Leaders Index 10-26

The market bounced around a bit early and then rallied on news from Europe and ended strong. Volume increases across the board. It was generally a positive day for the market. Leading stocks were mixed with the leaders index dropping .24% on very high volume. This was a distribution day for the index, but much of the blame for the decline rests with AMZN and GMCR. There is news of an agreement on a Greek haircut and expansion of the European rescue facility. If the good news from Europe holds we will likely go higher, if not the market will sell off. Jerry