FYI: Stocks had their best two-day run in over three years today, gaining 4.49% on the S&P 500. It was just the 86th time in the S&P 500's history that it had back-to-back 2%+ up days. (For an analysis of how the market has historically performed following these huge two-day moves, become a Bespoke Premium member today.) In terms of trading range, the broad market moved from firmly below its 50-DMA to almost a standard deviation above it in just two sessions (on firm volume, no less). The run into the close today was extremely impressive, with further gains in futures after the cash market closed. The chart below highlights the move today in the context of the trading range over the last six months.
Regards,
Ted
http://www.bespokeinvest.com/thinkbig/2014/12/18/two-day-crash-up.html?printerFriendly=true
