Tuesday, February 23, 2010
The major averages ended lower as volume totals exceeded Monday’s levels on the 12th day of the current rally attempt which suggests large institutions are selling stocks. Decliners led advancers by a 27-to-11 ratio on the NYSE and by a 2-to-1 ratio on the Nasdaq exchange. New 52-week highs outnumbered new lows on both exchanges. There were 10 high-ranked companies from the CANSLIM.net Leaders List that made a new 52-week high and appeared on the CANSLIM.net BreakOuts Page, lower than the 24 issues that appeared on the prior session.