The market had a decent up session on the major averages today. After being up all day the COMPQ lead the way with a .70% increase while the NYA brought up the rear with a .28% climb. The Nasd averages closed in the upper half of their trading ranges while the New York averages closed in about the middle of theirs. Volume was disappointing as it fell across the board, depriving the market of a needed accumulation day. Leading stocks did better than the overall market again as the leaders index rose .69% on higher and slightly above average volume. The RS line of the index moved into new high ground, while leaders such as TSLA, NUS, and ACT made new all time highs. The index, along with the major averages remain in their recent consolidations with the Nasd averages the strongest, but the best stocks are acting well and the distribution count remains low. The rally is still intact. Jerry
Reply With Quote