Jerry Samet
03-08-2012, 11:22 PM
The market continued it's rebound today with the major averages rising between 1% and 1.29% on the day. Volume was mixed with a very small increase on the Nasd and a decline on the NYSE. This continues to be a concern as you would like to see strong volume on an advance. Leading stocks outperformed again as the leaders index rose 1.43% on lower and about average volume. Both the index and the RS line made new highs for the move today. Leading stocks have regained all the decline of earlier this week and the major averages are close. Tomorrow's action will be influenced by the employment report before the opening but a solid up day on strong volume would would be very welcome here. Jerry