Leaders Index 10-25-21

The market put in a solid performance today, with the Nasd averages leading the way. The major averages opened higher and after a little quick selling found a bottom and rallied most of the remainder of the session. All the major averages finished at or near their intraday trading highs, a sign of support. The Nasd averages were the strongest with the COMPQ and the NDX gaining .90% and 1.04% respectively. The SPX rallied .47%. Volume was mixed, but supportive. It rose 4.58% on the New York and fell.61% on the Nasd, according to Esignal. The Nasd volume was so close that other data feeds could have a different result. Leading stocks were strong with the leaders index gaining 1.98% on the day. The index closed in about the middle of its trading range on lower volume. The action today was good with the Nasd averages recovering Friday’s decline and more. Growth stocks, along with big cap tech stocks did well. The New York averages all made new highs today on higher volume, which is very positive. The Nasd averages remain slightly below their all time highs. FB reported after the close and the stocks is trading a little higher in after market trading, along with the Nasd averages. There are more important earnings reports coming out later this week, but the market is acting well right now. Jerry