Jerry Samet
09-30-2025, 06:20 PM
The market has held up pretty well going into the end of September. The major averages opened a bit lower and after trading in negative territory most of the day rallied into the close. They finished high in their intraday trading ranges with moderate gains. The COMPQ and the NDX gained .30% and .28% respectively. The SPX rallied .41%. Volume was mixed, higher on the New York and lower on the NASD. Leading stocks were mixed. Some ETFs of leading growth stocks were lower but the leaders index had a good day. The index gained 1.07% and closed high in its trading range. Volume was lower and about average. This is a new high for the index on both a price and a relative strength basis. The market corrected for a few days last week, but seems to be recovering. September is over and it turned out to be a pretty decent month. All the major averages showed gains and are near or at new highs. There is some positive action in leading stocks, as keen be seen in the action of the leaders index. There are some mixed signals right now, but the market and leading stocks continue to act well. There is a potential significant red flag possibility out there. The NYSE advance/decline line has not confirmed the recent new highs in the SPX. If this persists much longer there will be an important divergence. Jerry