Earnings and economic reports are not as dire as it was thought a few weeks back. Though the growth is modest, the reports have not been gloomy. And the euphoria coming from a Euro solution is driving "risk on" trade in Equities and selling in Safe haven securities like Treasuries. US dollar is on the decline and it may be testing support at 200 dma at 76.5.
Last week's (week over week) market Sectors Returns and Internals: