During the market crash last Fall one asset and one asset only held above the 200 week moving average. That was gold. Despite the impressive rally there is only one sector that has regained the 200 DMA.
With the move last week, the miners have now joined gold & silver as the only other sector holding above the long term average. I'll also point out that the 200 is still moving higher in all three. One can't say that for almost any other sector.
All three remain in a secular bull market. Again, not something one can say for almost any other sector.
One can either fight with the stock market (is this a counter trend rally or a new cyclical bull ?...it's a counter trend rally BTW) or they can follow the money and just jump on board the bull and go along for the ride.