Monday, April 12, 2010
The major averages ended higher after Greece received an international aid pledge to help it get through its worst financial crisis since WWII. Volume totals on the NYSE and on the Nasdaq exchange were reported mixed; lower on the NYSE and slightly higher on the Nasdaq exchange compared to Friday’s totals. Breadth was positive as advancers led decliners by a 11-to-8 ratio on the NYSE and by a 5-to-4 ratio on the Nasdaq exchange. New 52-week highs trumped new lows on both exchanges yet again. There were 61 high-ranked companies from the CANSLIM.net Leaders List that made a new 52-week high and appeared on the CANSLIM.net BreakOuts Page, higher from the 48 issues that appeared on the prior session. A healthy crop of new leaders making new highs bodes well for any market rally, so the recent expansion in leadership has been a welcome post-holiday improvement.