Stock Market Today With IBD

Breadth was slightly negative on the Nasdaq but slightly positive on the NYSE. The minutes from the September Fed meeting showed the majority of officials favoring one more rate hike before the end of the year. Money flowed into bonds again, sending the 10-year Treasury yield lower for a second straight session. Adobe is back above its 10-week line as it forms a good base, while Parsons and Lennox International are near buy points. Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes continued to advance with Treasury yields tumbling, but the Nasdaq hit resistance at the 50-day line. Uber, Novo Nordisk and Super Micro triggered early entries, with SMCI making a powerful move. Learn more about your ad choices. Visit megaphone.fm/adchoices

Indexes shook off early weakness following attacks on Israel by Hamas and the subsequent declaration of war. Energy stocks won the day with Weatherford following up on Friday’s strength. Aerospace/Defense stocks also had a strong day including drone maker AeroVironment, and finally Vertiv is poised to move to new highs after already doubling in a few short months. Learn more about your ad choices. Visit megaphone.fm/adchoices

For a third straight session, the major indexes closed near highs, staging a big, bullish upside reversal on Friday. A number of leading stocks flashed buy signals, including the last three Stock Of The Day selections: Arista Networks, CrowdStrike and Eli Lilly. Learn more about your ad choices. Visit megaphone.fm/adchoices

The 10-year Treasury yield fell for the second straight session, fueling positive sentiment. But oil fell sharply for the second straight session on demand concerns. In the biotech space, Neurocrine Biosciences is setting up a good base, along with futures exchange operator CME Group. Remitly Global is making a solid test of its 10-week line. Learn more about your ad choices. Visit megaphone.fm/adchoices

Breadth was weak again on the Nasdaq, with winners beating losers by 4 to 3. Oil stocks sold off again as WTI crude oil futures slumped 5.6% to settle at $84.22 a barrel. Truck maker Paccar cleared a trendline as it forms a flat base; Tesla drew closer to a cup-with-handle buy point, while Duolingo reclaimed a 162.20 entry. Learn more about your ad choices. Visit megaphone.fm/adchoices

Strength in the labor market from the latest JOLTS report sent the 10-year yield soaring and puts more attention on the jobs report Friday. Market breadth continued to suffer as stocks got pummeled. Still, it’s a good idea to keep watch lists fresh with Alphabet and Halliburton showing potential support at their 50-day lines. But you could also have a watch list of stock to short like Ferrari. Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes tried to rally with a government shutdown averted, but the 10-year Treasury surged to a fresh 16-year high. Market breadth was terrible, with the Dow Jones, Russell 2000 and S&P MidCap 400 all hitting correction lows. Nvidia, Super Micro and Costco bucked the trend. Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes rebounded from Wednesday’s lows, but so far the rally attempt has been lackluster, with government shutdown fears weighing on stocks Friday. Arista Networks and Meta flashed buy signals Friday morning, but fell back. Zscaler held up relatively well. Learn more about your ad choices. Visit megaphone.fm/adchoices

Breadth was just OK on the Nasdaq, with advancers beating decliners by less than 2 to 1. Oil and gas stocks lagged after outperforming Wednesday. Tech stock Synopsys gave an early buy signal; logistics firm XPO surged to the top of a flat base, while investment manager Blackstone is retesting a buy area. Learn more about your ad choices. Visit megaphone.fm/adchoices

Buyers lifted the Nasdaq composite and S&P 500 off lows even as the 10-year yield and the U.S. dollar rose again. Breadth was slightly positive on both exchanges. Fabrinet is showing strength and support after surging on earnings; Arista Networks reclaimed its 50-day moving average, while Halliburton is still in a buy zone from a 41.08 entry. Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes returned to sharp losses Tuesday, hitting new lows for the market correction, as the 10-year Treasury yield kept rising. Neurocrine Biosciences, Meta Platforms, Nov are holding up relatively well. Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes rose slightly with the 10-year Treasury yield soaring. FedEx is nearing a buy point with Costco setting up ahead of earnings Tuesday night. Li Auto gapped lower. Learn more about your ad choices. Visit megaphone.fm/adchoices

The market was due for a bounce, but it quickly fizzled Friday. The major indexes broke lower for the week as the market fell into a correction. Tesla could be on the verge of breaking, joining other leading stocks. Meta Platforms and Vertex are holding up, for now. Learn more about your ad choices. Visit megaphone.fm/adchoices

Leading growth stocks got crushed again, but some health care stocks and insurers held up well. HSA administrator HealthEquity has been rising in heavy volume along with insurer Everest Group, while Amgen is holding gains well as it stays in a buy zone. Learn more about your ad choices. Visit megaphone.fm/adchoices

Sellers came into the market after the Federal Reserve, as expected, left the federal funds rate unchanged. The Nasdaq composite marked its fourth distribution day in 10 trading sessions. Lululemon moved back into a buy zone; Costco is near the top of a shallow base and CrowdStrike continues to hold gains well after gapping up on earnings. Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes fell slightly with Treasury yields hitting long-term highs ahead of the Fed decision. The Nasdaq and S&P 500 closed just above critical levels. Elf Beauty is the latest leading stock to crack, even as Duolingo holds in a buy zone and Uber sets up. Learn more about your ad choices. Visit megaphone.fm/adchoices

Small caps lagged, but the other major stock indexes didn’t move much as Wall Street awaited the start of the two-day Federal Reserve meeting. China-based PDD is trading tightly post-earnings, while LPL Financial is still in a buy zone. DraftKings is setting up in a new base. Learn more about your ad choices. Visit megaphone.fm/adchoices

A day after reclaiming the 50-day line, the major indexes fell back hard on Friday, as the market continues to swing quickly between bullish and bearish signals. Samsara has round-tripped a powerful earnings gain. Caterpillar is holding up while Brazil’s XP showed strong action Friday. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Nasdaq composite, S&P 500 and Dow Jones rallied sharply and closed above their 50-day moving averages. Sentiment was positive as the odds for another rate hike before the end of the year shrink. Booking Holdings, Jacob Solutions and FirstWatch all gave buy signals. Learn more about your ad choices. Visit megaphone.fm/adchoices

The 10-year Treasury yield reversed lower after hitting a high of 4.34%. Oil and gas, airline and solar stocks lagged. Airbnb halted a four-session win streak, but continues to hold above key support levels. Cadence Design Systems outperformed, but Ingersoll Rand flashed a sell signal. Learn more about your ad choices. Visit megaphone.fm/adchoices

The S&P 500 and Nasdaq retreated below the 50-day line one day after Monday’s advance. Apple unveiled the iPhone 15 but shares fell, continuing a bad stretch. GE extended Monday’s bounce from the 50-day line while solar play Nextracker is setting up. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Nasdaq composite led for the day with a move above its 50-day moving average but the breadth still has a ways to go. Tesla jumped above its 50-day line on an analyst upgrade, Meta joined it with a move above its 50-day on reports of a ChatGPT rival and Trane Technologies broke out to all-time highs. Learn more about your ad choices. Visit megaphone.fm/adchoices

A Friday bounce fizzled as the S&P 500 and Nasdaq hit resistance near their 50-day moving averages, capping a rough week. It wouldn’t take much for the market rally to take a bullish or bearish turn. Software giants Shopify and Microsoft are acting well while Marriott rebounded bullishly. Learn more about your ad choices. Visit megaphone.fm/adchoices

The S&P 500 and Nasdaq saw more serious breaches of their 50-day moving averages, but they’re still holding above the Aug. 29 low of the follow-through day. Amazon.com is showing leadership among the FANG stocks as it bounced from its 50-day line, Nutanix is holding its earnings gap gains, and Nucor is tightening up after a long deep base. Learn more about your ad choices. Visit megaphone.fm/adchoices

The S&P 500 and Nasdaq undercut their 50-day moving averages, at least intraday, following stronger-than-expected economic data. A close below the low of the Aug. 29 follow-through day would be bearish. But for now, Meta, Uber and Shopify appear to be setting up. Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes were narrowly mixed once again, holding up despite another big rise in Treasury yields. But market breadth was weak, with housing stocks such as Toll Brothers falling solidly. Oracle flashed an early entry, while GE trades tightly. Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes were mixed again on Friday, pausing to end a strong week of gains. It’s a confirmed market rally, so investors should be taking part, but not losing their heads. Baker Hughes flashed a buy signal while IOT stock blasted higher. Tesla fell back from a key level amid a slew of big news. Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes had a mixed session Thursday, though growth stocks generally advanced. More stocks flashed buy signals, such as Amazon. Meta Platforms and General Electric are setting up. All eyes turn to the Friday jobs report with Treasury yields tumbling this week on economic data. Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes piled more gains on top of Tuesday's bullish signal. Credit card giant Visa broke out of a flat base but gave up initial gains. Oil driller Valaris offered an early entry as it broke a downtrend in its handle, and FedEx got an extra bounce from its 50-day line. Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes rallied above their 50-day moving averages in higher volume as Treasury yields and Fed rate-hike odds fell on weak jobs data. EV startup Li Auto blasted above its 21-day line, helped by some China optimism. Oracle is right around early entries while e-commerce giant MercadoLibre made a bullish bounce. Learn more about your ad choices. Visit megaphone.fm/adchoices

Stocks burst higher at the open but quickly went back and forth the rest of the day. It’s not a market that’s proving itself ready to resume its uptrend yet. Outside of tech, some names setting up include oil machinery stock Cactus tightening up in a handle after a nice run up the right side of its base. Hubbell is on the verge of a flat base entry and Ollie’s Bargain Outlet showed a nice bounce ahead of its earnings report later this week. Learn more about your ad choices. Visit megaphone.fm/adchoices

Despite Thursday’s ugly reversals, the Nasdaq and S&P 500 had solid weekly gains. Nvidia remains key to the market’s health. Outside of tech, Dow giant Caterpillar is holding up well while insurance broker Marsh & McLennan flashes a buy signal. Learn more about your ad choices. Visit megaphone.fm/adchoices

The 10-year Treasury yield and the U.S. dollar rallied ahead of Fed Chairman Jerome Powell’s speech in Jackson Hole Friday morning. Breadth was negative by more than 2 to 1 on both exchanges. Uber has managed to sidestep the selling, while oil and gas stocks like SLB and Weatherford are holding gains well after bullish moves. Learn more about your ad choices. Visit megaphone.fm/adchoices

Investors finally bought bonds, sending the 10-year Treasury yield lower by 14 bps to around 4.19%. Winners beat losers on the Nasdaq by just over 2 to 1. But the ratio was better on the NYSE at more than 3 to 1 positive. In the oil and gas sector, Tidewater and Oceaneering are finding support, along with Intuit in the technology sector. Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes gave up Tuesday morning gains while market breadth remained weak. It’s still a rally attempt within a correction, with all eyes turning to Nvidia earnings Wednesday night. Broadcom and ServiceNow are two AI plays that could be possible buys or sells after earnings. Oil services Baker Hughes is trading tightly. Learn more about your ad choices. Visit megaphone.fm/adchoices

Stocks looked like they were getting a nice follow-up to Friday’s bounce. But a lack of volume and breadth shows not all is right with the market yet. Still we are on the lookout for stocks setting up and Adobe seems to be finding support at its 10-week line, ADP is trading tight in its handle, and Arista Networks remains tight after its earnings gap. Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes closed well off Friday lows, but the market is in a correction. Diamond Offshore flashed an early entry as energy plays hold up well. Boeing and Google parent Alphabet are trying to hold above buy points. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Nasdaq composite gave back early gains and closed near its session low for the third straight session. But the index avoided its fourth distribution day in eight sessions as volume fell from Wednesday. More leaders like Meritage Homes and Meta Platforms lost their 50-day lines, but Li Auto is still holding above the support level. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Nasdaq fell below Monday’s low in higher volume, marking the 5th distribution day in 11 trading sessions. Losers beat winners on both exchanges by nearly 3 to 1. Insurers outperformed, helped by rising interest rates. Stocks to watch include XP, ATI and Chart Industries, which are all holding support at their 10-week lines. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Nasdaq fell back below its 50-day line, joined by the S&P 500. Nvidia continued to advance, flirting with new entries, even as many other leading stocks struggle. Oracle flashed an early entry, though. But On Holding once again sold off on earnings. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Nasdaq composite outperformed even as the 10-year yield rallied for the third straight session. Nvidia jumped above its 50-day line after a tough week. Stocks to watch include Adobe, which is holding support at its 10-week line, along with Fluor and Atlassian, which are holding gains well after big earnings moves. Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes were mixed last week but the Nasdaq fell below its 50-day moving average, with Nvidia and many other tech growth stocks doing the same. The S&P 500 is still holding the 50-day line as non-tech sectors hold up, but it is hitting 21-day resistance. JPMorgan and Flowserve are both near buy points. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Nasdaq composite jumped 1.6% during the first half hour of trading, but sellers eventually had the upper hand. The 10-year Treasury yield reversed sharply higher after hitting a low of around 3.96%. TechnipFMC is trading tightly near highs after a strong breakout; Lululemon is near the top of a lengthy consolidation, and Martin Marietta is still in a buy zone. Learn more about your ad choices. Visit megaphone.fm/adchoices

Several leading growth stocks fell hard again, weighing on the Nasdaq composite, which closed below its 50-day moving average for the first time since January. Oil and gas stocks outperformed again, including oil driller Valaris. Truck maker Paccar is in an alternate buy zone, while Interactive Brokers is near the top of a 21-week consolidation. Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes retreated, with the S&P 500 and Nasdaq nearing their 50-day moving averages before paring losses. Many leading growth stocks suffered hefty losses, including MongoDB. But market rally leader Nvidia continues to hold strong. SLB is flirting with a buy point after a brief shakeout Tuesday morning. Learn more about your ad choices. Visit megaphone.fm/adchoices

Major indexes were a little “whippy” early in the session but managed to finish with solid gains. Though the uptrend is under pressure, there are sectors and stocks resisting that pressure. MercadoLibre and United Rentals followed up on early entries and a pullback in Airbnb has been orderly. Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes tried to bounce Friday but reversed lower despite tumbling Treasury yields. That capped a tough week for the market rally, which is under pressure. That’s providing an opportunity for leading stocks to set up, including Broadcom, Delta Air Lines and Toll Brothers, investors should be cautious. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Nasdaq composite fell nearly 0.7% intraday but pared losses by the close ahead of Friday’s employment report. Investors sold bonds again, sending the 10-year Treasury yield sharply higher. Earnings reports from Apple and Amazon.com took center stage after the close. Stocks to watch include On Holding, Costco and Ameriprise Financial. Learn more about your ad choices. Visit megaphone.fm/adchoices

A wave of selling hit the stock market Wednesday after Fitch downgraded the U.S credit rating to AA+ from AAA. The 10-year Treasury yield hit its highest level since November and sellers swarmed around leading growth stocks. Vertex Pharmaceuticals had a positive response to earnings; Ollie’s Bargain Outlet is trading tightly near highs and insurer Arthur J. Gallagher is in a buy zone. Learn more about your ad choices. Visit megaphone.fm/adchoices