The Trump rally continues this week as markets blast off to new highs yet again. The media has focused in on how close the Dow 30 is to hitting 20,000. The Federal Reserve is due to update us on their interest rate decision late Wednesday, and it is widely believed that they will raise rates for only the second time in 10 years.

Starting with the Dow 30 (DIA  ) which has moved over 11% since the beginning of the Trump rally. Breaking again to new highs each day this week, the move has become so extended that many are starting to talk about the need for a pullback. While many have been saying this for a while now, the bulls continue to throw money at the Industrial average to push it close to 20,000 ($200 on the ETF).

The Financial sector (XLF  ) has shown some signs of calming down this week as it has not participated in either day of the market upswing. Many financial names are quite extended here in the short term and have begun small pullbacks which have held back the sector. This is not to take anything away from the amazing strength seen over the last month and a half. The XLF is still holding on to a 21% gain since the elections.

Gold (GLD  ) continues its slow decline, hitting new 6 month lows Tuesday but on average volume. It is apparent that Gold investors are content to wait for the Federal Reserve decision Wednesday.

Bonds (TLT  ) also seem quiet over the last few days. Based on the 10% decline since the elections it would seem that investors have already positioned themselves for a rate hike. Bond market participants will be looking at how the Fed mentions the pace of the rate hikes for further information.

Lastly, the Nasdaq 100 (QQQ  ) was finally able to break out to new highs on Tuesday. After weeks of not participating in the Trump rally, the tech heavy index was able to move to new all time highs.