Jerry Samet
06-20-2012, 12:02 AM
The market had a weak FTD while I was away, but has shown some solid action since then. All the major averages had good gains today as they broke above their 50dma's. Volume was higher across the board as there was some conviction in today's action. The FTD was confirmed by a Eureka signal and while the %E's were at the top of the acceptable range it would have to be rated as a confirmation. The weekly Coppock has not signaled yet but is curling and any real strength in the next week or two could turn it up. We have seen a decent number of breakouts and although few are lighting any fires there is some confirmation among quality stocks. The leaders index is kind of worn out and I am working on a new one for this rally. it should be ready in a day or two. Jerry