Leaders Index 8-29

The market opened strong and was up all day and finished near the highs of the day. Reports of a merger between two Greek banks seems to have started it. I guess they haven't heard that two weak banks do not make one strong bank. The major averages closed up about 3% overall, but volume was very weak. The rally in the last few days is taking on a wedging look that didn't work out to well last time. The leaders outperformed again with the leaders index increasing 3.85% on very low volume. We had another Eureka today, but the lack of volume on the up move of the last week is troubling. Jerry