Jerry Samet
10-14-2024, 06:11 PM
The market had a good session today. The major averages gapped higher at the open and mostly worked their way up from there. All the major averages finished high in their intraday trading ranges. The COMPQ and the NDX gained .87% and .82% respectively. The SPX was higher by .77%. Volume was lower across the board. Leading stocks were higher also with the leaders index gaining .41% on the day. The index closed in the upper half of its trading range on higher but below average volume. The market put in a solid session today. The major averages had solid gains and closed high in their trading ranges. Volume was lower, but you can’t have everything. Leading stocks continue to act pretty well. The New York averages made new highs along with the mid-cap stocks. The weekly Coppock gave a buy signal last Friday and is moving higher this week. It is looking more and more like the market is entering a year end rally. We are getting into earnings season now and a strike by Israel on Iran could happen at any time. At the end of the day you have to watch the market and let it tell you what you should do. Right now the market is acting well. Jerry