It seems that way. Every day they take a different heavily weighted name and ramp it up to skew the indices.
look at the exchange rate for the USD/EUR The Treasury Department sold 20 bln USD in new 2-year notes last Wednesday. Supply exceeded demand for USD. The market indexes drove up in a mad fury to all time highs.
I also think this is liquidity based.. right now im watching crude nosedive and the dow is rallying again. it's always something to support it. I wonder if this isnt a game of musical chairs?
Do not make this public, I like when every day is up and also when there are dips so i can use my profits to add on, since I know prices will rebound. Of course it may go down today, MAYBE, but it will be back tomorrow. Go Market! NDX will prob do new weekly highs tomorrow. GOOOOOOOOOOOOOOOOOO!