After bouncing between positive and negative territory today the markets rallied into the close on news that the Italian PM was resigning. Volume increased across the board but was still well below average so there was not a lot of conviction. Stocks continue to have an upward bias and most of the major averages are one back above their 200dma's. Leading stocks are under performing the overall market and the leaders index has been flat lining, as shown by it's RS line. Until the market shows some signs of topping out the bias will remain on the upside. Jerry
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