Jerry Samet
02-13-2012, 11:22 PM
The market rebounded today after the austerity package passed in Greece, reversing Friday's losses. The major averages rose about three quarters of one percent on average on lower volume across the board. The Nasd is in new high ground for the move and all the major averages are above their 10dma's. Leading stocks continue to do well and outperform the overall market with the leaders index rising 1.27% on lower but still above average volume. Both the index and it's RS line made new highs today and new breakouts such as PCLN continue to occur. The number of leading stocks that are showing good gains also continues to improve. Overall the major averages and leading stocks are acting well and the rally is on track. Jerry