Leaders Index 7-28-25

The market had a relatively muted session today in reaction to the EU trade deal. The major averages opened higher but spent much of the rest of the day selling off. Late buying saw all the major averages finish in the upper half of their intraday trading range. The NASD averages led the way with the COMPQ and the NDX gaining .33% and .36% respectively. The SPX was about flat with a gain of .02%. Volume was lower across the board. Leading stocks were mixed on the day. The new leaders index was about flat with a decline of .03%. Volume was slightly higher and below average. It has been just over three months since the follow through and the current leaders index. In that time it is up just shy of 30%, a good performance. Since this is a long time and several stocks in the index have broken down I created a new leaders index on Friday. It contains 28 names and is a good representation of top performing stocks right now. The market was little changed today ahead of the big week. The major averages lost early mild gains but gained much of that back in the last half hour. All the major averages made marginal new highs. Market internals were negative. NASD and tech stocks led the way with strong gains in the semiconductor stocks. The major averages look good right now, if a little extended in the short term. The market was quiet today as we wait for the blizzard of news coming in the next few days. Things look good now, but lets keep our fingers crossed for good earnings reports coming in the next three days. Jerry