The market had a solid advance yesterday. The major averages opened a bit higher and mostly worked their way up the rest of the day. All the major averages finished in the upper half of their intraday trading ranges. The NASD averages led with the COMPQ and the NDX gaining .63% and .66% respectively. The SPX rallied .40%. Volume was lower across the board. Leading stocks were moderately lower on the day with the leaders index falling .07% on the day. The index closed in about the middle of its trading range on higher but below average volume. The market put in a solid performance yesterday as it continued to build on recent gains. The New York averages made new highs but the NASD averages remain below their highs. The market is acting pretty well overall right now. Most indicators are pointing up while leading stocks are acting pretty well overall. We are in a favorable period for stocks and that should support the market. Earnings season really kicks in next week as several potential market moving stocks are reporting earnings. Right now the rally looks like it is on solid ground. Jerry
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