The market is on one mission, and that is to break through 2011 highs. Today we saw it crawl ever closer as the NASDAQ finished within 1% of 2887.75 (.0972% to be exact).

Interesting today:

• The average daily market changes falls back under 1% (Bespoke) – “At one point in early December 2008, the S&P 500 had averaged a daily change of +/-4.02% over the prior 50 days, which is the highest level ever seen in the index’s history.”
• From StockCharts.com, “According to the Wall Street Journal, ‘Caterpillar’s 20% stock surge this month contributed nearly 34% of the Dow Jones Industrial Average’s 415-point advance.’ As a price weighted ‘average’ the highest priced issues in the Dow carry the most weight. This is also true for the Dow Transports and Dow Utilities.”
• Facebook’s S-1 reveals Zynga (ZNGA) supplies 12% of Facebook’s revenue, shares soar (IBD)

Tomorrow we have the all important jobs report due out which will possibly maybe probably not have an effect on this market. full details.

No recap tomorrow as usual so have a FANTASTIC weekend and I will see you next week!

Tonight’s to the point speed summary comes from IBD, “Better-than-expected economic reports at home and China, along with successful debt auctions in Europe, lifted stocks Tuesday. But they ended off the best levels of the session. The Nasdaq gained 0.6% and the S&P 500 rose 0.4%. They had been up as much as 1.2% and 1.1%, respectively.”

Some noteable earnings due out tomorrow include Charles Schwab (SCHW), eBay (EBAY), F5 Networks (FFIV), Fastenal (FAST), Goldman Sachs (GS), State Street (STT) and Xilinx (XLNX).

Interesting Reads:
- The big mack index (huge graphic)
- Jerry Yang resigns (Bloomberg)
- Law makers proposed $1 Trillion in new spending last year despite the growing deficit (IBD)

Stay frosty out there!