Written by: Arthur Daret
3/26/2009 5:41 PM

Since March 11, the eve of the follow-through day, the major indexes have risen about 16%. Traditional defensive plays — food, utilities and diversified firms — are up less than the indexes. That's potentially a good sign because it could potentially mean that investors are now more willing to take on more risk (which is necessary after a large decline). Big gainers since the follow-through day include laggard retail and insurance groups.

The markets internals were solid again and volume was strong. The Nasdaq in-particular saw strong volume and strong stocks. Should the rally continue to unfold, there will be a new set of leadership stocks to choose from.

Have a nice evening!

Arthur Daret

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