While the Dow Industrials and S&P 500 are yet to take out their 52 week high's the small cap Russell 2000 has scaled above its 52 week high and is holding well above it. This shows that the risk appetite of investors is still alive and kicking. In yesterday's session, the Nasdaq composite too notched a close above its January peak.
Another Index Dow transports, often considered a very good measure of the US economy, is just short of its 52 week high. A new high here will be a shot in the arm for the Bulls.