Jerry Samet
01-11-2012, 11:28 PM
The market started off a little weak today but rebounded to close little changed on the day. The Nasd averages seem to be outperforming lately. Volume was lower across the board so there wasn't much conviction either way. Leading stocks did a bit better than the overall market as the leaders index rose .25% on very low volume. The index has gained some strength in the last week or so and it's 50dma is close to breaking above it's 200dma, a golden cross. The market doesn't seem to want to sell off recently and although it hasn't been able to rally much there seems to be a bid under the market. Jerry