The market had a solid rally today with the major averages rising about 2% on higher volume across the board. Some good economic news and Greece cancelling it's referendum on the bailout package got the credit. The Nasd recovered it's 200dma . Leading stocks underperformed again with the leaders index rising 1.55% on lower and very light volume. The index is nearing the apex of the current triangle formation and which way it breaks will reveal as lot. The A's-E's/Total turned down today after giving a timely buy signal on 10/6. The market remains news driven and thus could go either way based on the latest headlines. I will be away for a few days and the updates will resume when I return. Jerry
Reply With Quote