Interesting session Tuesday as both the NASDAQ and S&P 500 made runs at early November highs but were rejected intraday, thus failing to create a new higher high - reversing the intermediate term pattern of lower new highs. However, the smaller cap oriented Russell 2000 did clear the highs from early November. Reasons cited for today's move was a much better than expected business confidence report out of Germany, more quantitative easing from the Fed to be delivered tomorrow as well as progress on the fiscal cliff.
