Leaders Index10-6-25

The market continued to work its way higher today. The major averages opened higher and after a little early weakness rallied most of the remainder of the day. All the major averages finished high in their intraday trading ranges. The NASD averages were the strongest with the COMPQ and the NDX gaining .71% and .78% respectively. The SPX was higher by .36%. Volume was very close on both exchanges, so it could be higher or lower depending on which data source you are looking at. Leading stocks had a good day as well. The leaders index gained 1.07% on the day. The index closed in about the middle of its trading range on lower and below average volume. This is a new high for the index on both a price and a relative strength basis. The market continued to work its way higher as the rally remains on solid ground. The government shutdown doesn’t seem to be having much effect. All the major averages made new highs today or are very close. Market internals were mixed today and the NYSE advance decline line remains a problem. Right now the rally still looks good and we likely have not seen the top yet. Jerry