Leaders Index7-22-25

The market had a mixed session today, but the overall tone was ok. The major averages opened little changed but quickly sold off. After bottoming out the major averages spent the rest of the session recovering the early losses. The New York averages closed with gains while the NASD averages were a little weaker before big earnings reports. The COMPQ and the NDX declined .39% and .50% respectively. The SPX was higher by .06%. Volume was mixed, down on the NASD and higher on the New York. Leading stocks were lower on the day. The leaders index fell 1.11% on the day. The index closed high in its trading range on higher but below average volume. The market had a decent session overall with market internals mostly positive, even on the NASD. The weakness today was mostly in the big tech stocks before tomorrow’s earnings reports. The equal weighted ETFs of the SPX and the COMPQ were nicely higher on the day. The major averages are mostly going sideways right now, allowing their important moving averages to catch up. We are entering a period now where there will be potentially market moving earnings reports and economic news through next week. TSLA and GOOGL are up tomorrow. Jerry