Jerry Samet
11-03-2011, 12:28 AM
The market continued it's game of yo-yo today with the major averages rallying about 1.5% on much lighter and below average volume. The gains were smaller than yesterday's losses and all the major averages remain below their 200dma's. Leading stocks rose less than the overall market with the leaders index rising .33% on very low volume. Market internals were strong and there were both Eureka and Kahuna signals. It is hard to know where the market will go because it is so news driven. If you know what the Europeans are going to do you know where the market is going. Jerry