Jerry Samet
08-18-2025, 06:11 PM
The market was little changed today in a quiet overall session. The major averages opened a bit lower and traded around unchanged most of the day. All the major averages finished high in their intraday trading ranges. The COMPQ and the NDX gained .03% and .01% respectively. The SPX was lower by .01%. Volume was mixed, higher on the NASD and lower on the New York. Leading stocks were moderately higher on the day. The leaders index gained .17% on the day. The index closed high in its trading range on very low volume. It also closed right on its 17dma. The market put in a quiet session, but closed high in its trading range. The major averages look like they are taking a break after their recent advance. So far everything looks pretty constructive. The major averages got a little extended from their important moving averages so some consolidation or even a mild pullback would be helpful. We are also in a seasonally weak period of the year. Right now the market is acting well and it may be a quiet week as we wait for Powell’s speech on Friday. Jerry