The market had another solid rally day today. The major averages advanced between .62% on the COMPQ and .85% on the NYA. They all closed at or near their highs of the trading session and volume was both higher and above average across the board. This showed good accumulation and buying by institutional investors. Leading stocks did better than the overall market with new breakouts in stocks like LL and ENV. Because we are in a renewed up trend and the leaders index was kind of stuck in a consolidation I created a new index that better reflects the current leadership. The new index was up 2.56% today on slightly lower and below average volume. The index consists of 23 stocks in 19 different industry groups, a good cross section of leading stocks. I have included the contents of the new list along with the chart. The market and leading stocks are acting well, and there are quite a few quality stocks in buyable positions to participate in this rally with. Jerry
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