The markets are off to another good start this week as the S&P 500 (SPY  ) has already hit new record highs twice. The SPY has been continuing on its quest to highs after breaking out last week and is already higher by 0.66% on the week. The trend remains intact and there is currently no sign of any weakness.

The Dow 30 (DIA  ) is really one of the standout indices so far as it has been the best gainer on the week. Setting new all time records this week the DIA is now higher by over 1% with consistent trading volume. Technical traders note that each day has closed at the highs of the session which further clarifies the strength.

Emerging markets (EEM  ) also is off to a great start this week, boasting gains of over 1.5%. The short pullback that finished last week seemed to be all the buyers were looking for to buy in again. For the year this is one of the stronger ETF's with gains of 30%.

Gold Mining stocks (GDX  ) also seem to be waking up after spending a few weeks in a steady downtrend. Technical traders were looking for the 200 day moving average as their buy point and that is exactly where the GDX seems to be finding support. It should be noted that the GDX is still technically in a downtrend, short term, but a move over $23.50 should convince the bulls that they are in the clear.

Lastly, Homebuilders (XHB  ) have been killing it since last week. The XHB has been in a straight line higher, and this week finds itself making new highs yet again. For the last 9 trading sessions the XHB is higher by over 5% in one, swift move. There is currently no sign of sellers at these highs.