Jerry Samet
02-28-2012, 11:54 PM
The market had another solid day today. The major averages were up slightly most of the day and finished near the intraday highs. All the major averages made new highs for the move and the Nasd and SPX set new 52 week highs. Volume was a bit higher across the board and all the major averages remain above their respective 10dma's. Leading stock treaded water today with the leaders index declining .08% on flat volume. We are down to one distribution day on the Nasd so there is plenty of room until we start to see sell signals. The rally continues to be on solid ground and we should be fully invested. Jerry