Stock Market Today With IBD

The first estimate to Q4 GDP came in much stronger than expected, fueling early positive sentiment. Winners beat losers on the Nasdaq by about 3 to 2, but the ratio was nearly 3 to 1 positive on the NYSE. Caterpillar topped a new buy point; Adobe is near highs as it builds a new base; Pinterest is holding support at its 10-week line. Learn more about your ad choices. Visit megaphone.fm/adchoices

Declining stocks had a slight edge over advancers on both exchanges. The 10-year Treasury yield reversed higher and closed above its 50-day line. Brazilian fintech XP gave back early gains after clearing a trendline; Expedia is holding support at its 10-week line; East West Bancorp reversed higher and is still in buy range after topping a 74.61 entry. Learn more about your ad choices. Visit megaphone.fm/adchoices

The stock market rally paused with the major indexes mixed, holding at 52-week or all-time highs. Snowflake broke out. CSX has traded tightly in a buy zone with earnings on tap. D.R. Horton plunged on earnings. Learn more about your ad choices. Visit megaphone.fm/adchoices

A gap up at the open for the major indexes gave up a lot of ground but still finished positive. But it was the small-caps that really led the way as yields came down. Real estate was on the rise and Digital Realty broke out of from a flat base. MongoDB broke above a downtrend and cleared an important 400 level again. Finally, semiconductor equipment maker ASML Holdings broke out from a cup with handle but it has earnings around the corner. Learn more about your ad choices. Visit megaphone.fm/adchoices

The S&P 500 hit a record high, as big techs led the way. Small caps fell for the week despite Friday’s bounce. However, market leadership remains robust. Super Micro skyrocketed out of a base on blowout preliminary results. Cloudflare and DraftKings are near early entries. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Nasdaq outperformed even as bond yields and the U.S. dollar rose again. But breadth was suspect again, with advancers only having a slight edge over decliners on both exchanges. TSMC gapped out of a cup with handle base; ARM is holding support at its 10-week line, while URI is pulling back in orderly fashion. Learn more about your ad choices. Visit megaphone.fm/adchoices

Decliners topped advancers on the NYSE by about 3.5-to-1. The ratio was around 2.5-to-1 negative on the Nasdaq. Retailer Burlington Stores has been stubborn about giving back recent gains, while Axon and Qualys have pulled back in orderly fashion. Learn more about your ad choices. Visit megaphone.fm/adchoices

The stock market rally pulled back Tuesday, with industrials, financials and homebuilders leading a broad retreat. Tech stocks held up relatively well, with some flashing buy signals, such as Elastic, Cadence Design and Rambus. Learn more about your ad choices. Visit megaphone.fm/adchoices

The stock market rally had a strong week, with the major indexes finishing near 52-week or all-time highs and many leading stocks flashing buy signals. Market breadth has been lackluster in the new year, but plenty of leading stocks have flashed buying opportunities, including Microsoft, MercadoLibre and Novo Nordisk. Learn more about your ad choices. Visit megaphone.fm/adchoices

The stock market rally retreated from highs, but erased solid losses by the close, helped by Treasury yields reversing lower. Netflix moved back into a buy zone. Shift4 Payments and Samsara flashed buy signals, rebounding from key support levels like many leading stocks. Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes gradually picked up steam in Wednesday’s trading, nearing 52-week or all-time highs. Tech giants led the way, including Microsoft and ServiceNow, which both flashed buy signals. GigaCloud Technology, which has been on a monster run, reversed sharply lower. Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes largely held Monday’s big rebound, with the Nasdaq finding support at the 21-day line. More leaders flashed buy signals, including Palo Alto Networks and Cameco. Howmet Aerospace is maintaining altitude within a buy zone, close to new entries as well. Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes got a strong start for the week as they built on gains throughout the day. The 10-year treasury yield may have trouble holding above 4% on the near term. In addition to tech, consumer stocks were alive and well with Lululemon Athletica turning a loss into a gain with support at its 21-day line. Home builders were strong as Toll Brothers popped back above 100. But it wasn’t all rosy. Boeing dropped on news which brings up loss-cutting strategies when stocks don’t work out. Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes tried to bounce Friday, but closed near weekly lows, snapping a nine-week win streak. The S&P 500 is trying to hold its 21-day line. Nvidia and Spotify showed bullish action, while PulteGroup was resilient despite rebounding Treasury yields. Learn more about your ad choices. Visit megaphone.fm/adchoices

Interest rates rose as weekly jobless claims fell more than expected, while private employers added 164,000 jobs, much more than expected. Merck and Amgen outperformed in the Dow Jones. Financial stocks also did well. Apollo Management and Novo Nordisk gave buy signals, while Fifth Third Bancorp continues to show strength and support ahead of a busy week of earnings reports in the financial sector. Learn more about your ad choices. Visit megaphone.fm/adchoices

Declining stocks beat advancers on the Nasdaq by about 3 to 1. The Nasdaq made a stand at its 21-day line Tuesday but closed below the support level. The 10-year Treasury yield reversed lower after hitting 4%. Blackstone is close to retesting a prior entry, while Shopify and Ryanair are near first tests of their 10-week lines. Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes started the year with losses, especially the Nasdaq, as chips, software and tech megacaps retreated. But market breadth wasn’t too bad. Celsius and Eli Lilly flashed early buy signals as they cleared trendlines. Microsoft is testing key support. Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes closed out the year with their ninth straight weekly gains, capping the Nasdaq’s best year since 2003. Some more buying opportunities are developing, with Nvidia near a traditional buy point, MercadoLibre consolidating after a recent run and Celsius flirting with an aggressive entry. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Russell 2000 halted a four-session win streak, but the small-cap index is still on pace for its 7th straight weekly gain. The Nasdaq and S&P 500 are working on nine straight up weeks, resulting in a frothy market. Two enterprise software stocks – Freshworks and UiPath – have the potential to be leaders in 2024, while China-based PDD is still showing strength after gapping up on earnings in late November. Learn more about your ad choices. Visit megaphone.fm/adchoices

Stocks traded near the flatline for most of Wednesday’s session, with advancers having a slight edge over decliners on both exchanges. With only two trading days left in 2023, the S&P 500 is closing in on an all-time high. Tesla gave an early buy signal ahead of Q4 delivery data; Vertex is holding gains well, and recent IPO Birkenstock isn’t far from an all-time high after an inauspicious debut in October. Learn more about your ad choices. Visit megaphone.fm/adchoices

Stocks continued to advance following the Christmas holiday weekend. The S&P 500 is near all-time highs, but there are reasons to be cautious about new buys before the new year. AppLovin and CBOE are consolidating, while Netflix is holding in a buy zone. Learn more about your ad choices. Visit megaphone.fm/adchoices

After Wednesday’s sell-off turned out to be a jump scare vs. a horror show, the major indexes rebounded for their eighth straight weekly gains. The Nasdaq is looking extended, along with many leaders. Nvidia has a new flat base, while Samsara is trading tightly and steel pipe play Tenaris flirts with buy signals. Learn more about your ad choices. Visit megaphone.fm/adchoices

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