Jerry Samet
03-20-2025, 06:28 PM
The market gave back some of yesterday’s gains today. The major averages opened lower but soon rallied to decent gains. It didn’t last as selling came in and the major averages finished in the lower half of their intraday trading ranges. The COMPQ and the NDX fell .33% and .30% respectively. The SPX lost .22%. Volume was mixed, higher on the New York and lower on the NASD. Leading stocks were mixed on the day. The leaders index gained 1.34% on the session. The index closed low in its trading range on lower but slightly above average volume. Some ETFs of leading growth stocks were lower on the day.. The market had sone nice gains early, but lost them by the close. The weak finish is another sign the market is not acting well. We have some positive short term indicators, but the market is still struggling to make any progress. It remains a time to be defensive and protect capital. There will be no update tomorrow. Jerry