although the crude oil prices are coming down, but the energy sector still marching higher.
Finally, the industrial sector is not letting up and continues to head higher.
As the above charts for various sectors are showing continue strength, they are also showing the sectors are getting close to possible resistance level. It is not a matter of ‘if’ the music will stop; it is a matter of ‘when’ the music will stop. Until the music stop, be defensive and manage risk as the market continues to make record high.
