Yesterday, we imagined the chair as the market.

Despite what many believe as impossible odds, the market sat, although somewhat precariously, near the record highs.

The water that streamed down, representing the market’s chance of slipping, instead collected inside a fountain.

The rockledge that offered the chair enough leverage to resist the water’s gravity, turned into flagstone support.

The hat hanging on the back of the chair representing investors, now sits comfortably atop the cushions.Sister Semiconduictors, A.K.A Wonder Woman continues to leap tall buildings in several bounds. Nasdaq 100 continues to consolidate near its new all-time highs.

The Dow nodded and moved briefly above 212 establishing its new all-time high.

The S&P 500 still has not “launched” from 240, but it has certainly snapped.

Yesterday, I wrote that I do not mind sitting in that chair. However, I required a cushion for my bottom.

I then asked, “How thick does the ideal cushion have to be to offer our bottoms more support?”

The two crucial cushion bearers showed up today. We added a few more cushions just for fun.

The Russell 2000 or the small cap companies located and operating throughout the U.S. that personify the Family’s Granddad, showed up today as a considerable cushion.

That critical sector rotation is what the market needs to prove faith beyond what the tech and FANG stocks have already achieved.

As the lining of the cushion, IWM cleared 140.

Despite Comey’s testimony, a disorganized government and lack of follow-through enacting campaign promises as the Congress is about to recess for the summer, IWM mimics confidence in the U.S. economy.

Of course, this rally in the Russell’s could signify the beginning of the 5th Stage of Disbelief. I am sticking to my call for a dramatic top when all is said and undone, rather than a milquetoast one.

Nevertheless, yesterday I wrote that “If the Russell’s are the lining of the cushion, then the Transportation sector is its stuffing.”