Jerry Samet
11-15-2012, 11:19 PM
The market had another pretty negative day today. After a slightly down opening the major averages spent most of the session in lower ground. After a couple of pretty feeble rally attempts they ended down a bit and in the lower half of their trading ranges. Volume was lower across the board but still above average on both exchanges. All the major averages made new lows for the move so the rally count remains at zero. Leading stocks took a bigger hit than the overall market with the leaders index declining 1.37% on higher and above average volume. The market can’t get anything going on the up side and although we are due for a bounce it would appear that lower prices are ahead. I will be going away this weekend and will be gone for Thanksgiving week. The up dates will resume after the holiday. I hope everyone has a good turkey day. Jerry