Stocks Surge Higher

If you’ve been reading this blog over the past few days, you would know that I’ve been expecting a move higher based on the relative strength I was seeing in the small caps and the NASDAQ. Well today we got that move as the entire market surged higher taking the major indices up well over 2% for the day. One particular index that I’ve been watching closely is the Russell2000 (small caps) because of the higher lows this market has been recently making. Today IWM (small cap ETF) came within ticks of making a new high for the year. I think this rally should continue well into the new year but for now lets simply take one day at a time.

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