Market Rally Continues. Stocks Hit New Highs

Posted by Blain Reinkensmeyer on Monday November 6, 2006

What can I say, I am one happy camper today. The S & P 500 has surged ahead over 16 points today, trading above 1,380 once again. The Nasdaq is up almost 40 points to 2,369, and the DOW is up over 120 points to 12,111. All we need now is volume to end the day strong to leave us with a nice accumulation day.

Also, stocks are climbing to new intra-day highs and taking advantage of the green today, with IGT, DIOD, ISE, AAPL, CXW, NVEC, LVC, AKAM, and others (those are all from my close watch list) all either at new intra-day highs or making new intra-day highs as we speak real time. Last piece of my pie comes with CXW which is having its earnings call as we speak. The stock is up just over 5% so far today, and we will see what it does with the expected strong earnings report.

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