Drifting up on low volumes in a gentle ongoing short squeeze.
These types of markets typically run into a hard event and crumple. The timing may be problematic for the punters, and so the gentle short squeeze is fed daily.
The equity market commentary on the US financial news networks would make Baghdad Bob blush. I think the wiseguys are getting a little nervous because mom and pop seem to be sitting this one out.
SP 500
NDX
"We must be faithful to the present moment or we will frustrate the plan of God for our lives. We should be grateful and love the vocation to which God calls us. This applies to every vocation because it is a privilege to serve God, even in the least capacity. Worry is a weakness from which few are entirely free. We must be on guard against this most insidious enemy of our peace of soul. Instead let us foster confidence in God, and thank Him for whatever he chooses to send us." Solanus Casey