The market put in another positive session today. The major averages gapped up at the open and held most of the early gains. The Nasd averages were the strongest with the COMPQ and the NDX gaining .56% and .61% respectively. The SPX rallied .37%. The major averages closed in the lower half of their intraday trading ranges, showing there was some selling as prices rose. They did this despite the overall gains because all of the gains for the major averages came at the open and they closed off the highs of the actual trading range. Volume was higher across the board. It was up by 2.07% on the New York and 3.84% on the Nasd. Leading stocks put in a more mixed picture. The leaders index was off by 1.40% on the day. There were a couple of components that had large hits, but this time there were declines in a fair number of other components. It was not just a couple of stocks. This can also be seen in the FFTY, which was down by .12% today. The leaders index closed in the lower half of its trading range and below its 9dma and 17dma. The relative strength line also fell below its 50dma and volume was slightly lower. The overall market acted well today. There was a strong open on encouraging trade comments and the major averages held most of the gains. All the major averages made new all-time highs today on higher volume. This is positive action. The only negative right now is that quality growth stocks are lagging the overall market. Despite this the recent weekly Coppock buy signal and the favorable seasonality should lead to higher prices at least in the near term. Jerry