Jerry Samet
04-01-2026, 06:18 PM
The market built on yesterday’s rally today, but lost some steam later in the day. The major averages opened higher and after moving upward saw some selling later in the session. All the major averages finished either in the middle or lower half of their intraday trading ranges. Much of the gains were in the opening gap on the intraday charts. The COMPQ and the NDX were higher by 1.16% and 1.18% respectively. The SPX rallied .72%. Volume was lower across the board. Leading stocks had a strong day. The leaders index gained 5.22% on the day, after a strong day yesterday. The index also regained its 50dma. Volume was higher and above average. The market rallied today and built on yesterday’s up move. Some of the gains were lost, but the final results were still good. The major averages are in a rally attempt, but it is to early for a follow through. The weekly Coppock is still in a downtrend, but if the week ends well there will be a bit of a curl in the chart. Trump is making an address to the nation tonight and we don’t know what he will say. If it is encouraging the current rally attempt could turn into something. If not, the market would likely head lower. At this point , if the rally attempt is to turn into a tradable rally the first obstacle is the 200dma’s of the major averages. Hopefully we will hear something encouraging tonight. Jerry