MLR - PMP 6/30/14

Published : June 30 2014 at 8:48 ET

Major averages rose on higher volume that was exaggerated due to Russell rebalancing where index related funds and ETFs adjust their portfolios to keep consistent with the changes. The uptrend appears intact as the number of member's reports that have been sent out over the past few weeks have been appreciable. Note, a number of stocks flashed pocket pivots on Friday due to the exaggerated volume. To determine whether a stock qualified for a pocket pivot on Friday, any exaggeration in volume was adjusted accordingly.

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