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Thread: Leaders Index 7-9-20

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    Leaders Index 7-9-20

    The market put in a mixed session today. The Nasd averages were pretty strong while the New York averages lagged. After opening higher the major averages sold off into real losses before they found a bottom and rallied. The Nasd averages rallied stronger and they produced gains. The COMPQ and the NDX gained .53% and .82% respectively. The SPX was weaker with a loss of .56%. All closed in the upper half of their intraday trading ranges with the Nasd averages finishing near the top of their trading ranges. Volume was mixed. It was higher by 1.11% on the Nasd and lower by 1.35% on the New York. This avoided a fresh distribution day on the New York averages. Leading stocks were strong with the leaders index rallying 1.60% on the session. The index closed high in its trading range and made a new high on both a closing and an intraday basis. The relative strength line made a new high also and volume was slightly lower but still above average. The market looked like it would take a bit of a break today, but held up pretty well. The New York averages are struggling a bit as the SPX is having a little trouble getting above its recent high of 3233.13 on 6/8. The SPX is about to have a golden cross as the 50dma is breaking above the 200dma. The Nasd averages continue to show strength as both the COMPQ and the NDX made new highs on both a closing and an intraday basis. The volume signature was also positive today. Quality growth stocks are generally acting well as the leaders index made new highs again. The Nasd averages may be getting ahead of themselves on a short term basis, but overall the picture looks encouraging. I have been getting requests for the components of the leaders index so I will include the text file again. Jerry
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