I am not jumping into this market now when it appears very overbought and at extremes. At the top last April, T2108 reached 79%. It is now 78%. There were 442 new 52 week highs in my universe of 4,000 stocks on Thursday. At the last top there were 625 new highs. But 79% of Nasdaq 100 stocks have a daily stochastic above 80%, the highest level since last September, at the beginning of a new rally. So is this a top or a new leg up? Check out SKYY, a new ETF focusing on cloud technology.