Still powering up. Only XIV giving some warning, yet this was countered by VIX FebP rejection to stay under all pivots.

This is not just a Trump rally. This is a stock market rally as money gets reallocated out of bonds. If you disagree, tell me how Trump tax cuts help Brazil (EWZ +2.1% today) India (INDA +1.6%), emerging markets (EEM +1.1%), or China (+.9%)?

QQQ reached 1HR2, which is just an incredible move after being about sideways from 8/2016 to 12/2016. Maybe this is the real issue - NDX and QQQ have blasted above 2000 highs.

SPY and QQQ below.