I haven't been posting shots of the Zweigs lately because they simply have been boring.  Sitting in the neutral area they have not moved to overbought or oversold.  The lack of Advance/Decline patterns (which mimicked the price action) made for a very difficult call on the direction of the breakout.

We still have not made it to overbought on the NYSE but check out  the lighter indices:

Each one of them has managed to breakout to the overbought area.  While they can chomp around up here for a couple of days, it does tend to indicate that the top is very near here until a correction and then another thrust.

The RUT new highs are almost up to the highs set in October.  They are coming in strong.  We are now in 5 day cycle where we have to set consecutively higher new highs in order to maintain the momentum.  The 375 set today means we would like around 180 at the open.  That most likely would need another gap up opening and then a follow through on the half day.  The gap will be the clue.

.. all three indicators built strength today.   The DOW which I do not track was the lacked and the RUT was the leader.  It looks like one more day or at least one more attempt at a high or a high is in store.  I would expect the NYSE number to reach into the 40's before a correction will start. 

.. There is most likely still a little upside left from what has turned out to be a terrific year end thrust.  The indicators are starting to get to extremes and we are at a point where shorts most likely are going to be safe but waiting and patience is the name of the game here, waiting for the market to show its weakness.  Right now it isn't showing much weakness.