So far this week the bulls have been confidently in control. The S&P 500 (SPY  ) has started the week quite positive thanks to the bulls putting risk back on after the results of the French elections. The SPY is higher by over 1.5% and technical traders note that it seems to be pushing for the all time highs of $240.32. With earnings going as well as they have been along with political news here in the states, that very well could be the case.

The Nasdaq 100 (QQQ  ) has already hit all time highs again, and finds itself up over 2% for the week so far. Names like Netflix (NFLX  ) have helped tremendously, along with many of the other Nasdaq names that have reported exceptional earnings. Short term traders have been concerned that maybe the Nasdaq has moved too far too fast in the short term and are anxiously awaiting a pullback that they can buy.

The Euro (FXE  ) broke to new yearly highs this week as investors seemed more confident in a victory by Emmanuel Macron. His opponent favors leaving the Euro and is now trailing in the polls. The Euro had been mostly sideways in recent months but with the election looming it is highly likely that there will be move volatility.

Emerging Markets (EEM  ) have seen strength this week as well. Each day so far this week has been quite strong, and Tuesday the popular ETF was able to make new highs as well. The EEM is up over 2% this week as long term investors search for alpha anywhere they can find it. For the year the emerging market ETF is higher by almost 15%.

Finally, Gold (GLD  ) has taken some time off this week. With the focus on the strong markets investors have had no reason to run to the precious metal this week. Although the price of gold has moved back to the 200 day moving average, traders note the slow and steady nature of the pullback as a potential buying area for the long term.