Jerry Samet
07-26-2025, 11:09 AM
The market put in a mildly positive session yesterday. The major averages showed moderate gains to top off a positive week. The major averages opened little changed but spent most of the day rising. Some late weakness saw the major averages finish off their highs but still in the upper half of their intraday trading ranges. The COMPQ and the NDX were higher by .24% and .23% respectively. The SPX rallied .40%. Volume was lower across the board, not unusual for a Friday in the summer. Leading stocks did well yesterday. The leaders index gained 1.51% on the day. and closed in about the middle of its trading range. Volume was higher but below average. The market capped off a positive week with a generally good session yesterday. The major averages and the leaders index made new highs, but market internals were only slightly positive. The rally still looks like it is on solid ground. Leading stocks have underperformed recently but are still acting pretty well. Next week is the biggest week of the earnings season with multiple potential market moving reports. There is also a Fed meeting with the announcement on Wednesday. To top it off the employment report comes out on Friday. It will be a big week next week, but the market looks like it is on solid ground. Jerry