Bulls are back in control. The S&P 500, Dow Jones Industrials, and NASDAQ 100 each have surged well above their respective round-number millennium resistance levels -- 2,000, 17,000, and 4,000.

The S&P 500 has served up a 7%-plus return through the first six-and-a-half months of the year.

How do stock market benchmarks pop 1% out of the blue? Check your Twitter news feed. Crimea voted to join Russia as everyone anticipated. Industrial production rose more than expected in February.

Stocks continue to consolidate just under their prior high, which is offering formidable resistance.