Monday, July 11, 2005

Market Wrap

Another great day in the market. The Nazz led the way, with another 1%+ gain on increasing volume (read: accumulation). I am glad that I added a bunch of 'beta' to my portfolio last Friday.

Breadth was also very good. And the number of new highs is surging. There were more than 500 new highs on the NYSE, and 266 on the Nazz. That means the rally is broadening out, leadership is expanding, and more stocks are participating.

This week is another expiration week, so we could see a day that tries to knock investors off of the bull, but I am going to hang on and try to ride this one a little longer than 8 seconds.


Post a Comment

<< Home