Jerry Samet
02-06-2025, 09:37 PM
The market had a pretty quiet but overall positive session today. The major averages opened moderately higher and mostly traded sideways the rest of the session. Late buying saw all the major averages finish near the top of their intraday trading ranges. The COMPQ and the NDX gained .51% and .54% respectively. The SPX was higher by .36%. Volume was mixed, about flat on the NASD and higher on the New York. Leading stocks had a good session as well with the leaders index gaining1.45% on the day. The index closed high in its trading range on higher and above average volume. This is a new high on both a price and a relative strength basis. The market put in a generally positive session today. The major averages finished strong for three days in a row now, which is good. Market internals were about even today. AMZN reported after the close and the stock is trading down a bit in aftermarket trading. The futures are also a bit lower as of this writing. The rally is acting pretty well right now and some of the indicators I look at have improved in recent days. The employment report comes out tomorrow before the open, and if it deviates from expectations it would likely move the market. Jerry