Jerry Samet
07-19-2012, 10:44 PM
The market had a slightly positive day today as the major averages closed with modest gains of between .24% and .79%. Volume was mixed, higher on the NYSE and lower on the Nasd. Leading stocks outperformed the overall market as the leaders index rose 2.37% on higher and above average volume, although much of this was due to MLNX. The SPX made a higher high today and the leaders index broke strongly above it's 17dma. It looks like the rally is gaining a bit of strength. I will be away for a few days, the updates will resume next week. Jerry