Leaders Index 9-1

The market was down most of the day and finished weak with the major averages closing near the lows of the day. Volume was lower across the board and well below average so there was no distribution day. The leaders were weaker than the over all market with the leaders index declining 1.52% on low volume. Leading stocks are not acting well and the rally looks a little wobbly. The employment report will will set the tone for trading tomorrow, and we will have to wait and see how things develop after the Labor Day holiday. Jerry