Jerry Samet
04-11-2012, 11:00 PM
The market rebounded from yesterday's decline, but overall it was a pretty weak bounce. The major averages regained less than half of the previous decline and closed near the lows of the day. The COMPQ finished below it's opening and volume declined across the board. The market is selling off on high volume and bouncing back on low volume, not the sign of a strong market. Leading stocks did a little better than the overall market, with the leaders index climbing 1.45% on lower and below average volume and the two stocks that have been the best leaders(AAPL and PCLN) both declined. Today's action was not encouraging and it looks like lower prices are ahead. Jerry