Small caps, mid-caps, Financials, Telecom, and Consumer Discretionary were among the market segments that hit new highs this week, even as bearish sentiment and short interest have risen, and there is still plenty of idle cash on the sidelines looking for a home.

With European markets closed for Easter on Monday and Asia soured by poor economic reports from both China and Japan, it was up to the domestic ISM report and the Construction Spending reports to give the market a boost.