Great action in the Russell 2000 Small Cap Index. Leading the market higher and looking to challenge the June highs.
Here is a chart of IWM (The iShares Russell 2000 Index Fund ETF). Notice the building bullish volume and increasing relative strength on the breakout.
This, plus strength in technology, is very encouraging for US stocks.
North Coast Investment Research 
The Dollar Rally has ended and the Russell 2000 will be turning lower.
The Russell 2000 has has been up 12% since 7/13/2008 compared to 6% for the Nasdaq, and 4% for the S&P, and Dow as, it is comprised of small US companies highly influenced by the finanical sector which rose on July 14, 2008 as the yen carry traders sold oil and bought the banks.
The EUR/JPY has turned down, and just today the USD/JPY turned down.
Lacking liquidity from investing long via 0.5% interest loans from the Bank of Japan disivenstment will be coming out of all stocks globally.
The yen carry traders will be selling the financial sector to take profit and the Russell 2000 shares will fall rapidly.
Thanks for the input Richard. Are you suggesting a long position in the Yen here?