Jerry Samet
07-02-2012, 10:48 PM
The market started off weak today after Friday's advance, but regained the losses later in the day. The major averages, except the Dow, all closed up and at the highs of the day. Market internals were strong and the 10 and 21dma's are approaching the 50dma. Leading stocks were strong also and outperformed the overall market. The leaders index rose 1.30% on about unchanged volume and set a new high on both a closing and intraday basis. Both the market and quality stocks are acting well and the rally attempt that has just gotten under way is acting well so far. Jerry