Leaders Index 11-28

The market sold off early but later had a reversal and closed with a decent gain on the day. The major averages were up about three quarters of one percent and rallied into the close to finish at the highs of the session. Volume was about flat on the Nasd and up slightly on the New York(according to esignal). The Compq closed a bit above it’s 200 dma. Leading stocks were generally higher today although the leaders index showed a small decline on heavy volume due to declines in MLNX and TFN. Today’s action was positive but probably not enough to get really bullish about. I will be in Florida for the next few days so the updated will resume on Monday. Jerry