This morning, the S&P 500 Index e-mini futures (ES-H3) are trading higher by 6.50 points to $1543.75 per contract. It seems that investors are continuing to buy the markets after yesterday's rally. Many traders and investors are now wondering how high this market can climb in 2013. The euphoria is starting to run wild as investors simply want to hear that the easy money policies by the central banks are here to stay. As long as the printing presses are running so are the stock markets.
Last night, all of the leading Asian stock markets traded sharply higher. The big winner last night was the Nikkei 225 Index (Japan) which finished higher by 2.13 percent. Traders should watch for strength in the Japanese ADR's if the U.S. markets continue to rally. Some leading Japanese equities include Toyota Motor Corporation (ADR) (TM), Honda Motor Co Ltd (ADR) (HMC), Canon Inc. (ADR) (CAJ), and the iShares MSCI Japan Index (ETF) (EWJ).
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New Highs Made, What Is Next?
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