12pm update - R2K @ 1000, next stop... ?

The Rus'2000 small cap hits 1000 for the first time, the only question is whether 2000 is viable in the ongoing multi-year rally. R2K @ 2K...that IS the question. Meanwhile, the rest of the main market is seeing some moderate strength, even the metals are recovering.


R2K, daily

R2K, weekly

Summary

What to say, other than...'more of the same'.

R2K in the 1100s looks easy by August, the only issue in my view is whether 1200s are possible before some kind of 5, 7..perhaps 10% pull back.

Yet, with QE...even 5% pull back looks damn hard.
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