So far this week the markets have continued on their impressive rally. Though many technical traders are beginning to wonder how much strength is left due to the lower than average volume, the markets plug along making new high after new high.

The S&P 500 (SPY  ) has made a new record high each day this week, though each day has only been slightly higher. It has been noted over and over that the trading volume over the last few days has been quite lower than the average. Though there are questions about how much more this rally has, the bulls still remain in control and the bears are left to keep guessing where the top may be.

The Nasdaq 100 (QQQ  ) has also made new highs each day this week, but it too has seen lower than average trading volume each day. While the rally is still strong and pushing higher, each day has seen smaller and smaller trading ranges overall. For the year the QQQ is higher by 25%.

In a strong recovery Tuesday the Mexico ETF (EWW  ) shot higher by 2.60%. This seems to mark a solid bottom to the waterfall like drop that has plagued the Mexican market for weeks now. Volume was well above average in this reversal day which should convince the bulls that this is, at the very least, a temporary bottom. For the year the EWW is higher by 20%.

Healthcare stocks (XLV  ) have pushed back towards their highs thanks to news on the future of Obamacare. The XLV moved higher by 1.34%, very nearly hitting new highs on Tuesday. Trading volume has been consistent and, though the trend is not quite as strong as other sector ETF's, the bulls are still clearly in control.

Lastly, we have bonds (TLT  ) which have spent the week so far continuing on thier bounce from last week. The TLT is now higher by 2.3% since hitting a low earlier this month and the push higher has been steady, and consistent.