The markets have shown some strength so far this week as investors get more and more comfortable with the actions of the new President Trump. The S&P 500 (SPY  ) made a move Tuesday to try and break to new highs but fell just short of that goal. The move, however was seen by traders as the first step in the right direction and many are still quite bullish.

The Nasdaq 100 continues to beat the others in performance. Tuesday the Nasdaq 100 (QQQ  ) was able to break to new all time highs yet again with very little sign of resistance. Tech stocks have mostly participated with the broad index which is up just over 3.5% for the year so far.

The Russell 2000 (IWM  ) had a strong 1.53% gain on Tuesday but still remains in a short term downtrend. The move on Tuesday goes a long way to scaring out any shorts which likely have started to cover their short term positions. Unlike the other markets though, the Russell 2000 still remains off its all time highs. The IWM needs another 2% to get over those highs.

Retail (XRT  ) has taken a break from selling so far this week as it is up over 1%. Last week there were many names in the sector that were hit hard and, as of now the sector seems to be recovering slightly. The XRT still remains in a downtrend, but for now the selling has paused.

Oil service stocks (XOP  ) also have had a nice start to the week. The XOP is up over 1.5%. Most are still bullish on the sector as oil continues to try and push out of its recent range. The XOP has pulled back slightly over the last few weeks but traders note that it has been calm and steady with no sign of panic at the moment.