"The broad market is moving up, but secondary stocks continue to trail because institutions are tending to avoid them."

"The takeover activity seems to have spread more to some of the secondary stocks."

"When the bear market ends, you will get secondary stocks being the leaders of the next cycle."

But the Nasdaq composite index of secondary stocks rose 2.60 points, to 771.08.

The secondary stocks have held up a lot better than the Dow.

Pivotal measures of secondary stocks also showed little movement.

Over all, the blue chips were outperformed by the secondary stocks.

He called the January rally "very unimpressive," with little movement by secondary stocks.

"A lot of secondary stocks are beginning to move in the over-the-counter market," one trader said.

Wall Street's rally kept rolling as secondary stocks and oil issues provided much of the excitement.