Jerry Samet
02-26-2015, 11:17 PM
The market had another fairly quiet session today and ended with split results. The strength was in the Nasd with the COMPQ gaining .42% and the NDX higher by .49% on the day. There was also strength in semiconductors with the SOX up by .66% and the RUT advancing by .32%. Both averages set new all time highs. The New York averages lagged with the SPX declining .15%. Volume was higher across the board so there was accumulation on the COMPQ and the SPX avoided distribution because of it’s small loss. Leading stocks had a good session as well. There were new breakouts on the day as several stocks had gap up moves on earnings reports and others that has already broken out moved higher. The number of stocks that are producing good gains is increasing and there has been a fairly steady stream of fresh buyable stocks. The leaders index was flat on the day on higher and above average volume. Several stocks in the index had good moves, but the index was held back by a large 16.16% drop in TASR. Overall the market picture looks pretty solid. The major averages are moving higher and quality growth stocks are acting well. The market should move higher in at least the short term and it appears there is some money to be made. Jerry