See what’s driving market performance around the world in today’s Morning Lineup. Bespoke’s Morning Lineup is the best way to start your trading day. Read it now by starting a two-week trial to Bespoke Premium.  CLICK HERE to learn more and start your trial.

“Success is like Halley’s Comet, you know. Every now and then it just comes around.” – Ross Perot

Below is a snippet of commentary from today’s Morning Lineup. Start a two-week trial to Bespoke Premium to view the full report.  

While the S&P 500 still sits 2.8% below all-time highs, both the Dow Transports and Philadelphia Semiconductor index — two groups seen as “leading” indicators — hit new all-time highs yesterday.  The charts below show the breakouts to new highs for these two closely-followed areas of the market.

While the Semis and Transports surged and held onto gains yesterday, the same can’t be said for Software.  Below is an incredible two-day intraday chart of the Nasdaq 100 ETF (QQQ) versus the iShares Software ETF (IGV).  While IGV and QQQ tracked each other closely through yesterday’s sharp upside open, software (IGV) collapsed from there and ended up closing down 1% on the day, while QQQ held steady and went out with a gain of nearly 3%.