Jerry Samet
01-29-2025, 07:31 PM
The market was pretty volatile today. The major averages traded mostly in negative territory today and was all over the place after the Fed announcement. They closed alright with the NASD averages finishing high in their intraday trading ranges while the SPX closed in about the middle of it’s range. The COMPQ and the NDX fell .51% and .24% respectively. The SPX lost .47%. Volume was lower across the board. Leading stocks did pretty well with the leaders index gaining 1.30% on the day. The index closed high in its trading ranges on lower and below average volume. The market was all over the place today, which is not unusual on a Fed announcement day. The market traded in negative territory all day. The earnings reports after the close were a mixed bag at best. Right now the futures are trading slightly down. The major averages held their 50dma’s and leading stocks are acting well, but there are still a lot of land mines out there. AAPL reports tomorrow. The market is holding up right now and overall the picture is moderately favorable. Jerry