Leading Stocks - New Uptrend

With today's strong advance on higher volume, stocks confirmed a new uptrend.  Not all new uptrends are going to be successful but the environment may be more productive for new investments.

Stocks came back from the holiday weekend to post strong gains on higher volume.  The NASDAQ closed up 1.4%; the NYSE & S&P 500 rose 1.1%.  Volume was much higher than Friday's light, pre-holiday level.  The positive action constituted a follow-through on a rally attempt started Wednesday of last week.  Ideally today's percentage gain would have been higher.  Several IBD 50 stocks demonstrated constructive action on the day, another positive development.