Stocks made their first real progress in passing the blockade of resistance they had been dealing with the entire month. As continued speculation and optimism about a resolution to the fiscal cliff has hit the airwaves, stocks have reacted this week with back to back significant gains. Today's 1.15% move in the S&P 500 and 1.46% gain in the NASDAQ finally pushed these major indexes over their early November highs on a closing basis. Note the S&P 500 briefly visited over that level last Wednesday after the Fed announcement but quickly was rejected. Original post: STTG Market Recap Dec 18, 2012