Jerry Samet
06-30-2021, 06:31 PM
The market put in another overall quiet session today, but like yesterday it had a slightly positive bias. The New York averages led today as the SPX was higher by.13%. It closed in the upper half of its intraday trading range. The COMPQ and the NDX were slightly lower, falling .17% and .12% respectively. The Nasd averages finished in about the middle of their trading ranges. Volume was higher across the board. It rose 15.00% on the New York and 5.34% on the Nasd. The Nasd averages avoided a distribution day because the decline was to small to qualify. Leading stocks were mixed on the day. The leaders index showed a small gain of .16% and closed in about the middle of its trading range. The index held above all its short term moving averages and volume was lower and below average. The market continued its moderate advance today. The Nasd took a rest but overall it was a somewhat encouraging day. The current rally, while not a strong rally by any means, is still in place. The shift back to growth and tech related stocks from the value and small cap stocks that led earlier in the year continued. The market is not lighting any fires right now but it is working its way higher. It looks like that trend is not over. Jerry