Leaders Index 6-30

The market had another rally today with all the major averages up better than 1%. Volume was mixed, about flat on the Nasd and up slightly on the NYSE. All the major averages broke above their 50dma's as well. The leaders also rose, posting a gain about in line with the market on lower and well below average volume. We still have not gotten an FTD so the market is still in correction as volume has been very light for the entire rally attempt. Quarter end window dressing is over and the Greece effect may be near an end, so the next few days market action will be critical. Either the market will continue to rally with some volume coming in or the rally attempt will likely fail and we will head back down to at least the recent lows. Jerry