Stock Market Today With IBD

Stocks rallied back in light volume after higher-volume declines for the Nasdaq and S&P 500 Wednesday. Carnival moved well after reporting strong earnings; Freeport-McMoRan is holding gains well and near a buy point, while Zillow stock is under accumulation and near the top of a cup base. Learn more about your ad choices. Visit megaphone.fm/adchoices

The stock market reversed lower, with the Dow Jones and Nasdaq snapping nine-session win streaks. A pullback wasn’t a surprise. Google broke out Wednesday morning, while Old Dominion cleared a trendline entry, but both pared gains. MDB is trying to set up and tighten up, but MongoDB is only pawn in market game. Learn more about your ad choices. Visit megaphone.fm/adchoices

The stock market continued to move higher in a broad advance with the S&P 500 nearing all-time highs. Many leading stocks as well as the Nasdaq are increasingly extended. But oil machinery play Weatherford and trucking firm Saia flashed buy signals while AI server maker Super Micro paused after a five-day run. Learn more about your ad choices. Visit megaphone.fm/adchoices

Indexes started the week with the megacap companies back in favor. Call them the FANG stocks or Magnificent 7, but that’s where a lot of the strength came from for the day. Meta Platforms recently got support at its 50-day moving average and followed up with gains after a short digestion. Amazon.com had a longer digestion with a breakout today that provided another buy opportunity. Netflix previously found resistance at its July high but attacked that level again with renewed vigor and a cup-with-handle breakout. Learn more about your ad choices. Visit megaphone.fm/adchoices

The market capped a powerful, broad advance for the week as the Fed shifted toward rate cuts. Many leaders and perhaps the Nasdaq are getting extended. But Steel Dynamics, Tesla and Monday.com are in buy range. Learn more about your ad choices. Visit megaphone.fm/adchoices

Small caps shot higher again, but the major stock indexes couldn’t hold early gains. But there was plenty of strength below the surface again. Inside the Dow Jones, American Express cleared a cup-with-handle base; Flowserve also broke out while Leaderboard stock Datadog is closing in on an alternate entry. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Dow Jones hit a record high with the S&P 500 and Nasdaq decisively cleared recent ranges and July peaks, fueled by the Fed signaling three rate cuts in 2024. Vertex surged on positive trial results for a new painkiller. Eli Lilly is setting up again. Samsara cleared a recent range after its earnings gap up. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Nasdaq hit a 2023 high, following the S&P 500. Neither has moved decisively past a recent range yet, with the Fed meeting decision on tap. A number of leading stocks have found support at rising 21-day lines, including Amazon, Netflix and Freshworks. Learn more about your ad choices. Visit megaphone.fm/adchoices

The megacaps were down but strength was found elsewhere including chips and industrials. Copart broke a downtrend getting support at the top of a flat base. Applied Materials got support at its double bottom entry and broke above a downtrend in a handle. Finally, Snowflake is on the verge of breaking out of cup with handle. Learn more about your ad choices. Visit megaphone.fm/adchoices

Friday’s jobs report and tumbling inflation expectations helped push the S&P 500 to a 2023 high, with the Nasdaq almost there, suggesting the market rally may be on the cusp of another leg higher. Arm Holdings blasted out of an IPO base as chip stocks heat up. Microsoft has held a buy point and a key level. Crispr Therapeutics won a historic FDA approval, but CRSP suffered a classic “sell the news” reversal. Learn more about your ad choices. Visit megaphone.fm/adchoices

Weekly jobless claims came in as expected as the market fought to win back its gains lost from Wednesday. AMD was featured on the show yesterday and in what looked like a delayed reaction powered higher and broke above 120. Google had AI news of its own that pushed it back above its 50-day moving average line. Over in travel, Booking.com cleared a tight area around 3,200. Learn more about your ad choices. Visit megaphone.fm/adchoices

The stock market initially cheered a soft ADP employment report, but sellers knocked indexes well off highs by the close. Investors bought bonds again as oil prices slumped. Ollie’s Bargain and AMD couldn’t hold gains despite good news, while Trex is near the top of a cup base. Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes were narrowly mixed Tuesday even with Treasury yields tumbling on weak job openings data. Apple broke out while Amazon bounced back to a buy point. Nvidia rose slightly off a key level, but volume is lacking while archrival AMD is expected to unveil an AI chip. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Nasdaq finished off its lows as 14,000 remains a level to watch as well as the 21-day line. But small caps were unfazed by the Nasdaq’s woes. A number of stocks still had good days including Uber which is getting added to the S&P 500. But don’t go chasing extended stocks in an extended market. Booz Allen Hamilton broke out of a fresh cup-with-handle and defense and intelligence are areas of interest right now. Finally, construction and real estate continued to show power with TopBuild extending its gains above a breakout around 300. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Dow Jones hit a fresh 52-week high Friday with the S&P 500 and Nasdaq close behind. But Friday’s big winner was the Russell 2000, blasting above its 200-day line. Other measures showed improving breadth. Recent IPO Arm Holdings, construction play United Rentals and D.R. Horton flashed buy signals. Learn more about your ad choices. Visit megaphone.fm/adchoices

Bond yields rose as health care, industrial and financial stocks outperformed. Among the Magnificent 7 stocks. Nvidia, Alphabet and Tesla lagged. Ingersoll Rand is near the top of a cup base; Snowflake soared on earnings and Curtiss-Wright is still in a buy zone. Learn more about your ad choices. Visit megaphone.fm/adchoices

Software stocks outperformed, helped by strong earnings reports from Workday and CrowdStrike. Breadth was about 2-to-1 positive on the NYSE and slightly less than 2-to-1 positive on the Nasdaq. Workday gapped up on earnings, while group peers Dynatrace and Cloudflare topped buy points. Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes continued to move sideways, with Treasury yields continuing to slide. Tesla reclaimed a key level, nearing a buy point ahead of the Cybertruck delivery event. Palantir bounced from its 21-day after a sharp recent pullback. Marriott is pausing just below highs, working on a handle. Learn more about your ad choices. Visit megaphone.fm/adchoices

The pause in the general market indexes continued but that wasn’t true of these stocks. Carpenter Technology flew past a cup-with-handle buy point at 71.30. Amazon.com is still buyable past a 145.86 consolidation and Elf Beauty popped out of a short pause after retaking its 50-day moving average line. Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes had a quiet, half-day session after Thanksgiving, but finished with modest weekly gains, extending the strong gains this month. Novo Nordisk broke out of a new base on plans to bring weight-loss Wegovy to Japan and other new markets early next year. Taiwan Semiconductor is setting up with First Citizens Bancshares also just below a buy point. Learn more about your ad choices. Visit megaphone.fm/adchoices

Stock indexes closed moderately higher. Nvidia ‘sold the news’ after earnings, but the stock held up relatively well after another bullish quarter. Oil fell 4% to $74.45 a barrel after OPEC delayed a meeting set for Sunday. That fueled rumors of disagreement over production cuts. Stocks to watch include Advanced Micro Devices, ARM Holdings and Comfort Systems. Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes retreated Tuesday, with investors cautious heading into Nvidia earnings. The rally still looks healthy, though many leading stocks are extended. Booking Holdings and Carpenter Technology are setting up, while Chinese retailer Miniso sold off despite strong earnings. Learn more about your ad choices. Visit megaphone.fm/adchoices

After a strong week last week, the market continued higher with more gains. The market is getting its pre-game workout in ahead of the sleepy turkey holiday on Thursday. Friday will be a half day. Eli Lilly made a run at 600 but volume trickled off by the end of the day. Transdigm saw a pullback to an important area of support and Palo Alto Networks is recovering after a negative reaction to its latest earnings report. Learn more about your ad choices. Visit megaphone.fm/adchoices

The stock market capped another strong week. The major indexes enjoyed slim Friday gains as they pause somewhat, but definitely aren’t pulling back. Small caps outperformed despite hitting resistance. Nvidia earnings loom large for AI stocks and the market rally. Novo Nordisk and MongoDB also are showing strength. Learn more about your ad choices. Visit megaphone.fm/adchoices

The stock market held up relatively well in light of earnings sell-offs for Walmart, Cisco Systems and Palo Alto Networks. Bond yields fell after some Fed-friendly economic data that showed jobless claims up more than expected and weak manufacturing data. Monday.com, Ryanair and Chipotle have been rising in heavy volume, a rarity in the stock market these days. Learn more about your ad choices. Visit megaphone.fm/adchoices

Some of the market’s most beaten-down merchandise made the biggest moves Wednesday, while several top-rated growth stocks came under selling pressure after big gains over the past two weeks. Netflix, Howmet Aerospace and United Rentals are showing relative strength, but don’t chase them at current levels. Learn more about your ad choices. Visit megaphone.fm/adchoices

The market rally had a broad, powerful rally, fueled by plunging Treasury yields after a tame inflation report. A large number of stocks flashed new buy signals from a variety of sectors. DraftKings offered a new entry, while Toll Brothers broke out and Super Micro surged to top aggressive buy points. Learn more about your ad choices. Visit megaphone.fm/adchoices

After a strong showing last week, the Nasdaq composite wasn’t willing to give up much ground. The S&P 500 is right there with it. But there is still a divergence with the other major indexes and breadth is still narrow. A pause could give other members a chance to catch up to the leaders. Shopify is going sideways after a strong earnings reaction and is looking at a double-bottom entry. DoorDash already broke out of its double bottom but had a second-chance offering at the buy point. Li Auto looks poised to shake off China weakness again as it breaks its downtrend but be careful of extra volatility. Learn more about your ad choices. Visit megaphone.fm/adchoices

After Thursday’s retreat, the market rally looked like it was ready to pause. But bulls want to run. The major indexes roared back Friday to above October highs. More leading stocks flashed buy signals, with Taiwan Semiconductor sales fueling chips. MercadoLibre is setting up after its earnings gap while General Electric is right around buy points. Learn more about your ad choices. Visit megaphone.fm/adchoices

Small caps lagged badly again and breadth was nearly 3-to-1 negative on both exchanges. The Nasdaq halted a nine-session win streak and marked a distribution day, its first since the Nov. 1 follow-through day. TJX held up well ahead of next week’s earnings report, while Palantir and homebuilder PulteGroup have been drifting lower in light volume. Learn more about your ad choices. Visit megaphone.fm/adchoices

Stocks are continuing to pause, which is constructive. One area of potential concern could be the small caps, which posted an outsized decline even though the 10-year yield continued to back off. Axon stock broke out on earnings, while Eli Lilly jumped on drug approval news. Dell is continuing to hold in a buy range with a bullish relative strength line. Learn more about your ad choices. Visit megaphone.fm/adchoices

Indexes took a pause on Monday but held on the gains of last week despite a boost in the 10-year Treasury yield. As for stocks, Dell broke out of a double bottom while Eli Lilly bounced strongly from its 50-day moving average line. XPO retook an old double-bottom breakout early last week and has slowly been adding to the gains. Learn more about your ad choices. Visit megaphone.fm/adchoices

Indexes took a pause on Monday but held on the gains of last week despite a boost in the 10-year Treasury yield. As for stocks, Dell broke out of a double bottom while Eli Lilly bounced strongly from its 50-day moving average line. XPO retook an old double-bottom breakout early last week and has slowly been adding to the gains. Learn more about your ad choices. Visit megaphone.fm/adchoices

The market had another huge gain, once again fueled by tumbling Treasury yields. The major indexes all retook their 50-day lines to cap a big week. DraftKings vaulted higher on earnings while Zscaler offered a bullish rebound as more stocks flashed buy signals. Nvidia moved above a key level. Learn more about your ad choices. Visit megaphone.fm/adchoices

The market had a nice follow-up to the change in outlook Wednesday. Indexes saw broad gains with lots of participation. A number of stocks broke downtrends including Uber, Pulte Group, and Ferrari. Learn more about your ad choices. Visit megaphone.fm/adchoices

The market rallied gained steam in higher volume as Fed chief Jerome Powell signaled no more rate hikes. Tech titans Microsoft, Meta Platforms and Amazon flashed buy signals. Learn more about your ad choices. Visit megaphone.fm/adchoices

Indexes traded lower Tuesday morning, but reversed modestly higher, with the Nasdaq moving above the 200-day line. It’s still not a confirmed rally, with the Fed meeting announcement due Wednesday. Arista Networks and Cameco gapped up on earnings, while ELF Beauty plunged ahead of its results. Learn more about your ad choices. Visit megaphone.fm/adchoices

Indexes started strong but started to look shaky shortly after the open. Still the recovery throughout the day didn’t necessarily breach intraday highs but closed on a better note. A number of stocks that were trading below their 50-day lines have now moved up above them including Meta Platforms and Ollie’s Bargain Outlet. Meanwhile, over in aerospace and defense, a strong relative strength line is leading FTAI Aviation into new highs. Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes fell this week to multimonth lows, while the Russell 2000 hit its worst level since 2020. Microsoft, UnitedHealth and Weatherford are three stocks holding up relatively well with earnings out of the way. Learn more about your ad choices. Visit megaphone.fm/adchoices

The S&P 500 and Nasdaq composite fell further as earnings season puts another level of pressure on indexes. Walmart is holding up though as it carves out a shallow base. TechnipFMC got a boost from its latest earnings but was already resisting the downtrend while Arista Networks reacted negatively to Meta earnings showing how quickly stocks that are holding up can change. Learn more about your ad choices. Visit megaphone.fm/adchoices

The S&P 500 and Nasdaq composite fell sharply, undercutting their recent lows, ending their short-lived rally attempts. Treasury yields ran up while big earnings were mixed at best. Google plunged on weak cloud results. Vertiv whipsawed lower on its mixed results, while CME rebounded from steep early losses. Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes rose Tuesday, but a rally attempt is just getting started as a huge earnings wave kicks off. International Seaways is near a buy point, while GE jumped above key levels on strong earnings. But Fair Isaac tumbled on a rival’s weak results. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Nasdaq undercut its rally day lows early but bounced back. Was it enough? More evidence is needed. Duolingo remains worthy of watching as it got support at its 50-day line. Meanwhile, PDD and Vertex Pharmaceuticals both found support at their 21-day lines. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Nasdaq nearly undercut recent lows while the S&P 500 tested its 200-day line and the Russell 2000 hit a 52-week low, as high bond yields pressure stocks. Microsoft, Meta and Google lead an earnings wave, with the three titans holding up relatively well. Learn more about your ad choices. Visit megaphone.fm/adchoices

Fed Chairman Jerome Powell signaled no rush to hike rates again amid a soaring 10-year Treasury yield. WTI crude oil futures spiked above $90 a barrel amid soaring gasoline prices. Tesla sold off after reporting earnings; Zscaler reversed lower despite an upgrade and big price target hike, while small-cap software stock Vertex is still showing strength. Learn more about your ad choices. Visit megaphone.fm/adchoices

The 10-year Treasury yield rose above 4.90% for the first time since 2007. WTI crude oil settled at $88.32 a barrel, up 1.9%, as oil and gas stocks outperformed. Decliners beat advancers on the NYSE by 5 to 1. Cadence Design Systems is retesting a prior buy area; Axon is in a buy zone, and Braze is showing strength as it forms a new base. Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes came off lows but also hit resistance, though small caps had a strong session. Treasury yields soared toward 16-year highs. The S&P 500 and Nasdaq are still stuck in a range. Learn more about your ad choices. Visit megaphone.fm/adchoices

Given the poor finish on Friday it was nice to see a rebound, but the indexes still have some work to do. It was still an inside day for a lot of stocks and the 50-day line is still looming as potential resistance. Lululemon jumped on an addition to the S&P 500, KLA is showing strength among semiconductors and AeroVironment is worth a revisit as it breaks a downtrend. Learn more about your ad choices. Visit megaphone.fm/adchoices

After a strong start to the week, the major indexes and leading stocks had a rough finish. The Nasdaq, which reclaimed its 50-day line on Wednesday, fell sharply Friday. Leading stocks struggled. Tesla fell back toward its 50-day ahead of earnings. Sterling Construction plunged. Energy was an exception, with Weatherford advancing with oil prices. Learn more about your ad choices. Visit megaphone.fm/adchoices

Headline consumer prices were slightly hotter than expected, but core prices were in line. The 10-year Treasury yield reversed sharply higher after hitting a low of 4.53%. Published reports blamed a weak 30-year Treasury auction. The U.S. dollar also surged, fueling negative sentiment. Biotech Vertex is showing relative; KLA rallied for the sixth time in seven trading sessions; MakeMyTrip continues to hold above its 10-week line. Learn more about your ad choices. Visit megaphone.fm/adchoices