Jerry Samet
04-09-2026, 06:08 PM
The market built on yesterday’s rally with solid gains today. The major averages opened a little weak , but found a bottom and rallied most of the remainder of the session. All the major averages closed near their intraday trading highs. The COMPQ and he NDX gained .83% and .72% respectively. The SPX was higher by .62%. Volume was lower across the board. Leading stocks were also higher on the day. The leaders index rose 2.15% and closed in about the middle of its trading range. Volume was lower and slightly below average. This is a new high for the leader’s index on both a price and a relative strength basis. The market started off lower today but rallied to close strong. This is good action. The PCI came in a little high, but not by to much. We are still early in this rally attempt. There was a follow through on the SPX and the weekly Coppock looks like it will signal next week. The %Es did confirm the follow through. The picture is improving, but I still think the rally must do more to prove itself. Increasing exposure is ok, but the problem is that one news story could turn the whole thing around. The CPI comes out tomorrow before the open, it could affect the market if it deviates from expectations. Since there was a follow through, I will make a new leaders index over the weekend. Jerry