Leaders Index 9-13-18

The market put in a generally positive performance today. After opening strong the major averages mostly held their gains the rest of the session. The New York averages finished high in their trading ranges and the Nasd averages were split. The COMPQ closed in the middle of its trading range while the NDX ended up high in its trading range. The Nasd averages led the rally with the COMPQ and the NDX higher by .75% and .98% respectively. The SPX gained .53%. Volume was lower across the board, not exactly what you want to see on a rally day. Leading stocks were higher as well with the leaders index gaining .44% on the day. The index closed high in its trading range and remains above the important 17dma support level. Volume was lower but still above average. It was on overall good session today. The major averages closed with solid gains and they held the gains to close high in their trading ranges. Leading stocks rose as well, but still were a little mixed. The leaders index continues in its recent consolidation. It remains above its 17dma support level and continues to trade high volume. The index must break out into new high ground to show that quality growth stocks are continuing higher. It would also be encouraging to see the major averages move into new high ground. Jerry