The market hit an all time high today and continues after hours. Amazing move no doubt. Our scanners were are on fire today as we were preparing the Launch list for tomorrow. There was nice above average volume yesterday in the overall market but that sputtered a little bit down today.
Worth noting is that the small cap index, the IWM has staged three consecutive days with slightly above average volume and is thrusting upwards. If you have noticed that several of the small cap stocks have been making large moves over the last few days that is reason. Traders are starting to come in again into the market, and there is typical a peak in the small cap trading frenzy as November and December approaches.
Tomorrow's launch list has a mix of large cap and small cap stocks which makes it interesting.