The market put in a mixed session today with the Nasd averages and the small caps leading the way. The Nasd averages finished high in their trading ranges while the New York averages finished in the middle to lower end of their intraday trading ranges. The COMPQ and the NDX gained .51% and .22% respectively. The SPX fell .21%. The small caps were again strongest with the RUT higher by .99%. Volume was also mixed. It was lower by 12.79% on the New York and higher by 12.89% on the Nasd. The lower volume on the New York prevented a new distribution day on the New York averages. Leading stocks were mixed as well with the leaders index flat with a decline of only .02%. The index closed in the upper half of its trading range and generally continued its recent advance on its chart. The market took a break today, but the action was overall not to bad. The COMPQ made a new high on higher volume, this is good. The SPX declined but on lower volume, showing not a lot of selling pressure in those stocks. Small caps continued to lead the market higher with solid gains. The market continued to act in an overall favorable manor and should go higher into at least yearend. Jerry
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