Jerry Samet
08-25-2025, 06:20 PM
The market pulled back today after Friday’s rally. The major averages opened a bit lower and after rallying a little turned around and sold off into the close. All the major averages finished low in their intraday trading ranges. The COMPQ and the NDX fell .22% and .21% respectively. The SPX lost .43%. Volume was lower across the board so there was no new distribution today. Leading stocks were moderately lower as well. The leaders index fell .31% on the day. The index closed in about the middle of its trading range on lower and very light volume. The market sold off moderately today after Friday’s strong gains. The declines were fairly small compared to Friday’s gains, but the weak close is a little disappointing. A bit of a pullback after a strong advance is not unusual and the lower volume showed that large institutional players were not active sellers today. This is encouraging, but market internals were weak today. Right now there are indicators that are pointing in both directions, but the preponderance of the evidence still points to the rally continuing. NVDA will report after the close on Wednesday and that is what the market is waiting for right now. Jerry