Leaders Index 10-14-25

The market had a volatile session today on more tariff talk. After opening lower the major averages worked their way back to slightly positive territory before selling off late. All the major averages finished with losses, but in the upper half of their intraday trading ranges. The NASD averages were hardest hit with the COMPQ and the NDX falling .76% and .69% respectively. The SPX lost .16%. Volume was higher across the board, adding a distribution day on the NASD averages. Leading stocks were moderately lower as well. The leaders index fell .81% on the day. The index closed in about the middle of its trading range on lower and well below average volume. The index again held its important 17dma. The market had a volatile session today, mostly on tariff news. There was early weakness that was caused some tough talk on China trade. The market then rallied pretty nicely and actually got into mildly positive territory. A late post on more tariffs caused the market to sell off late and close with losses. Market internals were positive on the day. Small and mid-cap stocks showed nice gains on the session. The equal weighted ETFs of the SPX and the NDX were positive. It looked like the market might stage a nice reversal from early weakness, which would have been encouraging. That was killed by a late Truth Social post. Right now the market is rallying and selling off based on the latest trade news with China. That makes it difficult market to trade and new buys should be made cautiously. The overall uptrend is still intact, but the level of volatility has sure gone up. Jerry