Jerry Samet
10-25-2025, 11:31 AM
The market put in a strong session yesterday, despite the lower volume. The major averages opened higher and mostly worked their way up the rest of the day. A little late weakness saw the major averages finish off their absolute highs but still high in their intraday trading ranges and with nice gains. The COMPQ and the NDX rallied 1.15% and 1.04% respectively. The SPX gained .79%. Volume was lower across the board. Leading stocks had a good session as well. The leaders index gained 2.56% on the day. The index closed in about the middle of its trading range on lower and very light volume. The market reacted well to a better than expected CPI report. The major averages broke above their recent highs into new all time highs. The weakness earlier in the week seems to have been resolved to the upside. The price action was good, the only issue is the fact that there was lighter volume on each rally day. If this continues it will show a wedging pattern. The major averages are in new high ground and leading stocks are acting better. Next week is a very big week with several potentially market moving earnings reports , along with a Fed meeting and the summit in South Korea. The market recovered nicely from selling early in the week and the charts are looking good. The only problem is the lower volume on the rebound. Hopefully this will be resolved next week and the market will react well to all the news coming out. Jerry