Jerry Samet
09-19-2012, 11:23 PM
The market was modestly higher today with the major averages climbing between .12% and .16%. Volume was slightly higher across the board so it is good that we finished higher. Leading stocks did a bit better than the overall as the leaders index rose .96% on lower and slightly below average volume and continues to ride it's 9dma. The market showed some distribution in the last few days in individual stocks as the number of A rated stocks has declined and the A's - E's divided by the total went flat today. There are no signs of real trouble for the rally and although the market is consolidating recent gains there doesn't seem to be any real reason for concern yet. Jerry