Jerry Samet
01-08-2026, 07:14 PM
There was no update yesterday due to a data problem at HGSI. The market had a bit of a split session today. The major averages opened lower and were in negative territory most of the day. The New York averages finished high in their intraday trading ranges while the NASD averages closed in about the middle of theirs. The COMPQ and the NDX fell .44% and .57% respectively. The SPX was up only .01%. Volume was also mixed, higher on the New York and lower on the NASD. Leading stocks were lower on the day. Because the rally seemed to be spreading out I decided to create a new leaders index. It was done yesterday and consists of 30 leading stocks. I have included a text file with the stocks in the index. The index fell today by 1.83% but closed high in its trading range. Full disclosure, I bought a basket of these stocks. The market had a bit of a split session today with tech stocks and the NASD averages pulling back and other parts of the market doing well. Small and mid-cap stocks did well again and market internals were solid. The rally seems to be expanding to other sectors and this is likely good. Right now the rally seems to be on solid ground. Tomorrow will see the employment report come out and that could be a market mover if it deviates from expectations. The Supreme Court may also rule on the tariffs. Next week earnings season kicks in and expectations are pretty high. The rally looks ok and being invested is the place to be. Jerry