The market sold off at the opening and again spent most of the day recovering those losses. The major averages closed mixed to slightly higher and closed near the highs of the day. Volume was flat on the NYSE and up a bit on the Nasd. The pattern of opening weak and closing strong continues, which is positive for the rally. Leading stocks again performed well with the leaders index rising 1.04% on very strong volume. It continues to rise above it's 9dma. Both the index and it's RS line made new highs for the move today. The fact that quality stocks continue to break out and act well along with good action in the major averages says that the rally is still in good shape. Jerry
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