The market opened lower and spent the rest of the day rallying. Late in the day there was an announcement that France and Germany agreed on a deal to expand the European rescue fund and that market rallied and closed near the highs of the day. Volume was up across the board so there was accumulation today. Leading stocks continued to underperform with the leaders index declining .57% on the day. Much of this was due to HITK and JAZZ, but none of the stocks had real gains. Volume was above average and up on the day so there was more distribution on this index. The markets continue to react to news out of Europe, although AAPL's miss today will affect the markets, at least early on. Jerry
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