Leaders Index 12-19-25

The market had a strong continuation of Thursday’s recovery yesterday. The major averages opened higher and worked their way up the rest of the session. All the major averages finished high in their intraday trading ranges. The NASD averages led the way with the COMPQ and the NDX gaining 1.31% each. The SPX rallied .88%. Volume was higher across the board, mostly due to the fact that yesterday was an expiration day. Leaading stocks had a strong session as well. The leaders index gained 2.61% on the day. The index closed high in its trading range on higher and well above average volume. The market had a strong session yesterday to build on Thursday’s action. This is the kind of session we wanted. Market internals were not that strong, but everything else fell into line. The NASD averages recovered their 50dma’s and volume was very strong. That was due to yesterday being an expiration day, but it still counts as a strong up day on higher volume. The leaders index also regained its 50dma and the relative strength line of the leaders index is close to the same. Yesterday put the rally on firmer footing, let's see how long it lasts. Jerry