Leaders INdex 3-4-26

The market put in a solid rally day today. The major averages opened higher and mostly worked their way up the rest of the day. All the major averages finished high in their intraday trading ranges. The NASD averages led the way with the COMPQ and NDX gaining 1.29% and 1.51% respectively. The SPX rallied .78%. Volume was mixed, higher on the NASD and lower on the New York. Leading stocks had a good day as well. The leaders index gained 2.21% on the session. The index closed in about the middle of its trading range on lower and below average volume. The market had a good session today with solid gains across the board. The NASD averages were the leaders today with tech and growth stocks strong. Some economic news was good, but it was a good day generally. The gains were widespread and volume was higher on the NASD, which was the leader today. AVGO reported after the close and the results seem well received so far. The next step for the major averages, if they are to rally, is to overcome their respective 50dma’s. We need a few more days before a follow through could happen. The 50dma’s are the next target for a potential rally. Jerry