The market had a good session yesterday. The major averages opened higher and mostly held the gains the rest of the day. All the major averages finished in about the middle of their intraday trading ranges. The NASD averages were the strongest with the COMPQ and the NDX gaining 1.20% and .99% respectively. The SPX rallied 1.02%. Volume was lower across the board. Leading stocks had a good day as well. The leaders index gained .69% and closed in about the middle of its trading range. The rally continued to build yesterday as prices were nicely higher. The major averages made new highs for the recovery and leading stocks are acting well. The leaders index has been consolidating recent gains in the last four sessions as it has been going sideways. This is constructive as the index is remaining above its short term 9dma. The index has done very well since the follow through as leading stocks are acting very good. The leaders index is up almost 27% since the follow through. Overall the market is acting well and the rally is on solid ground. Jerry
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