Leaders Index 8-6-25

The market had a mostly positive session today. The major averages opened a bit higher and rallied most of the rest of the day. All the major averages finished near the top of their intraday trading ranges. The COMPQ and the NDX rallied 1.21% and 1.29% respectively. The SPX gained .73%. Volume was mixed, higher on the NASD and a touch lower on the New York. Leading stocks were mostly higher on the day. The leaders index gained 1.06% on the session. The index closed in about the middle of its trading range on higher and above average volume. The market bounced back today after yesterday’s action. The major averages showed nice gains, helped by a big move in AAPL. Market internals were a little negative as most of the gain was concentrated in big cap stocks. Small and mid-cap stocks were lower on the day. The major averages recovered their short term moving averages today and are close to their old highs. The major averages need to break into new high ground, hopefully with volume, in order to wipe out the sloppy action of the last few days. Jerry