Stock Market Today With IBD

The Dow Jones and Russell 2000 rose Tuesday while the Nasdaq tumbled heading into big tech earnings and the Fed decision. A strong start finished flat, with plenty of reasons to be cautious this week. Between a Fed meeting, earnings reports, jobs reports, there might be some jostling valuations amongst investors. Learn more about your ad choices. Visit megaphone.fm/adchoices

A strong start finished flat and there is plenty of reasons to be cautious this week. Between a Fed meeting, earnings reports, jobs reports, there might be some jostling valuations amongst investors. Learn more about your ad choices. Visit megaphone.fm/adchoices

Mike Webster and Justin Nielsen walk through this week's technical action and stocks to watch in the Friday extended version of Stock Market Today. Learn more about your ad choices. Visit megaphone.fm/adchoices

The S&P 500 and Nasdaq came off Thursday’s lows, but later gave up intraday gains. Nvidia slashed early losses as it battles AI fatigue fears, but it’s got work to do. ServiceNow spiked higher on earnings, breaking out, while TechnipFMC moved back into a buy zone on its results. Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes sold off, with the Nasdaq undercutting its 50-day line. Tesla and Google led the decline, with a slew of techs sliding in sympathy, including Microsoft. Selling was broad, though small caps and non-tech sectors don’t look as damaged. Tenet Healthcare and Fiserv broke out on earnings. Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes edged lower Tuesday, while small caps had another strong gain. GE Aerospace, HCA Healthcare and Pentair flashed buy signals on earnings. Learn more about your ad choices. Visit megaphone.fm/adchoices

Justin Nielsen and David Saito-Chung walk through Monday's technical action and stocks to watch in Stock Market Today. Learn more about your ad choices. Visit megaphone.fm/adchoices

Justin Nielsen and Alissa Coram walk through this week's technical action and stocks to watch in the Friday extended version of Stock Market Today. Learn more about your ad choices. Visit megaphone.fm/adchoices

An earnings sell-off for Domino’s Pizza fueled more selling in the restaurant group. Copper fell sharply resulting in a 4% drop for the Mining-Metal Ores group. Homebuilders rallied again but most stocks in the group faded after strong starts. Blackstone reported earnings and is still in a buy zone; biotech Vertex continues to show strength and support; Eldorado Gold is still in a buy zone. Learn more about your ad choices. Visit megaphone.fm/adchoices

Chip stocks fell hard on reports the Biden administration is considering tougher export curbs to limit China’s access to advanced chip technology. But breadth wasn’t too bad, with losers beating winners on both exchanges by less than 2 to 1. Consumer staple stocks outperformed, along with energy, health care, financial and real estate stocks. Sellers knocked Nvidia and Eli Lilly lower, but Tenet Healthcare is trading tightly near its 10-week moving average. Learn more about your ad choices. Visit megaphone.fm/adchoices

The market rally is continuing a near-ideal rotation. Megacaps are taking a much-need pause. Meanwhile, small caps, the Dow Jones and a slew of sectors taking the lead, with a number of stocks flashing buy signals, including Toast, Uber and Woodward. Learn more about your ad choices. Visit megaphone.fm/adchoices

An assassination attempt on former president Trump boosted his election prospects and the market saw gains. The Dow Jones Industrial Average and Russell 2000 continued to make progress as the new index leadership. Energy was the best performing sector and Diamondback Energy showed a breakout. Financials also saw a boost and JPMorgan recovered from an earnings reaction decline. Finally, software might be on the rise again and CrowdStrike showed an upside reversal for the day. Learn more about your ad choices. Visit megaphone.fm/adchoices

Mike Webster and Alissa Coram walk through this week's technical action and stocks to watch in the Friday extended version of Stock Market Today. Learn more about your ad choices. Visit megaphone.fm/adchoices

Consumer prices cooled in June which fueled more bond buying. The 10-year Treasury yield hit its lowest level since March and fell 8 basis points to around 4.20%. Despite sharp declines for the Nasdaq and S&P 500, market breadth was overwhelmingly positive. KB Home and Urban Outfitters gave buy signals, while Apple’s decline was orderly. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Nasdaq composite jumped 1.2% and marked its sixth straight all-time closing high. But breadth was so-so, with winners beating losers by less than 2-to-1 as software and restaurant stocks lagged again. Newmont and Ensign gave buy signals while CyberArk is setting up. Learn more about your ad choices. Visit megaphone.fm/adchoices

The S&P 500 and Nasdaq hit fresh high Tuesday morning, but key indexes closed little changed amid mixed action beneath the surface. Brazilian jet maker Embraer flashed a buy signal while Diamondback Energy made a bullish move. Cava fell solidly, perhaps getting a long-awaited shakeout, but coming as more restaurant stocks struggle. Learn more about your ad choices. Visit megaphone.fm/adchoices

With the Nasdaq composite’s run last week, a little consolidation of gains is just what the doctor ordered. Better yet, there are still stocks setting up nicely. Carpenter Technology got another bounce from its 50-day line and Ollie’s Bargain Outlet is trying to move out of a three-weeks tight pattern. But a dive in Chipotle Mexican Grill is a helpful reminder to pay attention to sell rules. Learn more about your ad choices. Visit megaphone.fm/adchoices

Mike Webster and Justin Nielsen walk through this week's technical action and stocks to watch in the Friday extended version of Stock Market Today. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Nasdaq and S&P 500 hit fresh all-time highs as a weak ISM services reading hit Treasury yields and raised Fed rate cut hopes. The jobs report looms Friday though. Chips and other techs were strong, with ASML back in a buy zone. But plenty of stocks from other sectors flashed buy signals, including Tencent Music and Angico-Eagle Mines. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Nasdaq, buoyed by Tesla and most megacaps, moved toward record highs, slightly extended from the 50-day line, even as small caps remain below that key level. Weatherford is among energy plays making bullish moves, while Goldman Sachs and other bank giant are around buy points. Novo Nordisk fell at the open on news, but bounced back quickly. Learn more about your ad choices. Visit megaphone.fm/adchoices

With the downside reversal on Friday, you would expect weakness to follow. But the market indexes are still showing resilience and refuse to go down. You can credit the megacaps again. Take Meta which showed signs of support around 500. But there are also a few others setting up. Retailer Ollie’s Bargain Outlet is holding tight just under 100 after a nice quick pop following earnings and IBD Long-term Leader Synopsys found support at its 21-day line. Learn more about your ad choices. Visit megaphone.fm/adchoices

Mike Webster and Alissa Coram walk through this week's technical action and stocks to watch in the Friday extended version of Stock Market Today. Learn more about your ad choices. Visit megaphone.fm/adchoices

Winners had a slight edge over losers on both exchanges. Investors bought bonds, sending the 10-year yield lower by 3 basis points to 4.28% ahead of key inflation data point Friday. Meta Platforms cleared a 514.01 entry in light volume, while Monday.com and ServiceNow cleared trendlines. Learn more about your ad choices. Visit megaphone.fm/adchoices

Declining stocks had a slight edge over advancers on both exchanges. The Nasdaq’s advance/decline line has been on a downtrend for more than a month. Learn more about your ad choices. Visit megaphone.fm/adchoices

After a few days with the Dow and non-tech sectors leading while AI plays tumbled, the market shifted back to Nvidia and the Nasdaq. A one-day blip or a reversion to the old AI trend? Meta Platforms, Novo Nordisk and MercadoLibre flashed buy signals. Learn more about your ad choices. Visit megaphone.fm/adchoices

Even though some of the star players are coming down, there seem to be some understudies waiting in the wings. Sprouts Farmers Market got our “ants” signal but tightened up afterward. Now, it’s found support at its 10-week line. Insurance companies continue to show relative strength as Hartford Financial staged a breakout today. Healthcare stocks are right there too with Merck coming up to prior resistance and setup to breakthrough. Learn more about your ad choices. Visit megaphone.fm/adchoices

Is the party over or just moving locations? The downside reversal on Thursday is certainly affecting Nvidia as it continued to weaken, but other megacaps are picking up the slack. Alphabet is looking at a closing high after moving above a three-weeks-tight area and Spotify found support at its 21-day moving average line. Learn more about your ad choices. Visit megaphone.fm/adchoices

Losers had a slight edge over winners on both exchanges. The S&P 500 turned lower after poking above the 5,500 level, while blue chips finally enjoyed a day of outperformance. China-based Kanzhun and Chubb are close to breaking out of downtrends, while Palantir might be adding a handle to its current pattern. Learn more about your ad choices. Visit megaphone.fm/adchoices

The stock market had a relatively quiet pre-holiday session, with the S&P 500 and Nasdaq holding around record highs. The latter is somewhat extended, something to consider when analyzing possible buys and sells. ELF Beauty broke out, while Goldman Sachs and Granite Construction are right on the cusp of early entries. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Nasdaq led a solid advance on Monday, with the 18,000 level looking like a magnet to the upside. But the faster the market rises, the harder it may pull back. The tech-heavy index is now nearly 9% above its 50-day moving average and well above its 21-day line. Today’s sharp move could mean the risk of a steeper pullback is now elevated. Among individual stocks, On Holding (ONON) reversed higher after testing a critical support area. GE Aerospace (GE) cleared a trendline entry and Carvana (CVNA) bounced off a key psychological level. Learn more about your ad choices. Visit megaphone.fm/adchoices

Mike Webster and Alissa Coram walk through this week’s technical action and stocks to watch in the Friday extended version of Stock Market Today. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Nasdaq hit another all-time best thanks to a few big caps, and is starting to look extended. The S&P 500 set a closing high. But the Dow and Russell 2000 fell, struggling around the 50-day line, though they came off early afternoon lows. Chipotle cleared a short consolidation while Universal Health held a buy zone. GE Aerospace fell through its 50-day. Learn more about your ad choices. Visit megaphone.fm/adchoices

The S&P 500 and Nasdaq hit fresh record highs while small caps jumped, fueled by a tame CPI report before the open. Stocks largely held their gains despite a somewhat-hawkish Fed rate outlook, but then faded late in the session. Booking Holding broke out while Fair Isaac made a bullish move. KB Home soared initially, but slashed gains as Treasury yields pared losses. Learn more about your ad choices. Visit megaphone.fm/adchoices

Stocks closed mixed but near session highs. Apple surged out of a base, driving the Nasdaq to a record high. Arista Networks flashed a buy signal while Lam Research is trading around buy points. The CPI inflation report is due early Wednesday with the Fed’s “dot-plot” rate outlook on tap in the afternoon. Learn more about your ad choices. Visit megaphone.fm/adchoices

Winners were evenly split with losers on both exchanges as the Nasdaq composite and S&P 500 trade tightly near highs. The 10-year Treasury yield rallied again after surging 15 basis points Friday. General Motors broke out powerfully from a flat base. Learn more about your ad choices. Visit megaphone.fm/adchoices

Mike Webster and Alissa Coram walk through this week’s technical action and stocks to watch in the Friday extended version of Stock Market Today. Learn more about your ad choices. Visit megaphone.fm/adchoices

Decliners beat advancers by less than 2-to-1 on both exchanges as gold stocks outperformed. Data center stocks like Vertiv and Modine Manufacturing fell hard again, but the session served up several strong gainers. Pinterest cleared a trendline after a low-volume pullback; Wheaton Precious Metals bounced nicely off its 50-day moving average; Coinbase is forming the right side of a base. Learn more about your ad choices. Visit megaphone.fm/adchoices

The ADP employment came in weaker than expected, raising expectations that the first Federal Reserve rate cut will come at the September meeting. Friday’s employment report still looms large. CrowdStrike soared after reporting earnings, but there’s a caveat; ASML gapped up to the top of a 13-week consolidation; Oscar Health is firming up after a pullback. Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes were firm Tuesday, with the Nasdaq and S&P 500 near record highs. But market breadth was weak, with small caps falling back below the 50-day line. Spotify and Novo Nordisk cleared buy points while GE Aerospace is finding key support, working on a new base. Learn more about your ad choices. Visit megaphone.fm/adchoices

There was a lot to talk about in the market after Friday’s reversal. The NYSE had some glitches that led to some wrong prices in Warren Buffet’s Berkshire Hathaway (BRKA) and others. Elections in Mexico and India had very different effects on those stocks and the CEO of Lattice Semiconductor (LSCC) found greener pastures at Coherent (COHR). On top of that you also had some good looking charts in the Domino’s (DPZ) as restaurant stocks continue to set up. Medical is also coming on strong with Regeneron (REGN) following up on its reversal last week. Learn more about your ad choices. Visit megaphone.fm/adchoices

Mike Webster and Alissa Coram walk through this week’s technical action and stocks to watch in the Friday extended version of Stock Market Today. Learn more about your ad choices. Visit megaphone.fm/adchoices

The 10-year Treasury yield took a breather after two days of sharp gains. Despite losses for the major stock indexes, breadth was slightly positive on the Nasdaq and about 3-to-1 positive on the NYSE. Chubb is back in a buy zone after a low-volume pullback. ISRG tried to clear a flat base again to no avail while UHS cleared a cup-with-handle base. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Nasdaq pared losses while the S&P 500 traded in a tight range and closed comfortably above its 21-day line. Losers beat winners on the NYSE by more than 5-to-1; the ratio was nearly 3-to-1 negative on the Nasdaq. Cava reversed higher after falling nearly 10% intraday; Dutch Bros is back in rally mode after some post-earnings softness; Robinhood is back in a buy zone after the company announced a big share buyback. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Nasdaq briefly topped 17,000 as Nvidia continues to run higher, but market breadth was weak, with the Dow Jones undercutting its 50-day line. Arm Holdings and Wingstop flashed buy signals, while Celsius plunged below a key level. Learn more about your ad choices. Visit megaphone.fm/adchoices

After a bearish reversal in Thursday’s session, the stock market bucked the weakness and delivered a positive expectation breaker. How bullish should you be now? Mike Webster and Alissa Coram walk through this week’s technical action and stocks to watch in the Friday extended version of Stock Market Today. Learn more about your ad choices. Visit megaphone.fm/adchoices

The 10-year Treasury rose above some key levels after the flash Composite Purchasing Manager’s Index (PMI) came in stronger than expected. Nvidia faded off highs after the Nasdaq composite pared an intraday gain of nearly 1.2% to a loss of 0.4% by the close. Novo Nordisk, Crocs and Ryan Specialty are still holding near highs. Learn more about your ad choices. Visit megaphone.fm/adchoices

The 10-year Treasury yield rallied a bit after the minutes from the May 1 Fed meeting were released. Just after the close, the yield was trading around 4.43%, up 2 basis points. Oil and gas stocks lagged badly, along with metals and mining stocks. Loar Holdings followed through after clearing an IPO base Tuesday; Monday.com is holding gains well after gapping up on earnings; Vertex Pharmaceuticals is near the top of a shallow cup base. Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes had another quiet session, as investors await Nvidia earnings. But leading stocks continue to fare well. Eli Lilly broke out while Microsoft flashed a buy signal. Ares Management tumbled Tuesday on investor day, but pared losses to hold the buy zone. Learn more about your ad choices. Visit megaphone.fm/adchoices

As a power trend starts, many stocks are giving second chances at buy areas. AppLovin held tight after earnings and has a look that can be found among many stocks today. Monolithic Power reaffirmed its breakout from last week after holding tight for a couple of days. Of course, Nvidia earnings are due after the close on Wednesday which puts a spotlight on chips. Finally, Booking.com is a little slower but shows strength outside of tech. Learn more about your ad choices. Visit megaphone.fm/adchoices

As Nvidia earnings loom large next week, the stock market is on the verge of delivering a powerful signal. Mike Webster and Alissa Coram walk through this week’s technical action and stocks to watch in the Friday extended version of Stock Market Today. Learn more about your ad choices. Visit megaphone.fm/adchoices