The Dow is up nearly 22 percent since mid-November. Many think the market's overdue for a pullback, but historical correlations indicate that it may not be.
Despite gold prices bouncing off their April lows, investors continue to pull money out of gold and plow it into equity funds as the stock market keeps climbing to new highs.
The Dow is up 20 percent since the recent low on Nov. 15, but 12 stocks that have been kicked out of the index over the years are up an average of 30 percent.
More than 86 percent of the S&P 500 stocks are trading above their 50-day moving average. Some of those companies, however, have significantly broken out from their trading range.
The S&P 500 is up 19.3 percent since mid-November, breaching 1,600 for the first time. Since the low last November, these five S&P sectors are already in bull market territory.