Jerry Samet
06-21-2011, 01:42 AM
The market rallied a bit today as the major averages were up about a half a percent. Volume was very light as it didn't even make the 50dma. The leaders were up 1.05% on the day also on lower and below average volume. This is pretty weak action on a bounce as there was little conviction in either the major averages or the leaders. We may well be starting an oversold bounce, but so far it isn't to impressive. Jerry