Leaders Index 7-6

The market had an upside bias today with the major averages rising between .10 and .45% on mixed volume. Higher on the Nasd and lower on the NYSE, but still below average across the board. The leaders outperformed again with the leaders index rising 1.02% on lower volume. The 9dma has risen above the 50dma and the 17dma looks to be not far behind. The markets and the leaders continue to rally, but there remains little conviction. We must still wait and see if the market can break above the last May highs or if it will roll over and form a head and shoulders pattern Jerry