I hate to get on my soapbox say I told you so, but have you seen the small cap metal and glass container stocks today? The Standard & Poor’s Small Cap Metal & Glass Container Index is up nearly 5% for the day so far. In fact, it’s the second best performing index out of about 300 industry/capitalization indices. It’s worth noting, however, that it’s just the small caps that are doing well in this group today.

I only bring up to reemphasize the point I made yesterday afternoon… these stocks were looking unusually strong, and there had to be a reason. For those who took the hint, you’re already well up in just a few hours.

In other words, the strategy works.

Now I’m not going to be naive enough to think that one day means a lot, because it doesn’t. That’s one heck of a coincidence though.

In light of the success so far, yes, I think I will continue to ferret out these niche industries, and even continue breaking them down into capitalization groups.

Either way, of the company’s I mentioned yesterday, Northern Technologies International (NTIC) and Myers Industries, Inc (MYE) are the major contributors to today’s big gains. Northern is up nearly 7%, while Myers is ahead by nearly 5%. There are a lot of these names that I didn’t mention also producing big numbers today though, so don’t limit your search to just a few ideas I pointed out.

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