The forces are strong in this market, and growing stronger by the day. Margin debt is at all-time highs, flows into equity mutual funds & ETFs continue to be robust, retail investor participation in the stock markets is steadily growing (as measured by flows into leveraged bullish ETFs, and almost insatiable retail investor thirst for shares of AAPL, FB, LNKD, etc.).

However, perhaps most importantly stocks are making fresh all-time highs on virtually a daily basis:

In fact, not since the halcyon days of the 1999 dot-com bubble have stocks (S&P 500) posted so many all-time highs in such a short period of time. Pulling out the S&P monthly chart we can quickly surmise that the current rally is an especially powerful one, potentially even more powerful than the one which sent young internet stocks to stratospheric valuations in March of 2000:

As impressive as the charts of the S&P 500 are, they pale in comparison to the breathtaking ascent of the Russell 2000 Small Cap Index:

…..view 4 more charts and commentary HERE