The markets remain at highs so far this week with the S&P 500 (SPY  ) touching new highs on Tuesday. The overall bullishness in this market is still impressive and there is very little in the way of fear. For the year the SPY now boasts almost a 14% gain.

The Russell 2000 (IWM  ) has been in focus for its rally recently as well. For the week so far it has been holding at all time highs with little progress but since August the index has impressively returned over 11%. Technical traders note the strength of the trend as the move higher has been consistent in nature. Though the IWM has made this impressive move, technical traders note that it is not extended at this point.

Oil (USO  ) has started with an impressive pop this week. Up over 2.75% on the week, the bulls have moved back into the commodity, causing prices to push above $50 per barrel once again. For the year USO has really been all over the place, but at this point finds itself lower still by 14%.

Emerging Markets (EEM  ) also broke to new highs this week, adding to the years impressive rally. Technical traders note the strength of the uptrend that has been in place since the beginning of the year, in addition to the consistent buying volume month over month. For the year the EEM is higher by 31%.

Giving back some of Septembers gains, the Dollar (UUP  ) has continued to pull back this week .So far the UUP has lost about three quarters of a percent after breaking out of its short term downtrend late in September. Still lower on the year by about 10%, the bulls continue to think that this could be a turning point for the Dollar.

Lastly, the Nasdaq 100 (QQQ  ) moved to new record highs each day this week despite some wild trading in the big tech names. Traders have noted that the buying volume has been light which could signify some exhaustion from the bulls. As of now they remain in complete control.