Today, Granddad Russell 2000 headed “out on the highway, lookin’ for adventure.”

With “heavy metal thunder,” IWM retook the 50 daily moving average and the bullish phase.

With Gramps astride his tricked out motorcycle, he’s calling together his posse.

First up is his wonder woman daughter, Semiconductors.

Next in line, his Prodigal Son Regional Banks who apparently liked the feelin’ he was under.

Transportation also took “the world in a love embrace.”

Meanwhile, Granny Retail and Big Brother Biotechnology failed to fire all their guns at once.

Given today’s action and Granddad’s lead, is the market “Born to Be Wild?”

Last night I wrote about India and its Bollywood dance. Today, IFN followed up by gaining another .40%.

Besides all the technical information I shared with you, part of IFN’s strength relates to U.S. economic enthusiasm.

Once again, we find the market running ahead in anticipation of a Trump economic love place.

Indeed, the best place to measure enthusiasm is with the Russell 2000. After all, if 2000 U.S. based small cap stocks are moving north, so too should the GDP.

The projection for the 4th quarter GDP came out indicating about a 2.2% growth, up from last quarter’s 1.9%.

The Russell 2000 must close out the month tomorrow over 136.80 to confirm the bullish phase and to prove he really has got his motor running.

Transportation and Regional Banks suited up to ride. However, neither were able to get close to their respective 50 day moving averages. Stuck in warning phases, Granddad can only idle his engine so long waiting for them to kick into gear.

Biotechnology, unless it “explodes into space” over 298 tomorrow, could become a drag.

Granny Retail or the quintessential, “I never wanna die,” Matriarch of the Family, may wind up a “true nature’s child” and “climb so high” over her 50 DMA.

The bigger question is, with the Dow and the S&P 500 nowhere near their all-time highs while Nasdaq made a new one, is the Modern Family being taken for a ride?

S&P 500 (SPY) 236.35 is a pivotal point for how the month ends. Above good, below, more suspect.

Russell 2000 (IWM) If confirms a bullish phase better, however, still significant resistance at 140.

Dow (DIA) 206.60 is a pivotal point for how the month ends. Above good, below, more suspect.

Nasdaq (QQQ) Made and closed at a new all-time high.

KRE (Regional Banks) Over 54.65 pivotal support. 56.00 the 50 DMA resistance

SMH (Semiconductors) Wonder Woman cannot give up now. 79.10 first low to hold, 80 must clear.

IYT (Transportation) Ran right into resistance at the 100 DMA. Now must clear 164.65 and show muscles to 167.15 its 50 DMA

IBB (Biotechnology) To be a big brother, this must clear over 296 and hold 286.

XRT (Retail) 42.00 is a good level to hold but really, now it must get over the 50 DMA at 42.80.

GLD (Gold Trust) 120.25 the 200 DMA with 118 pivotal

SLV (Silver) 16.90 support.

GDX (Gold Miners) 22.50 support 23.43 resistance

USO (US Oil Fund) Noise until it closes over 11.00

OIH (Oil Service Holders) 30.20-30.50 key weekly support

TAN (Solar Energy) 17.45-17.50 to clear

TLT (iShares 20+ Year Treasuries) 120.25 to 120.40 area pivotal to hold or could see 117.00

UUP (Dollar Bull) 25.78 support and 26.00 resistance