The markets have started the week mostly bullish with moves that pushes the S&P 500 (SPY  ) to new highs twice already. This week the Federal Reserve will be announcing their interest rate decision and there are no expectations of any change in the current rate. The SPY is sitting just 4% from it's all time highs set back in August of last year.

The Russell 2000 (IWM  ) has gained more attention as the weakest index with it's failure to perform with the other major indices, but also because of it's failure so far at technical resistance. Technical traders continue to note the weakness at the 200 day moving average.

Semiconductors (SMH  ) have continued to push to new highs this week as the sector enjoyed another broad based rally. Over just the last 10 days the sector has rallied off lows to the tune of 9% and currently sits at highs of the year. The sector has less than 5% to go to reach all time highs.

Consumer discretionary (XLY  ) has also been a strong area of the market this week. Though there were many names that have offered support in the sector, a notable name was Ford (F  ) on Tuesday which announced that they would boost production of SUV's by 20% this summer. The sector is just about 5% from all time highs as of Tuesday's close.

Healthcare (XLV  ) has enjoyed a strong start to the week with a move back towards the yearly highs with nearly a 1% move on Tuesday. The last pullback offered a strong, "V-Shaped" bottom reversal which many investors have been chasing ever since. The sector has underperformed this year so far but only has less than 4% to go before hitting all time highs.