Jerry Samet
11-01-2012, 11:07 PM
The market was due for a bounce after recent weakness and we got a nice one today. The major averages were all up over one percent on the session and volume increased across the board. They all closed at their highs for the day which shows some conviction in the day's action. Leading stocks were up a bit less than the overall market with the leaders index rising .95% on higher and well above average volume. The quality of the bounce is very important after a sell off and today's was pretty solid. We will have to see if it can continue and produce an FTD in the next few days. Jerry