Jerry Samet
11-21-2024, 07:23 PM
The market had an overall solid session today. The major averages opened mixed, sold off and then rallied late. When it was all said and done the major averages finished high in their intraday trading ranges. The NASD averages were the weakest due to declines in some big cap tech stocks. The COMPQ was higher by .03% while the NDX rallied .36%. The SPX gained .53%. Volume was higher across the board. Leading stocks had a good day with the leaders index gaining 1.35%. The index closed in the upper half of its trading range on about flat volume. The market had a good session overall today. After all the noise NVDA’s earnings didn’t do much. Weakness in most of the big cap tech stocks held the NASD averages back today, but they still closed higher. The market did well under the surface. The small and mid-cap averages did well and market internals were strong. Volume was higher as the market rose. Leading stocks are acting well, which may be the most positive item. Earnings season is winding down and a lot of the outside items are behind us. The rally looks pretty good right now and maybe we can get on with a year end rally, hopefully. Jerry