The market put in another solid session today. The major averages opened higher and worked their way up pretty much the rest of the session. Late buying saw all the major averages finish near their intraday trading highs. The NASD averages led the way with the COMPQ and the NDX gaining 1.39% and 1.32% respectively. The SPX rallied .97%. Volume was mixed, higher on the NASD and lower on the New York. Leading stocks were higher as well with the leaders index gaining 1.31% on the day. The index closed high in its trading range on lower and about average volume. It was a new high for the index. The market acted well today. It opened with moderate gains and rallied almost all day, closing strong. This is encouraging. I am still a little wary of this rally because there was no weekly Coppock, but the other two confirming indicators did signal. The rally is looking pretty good right now and fighting the market causes you to either miss an opportunity or take one between the eyes. Right now the rally is looking good and being invested is the way to go. Jerry
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