Leaders Index 3-23

The market rallied a bit on Friday after bouncing around unchanged most of the day. Late strength allowed the major averages to close near the highs of the day with gains between .15% and .48%. Volume declined across the board so there was not much conviction in the day's trading. Leading stocks continued to outperform with the leaders index rising .51% on lower and below average volume. Both the index and it's RS line set new highs for the move. The uptrend's in the major averages and leading stocks are intact and even though the market was a little sluggish last week the rally is still on solid ground. I will be away next week, the updated will resume when I return. Jerry