Jerry Samet
02-21-2012, 11:06 PM
The market bounced around unchanged most of the day and finished little changed but in the lower half of the daily trading range. Volume was down slightly across the board. Leading stocks generally outperformed the overall market with the leaders index rising .41% on slightly higher volume. It held the 9dma again and seems to be consolidating it's recent gains. The major averages are looking a bit tired but are holding above their 10dma's so there has been no damage yet. So far it looks like we are just digesting the rally of the last couple of weeks and we will have to see if the market breaks short term support or goes side ways for a while. Jerry