Leaders Index 4-2-25

[Jerry Samet]

The market had a volatile session today. The major averages opened lower and then regained the losses. They then bounced around before some late buying saw all the major averages finish high in their intraday trading ranges. The gains were solid with the COMPQ and the NDX gaining .87% and .75% respectively. The SPX was higher by .67%. Volume was mixed, higher on the NASD and lower on the New York. Leading stocks were higher as well. The leaders index gained 2.95% on the day. The index closed high in its trading range on higher and above average volume. It was a pretty wild day as the market awaited the tariff announcement after the close. The major averages were lower at the open then rallied back only to sell off again. Late buying saw the major averages close with solid gains. The announcement after the close does not seem to be well received by the market. The futures are showing real losses, as of this writing. A big decline , especially on higher volume tomorrow would be negative. Its very difficult right now to figure the market out short term. It is so news driven that things change very quickly. If the market actually closed tomorrow where the futures are now much of the gains of the last three days would be wiped out. The best strategy right now is probably to keep your head down. Jerry