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Volume rose on NYSE on some decent NYSE price gains, indicating a bit of accumulation on NYSE. Just a bit, however, as volume was still well below avg. A/D did not match Monday's solid pace (1.6:1 NYSE, flat NASD). NASD +0.16%, SP500 0.40%, SOX 0.77%, SP600 0.39%. Though volume was up on NYSE there was again no swell of accumulation even as SP500, SP600 pushed to new post-2002 highs. NASD struggled, gapping higher but unable to clear the November high and unable to hold all the session gain. Viewing it as another day of new month money coming into the market and going to keep using advances to pare laggards, take some gain, and cautiously accumulating solid leaders as they present good entry points.
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