The market continued to consolidate recent gains today as the major averages were little changed on the day. After selling off early the market spent the rest of the day working it's way higher and all the major averages closed near their highs of the day. Volume was mixed, slightly higher on the NYSE and slightly lower on the Nasd. The NYA barely missed a distribution day as it declined .19% on higher volume. Leading stocks were flat on the day as the leaders index climbed .01% on higher and above average volume. The index traded below it's 9dma but rallied to close above it so it continues to show strength even though it has been flat for the last four days. Overall the market is still acting well and the rally is intact for now. I will be away for a few days and the updates will resume next week. Jerry
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