Jerry Samet
12-19-2012, 06:55 PM
The market sold off today after a couple of days of good gains. The major averages fell between .33% on the COMPQ and .76% on the SPX. Volume was lower across the board, as you would like to see in an orderly pull back. Leading stocks held up better than the major averages as the leaders index declined .26% on lower and below average volume. The RS line of the index hit a new high. A pull back after the recent rally is to be expected and so far it looks like the rally is intact. Jerry