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June 9th 2014 – Charts and Perspective – $IWM $AMZN $QQQ $TLT $VXX $X

Stocks closed at a fresh record high today on another melt higher.  In April  small caps were the excuse for a big market correction... a correction, much to the chagrin of the bears, that never came for the broader indexes.   I covered it near the lows in April


Today small caps led the way, showing risk appetite is back... but for how long?  The trend remains up and each and every top caller since 2009 has been wrong.  Calling the top in this market right here, right now, would be setting yourself up for failure.  Then again those calling for a top in the market each and every week... at some point are bound to get it right.  

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