Jerry Samet
08-14-2012, 10:01 AM
This report is late due to a much later return last night. The market sold off yesterday on a decline in Europe, but a late rally erased all or most of those losses. The COMPQ finished slightly higher while losses were mostly erased in the New York averages. Leading stocks did a bit worse than the overall market as the leaders index declined .51% on higher but still well below average volume. The market doesn't seem to want to correct even when we get a fairly decent early sell off. This is usually the sign of a market that wants to go higher. Jerry