New high surge
As Dean noted earlier, we just saw a surge in stocks hitting 52-week highs, with more than 15% of stocks within the S&P 500 hitting that milestone.
It was fairly broad, thanks to the jump in small-cap stocks. Enough so that an average of more than 12% of securities on both the NYSE and Nasdaq hit a 52-week high. That ends the 3rd-longest streak with fewer than 12% of issues hitting a new high since 1965.

Other times we saw more than 12% of issues at a new high, for the first time in more than 2 years, stocks continued to rally over the medium- to long-term. Momentum is quite a force.

