Jerry Samet
10-09-2024, 06:20 PM
The market put in a solid performance today. The major averages opened mixed, but mostly worked their way higher the rest of the day. All the major averages finished high in their intraday trading ranges. The COMPQ and the NDX gained .60% and .80% respectively. The SPX rallied .71%. Volume was mixed, higher on the New York and lower on the NASD. Leading stocks were higher as well with the leaders index gaining .33% on the day. The index closed in about the middle of its trading range on lower and below average volume. The market put in a good performance today with solid price gains. The New York averages made new highs on higher volume. More and more stocks are joining the party and that is a good sign. The leaders index is acting well. The picture is improving as the major averages and leading stocks continue to make gains. There are a couple of worrisome signs, but the overall picture looks good. There will be the CPI report tomorrow and earnings season kicks off on Friday. Right now the case for the market beginning a year end rally is looking better. Jerry