Today the SP 400 Mid Cap Index closed at new highs for this rally signaling that a breakout in the overall market is likely at hand. This index holds the market changing stocks of the US economy and any move higher is a likely indication of what the SP500 and DOW will do in the weeks and months to come. The Russell 2000 is making a move towards its highs as well closing at 618 within range of its highs just 1% higher around 625. The risk trade is apparently back on after being off for the last 2 months.
SP 400 Mid Cap Index
Russell 2000 Index