Russell 2000 Makes 2 Year High

Russell 2000It was the last of the major indices  to make a new 2 year highs the past few trading days.  . .today it did.  

And with this the market again proves just about everyone wrong as many called for the mid and large cap and technology stocks' lagging being a bearish signal.  

Truth be told, it might still be that we drop lower from here, but 'traditional' analysis failed once more . . . as it has so many times the past two years.

Meanwhile bonds continue to sell off with the 30 year treasury bond future approaching meaningful support at 117. . . until it fails.

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