The markets just keep on trucking higher. Today was certainly a little more muted, but there is no sign of the correction so many expect. Perhaps that consensus is the sure sign that the bull run will continue. SPX gained $1 to close at $1520 while RUT tacked on $3 to close at $921. RUT's chart continues to outpace SPX, which in and of itself is a bullish sign. However, trading volume is still weak with 2.4 billion shares of the S&P 500 stocks trading. Trading on the NYSE was flat today and volume was up 3% on NASDAQ.

SPX hit its highs in the first couple of hours of trading this morning, but then pulled back and traded more weakly the rest of the day. As SPX hit its low for the day about one hour before the market closed, the bulls rallied and pushed the market back into positive territory. SPX traded as low as $1516 and as high as $1525 before closing at $1520. Today's candlestick was the classic doji, which often communicates a balance between the bulls and bears, or a measure of indecision. But shorting this market has been a mistake for a long time, so I will want to see some confirmation before suggesting this doji is signaling a market top.

Retail sales were up 0.1% in January, which wasn't anything to write home about, but was in line with analyst expectations.

I offer a warning for any Neanderthals in the audience - tomorrow is Valentine's Day. Enjoy!