Leaders Index 4-27-16

[Jerry Samet]

The market put in a mixed performance today. The New York averages were slightly higher while the Nasd averages were lower. The negative earnings report from AAPL hit the Nasd averages with the COMPQ falling .51% and the NDX down by .82%. Both traded below their important 200dma’s. The COMPQ managed to close above this moving average while the NDX finished below it. After the close FB had a blowout report and is trading up about 10% in the after market. This will provide a boost to the Nasd averages tomorrow. The SPX finished with a slight gain of .16% while the DOW was up by .28%. All finished high in their intraday trading ranges and volume was higher across the board. Most of the weakness was in the big cap tech stocks as the Semiconductor stocks were strong and the SOX gained 1.01%. Leading stocks were flat on the day with the leaders index It closed in the upper half of it’s intraday trading range on much higher and above average volume. The index remains in it’s trading range with the 9dma and 17dma on the top and the 50dma on the bottom. The market remains in it’s indecision pattern and we will have to see where the major averages and the leaders index go from here. Jerry