One of the strategies used by many mutual fund managers is to buy the top performing sectors in the 1st two weeks of the year. Most of the mutual fund managers are chasing performance so they will buy what is hot at that point. I will post what sector is hot after 2 weeks. I would not be surprised if we see some type of correction here. S&P is currently at 1420 and 1320 was the previous resistance. The markets have a tendancy to test the previous resistance before going to a new high.