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Jerry Samet
05-07-2013, 11:02 PM
The market had another strong day today as the New York averages led the was with gains in excess of one half of one percent while the Nasd averages lagged due to some weakness in tech stocks. All of the major averages closed at their highs of the session and volume was higher across the board. This showed that there was buying by large investors. All the major averages made all time or multi year highs and the Dow closed above 15,000 for the first time. Leading stocks performed about in line with the overall market with the leaders index rising
.49% on much higher and well above average volume. There were volume spikes in a few of the index components including HTZ and SODA. The rally continues and it appears the market wants to go higher. Jerry