Leaders Index 10-27-24

The market had a strong rally today after encouraging news over the weekend about trade talks. The major averages opened higher and worked their way up the rest of the day. All the major averages finished near the top of their intraday trading ranges. The COMPQ and the NDX gained 1.86% and 1.83% respectively. The SPX rallied 1.23%. Volume was higher across the board. Leading stocks were mixed on the day. The leaders index was flat with a decline of .16% on the day. The index closed in about the middle of its trading range on higher but below average volume. Many gold, nuclear and rare earth stocks that have been leaders were weak today.. The market staged a strong rally today based on news of good progress on the trade talks. The major averages showed strong gains and closed strong. Volume was also higher across the board, showing that large institutional players were buying stocks today. All the major averages also made new highs today. The market is acting well, but this is a busy news week. It is the peak week of the earnings season with several potentially market moving reports coming out later this week. There is also the Fed announcement on Wednesday and the summit on Thursday. These events could cause the market trouble if they are not market friendly, but right now the rally is looking pretty good. Jerry