This is a strange market lately. The majority of the 9 market leaders I track are below their 30 day averages and far from their 52 week highs. Two are at new highs (PCLN and BIDU). Perhaps the leaders have completed their bull market run and have topped, while others will rise for a while and top. I do know that the Dow 30 (ETF, DIA) was strong on Thursday. For now, it looks like tech stocks are trailing the large caps. The QQQ completed the 13th day of its short term down-trend on Thursday. A few more up days could turn the trend around. Meanwhile, IBD continues to call the market in a correction. This rebound from the March lows has come on insufficient volume to convince IBD editors that the correction is over.