Stocks continue to head higher as we close out the trading week with the Dow, Nasdaq and S&P 500 all flirting with 52 week highs. To add fuel to the fire after the bell Oracle Corp. (NasdaqGS: ORCL) reported their earnings with total revenues up 47% and a whopping $1.87 billion in profits. This should bode well for the Nasdaq tomorrow and keep the rally in techs going. Not only are the large caps performing well this year, but the small cap marketplace is actually outperforming their brethren. The Russell 2000 Index a small cap barometer is up over 20% year to date in yet another sign of optimism in the overall markets.
If you have been long this market congratulations for you have been on the right side of the trade for sometime now. Let’s see how this year wraps up and see if this powerful rally continues through the holidays.
Have a great weekend,