Throughout the recent rally, OB/OS levels have yet to enter overbought territory.
Psychology data and valuation remain real concerns.
The top-five stocks in the S&P 500 now make up 18% of its market cap, higher than similar peaks in 1999 and 2008.
The banks, smalls caps and transportation stocks finally catch up.
There are a couple of key VIX numbers to watch -- and a way to trade it.
The bulls are in control of the market right now, but its run higher can't last forever, which is why we will look for clues on how to proceed.
Even going up all the time isn't healthy, but at least the small caps finally arrived -- late -- to the show.
Let's check a key difference between the late '90s and now, and why it's hard to get excited over this market.
I have been wary of this market for a while, and now the circumstances that can occur to create a sell-off are starting to pile up.
Hint: It's not the futures comeback and nor was it breadth.