Jerry Samet
04-06-2026, 06:14 PM
The market had a pretty quiet session today, but with a positive trend. The major averages opened higher and mostly worked their way up the rest of the day. All the major averages finished high in their intraday trading ranges. The COMPQ and the NDX gained .54% and .61% respectively. The SPX rallied .44%. Volume was lower across the board. Leading stocks were mixed on the day. The leaders index gained .42% on the session. The index closed in the lower half of its trading range on lower and below average volume. The market had an overall positive session today. The major averages fought off a couple of selling attempts during the day to come back and close strong. This is encouraging action. One negative that remains is the developing wedging pattern. On both the SPX and the COMPQ there have been four up days on successively lower volume. A solid up day on higher volume would help with this. The market is in a rally attempt right now and could have a follow through any day at this point. There are some other indicators that seem to be falling into place, but it is too early to be sure. Most important, the weekly Coppock is showing signs of curling . Of course, all of this could be thrown out if there is bad news on the war. The next real resistance for the major averages is their respective 200dma’s. Jerry