Stock Market Today With IBD

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

The major indexes were mixed Tuesday amid a flurry of earnings. Despite Treasury yields and the dollar running up again, the Nasdaq’s losses were modest. Arista Networks was a big earnings winner while EV-exposed chipmaker Allegro MicroSystems sold off. Oracle is trading tightly, near an early entry. Learn more about your ad choices. Visit megaphone.fm/adchoices

After a strong rebound on Friday, indexes took a breather with tight action on Monday. Enterprise software remains a leading group and UiPath broke a downtrend in a handle white over in the construction space United Rentals showed similar action. Meanwhile, Chinese names continue to power higher and Trip.com is benefitting from that thrust as well as the pent-up demand for travel. Learn more about your ad choices. Visit megaphone.fm/adchoices

Despite Thursday’s ugly downside reversal, the major indexes had solid-to-strong weekly gains. Marvell Technology and SLB are trading near possible entries. Tesla stock has forged a handle buy point, but could use a longer pause to recharge. Learn more about your ad choices. Visit megaphone.fm/adchoices

After rising 1.6% intraday, the Nasdaq composite reversed lower in higher volume, adding another distribution day to the count. Breadth was negative even when the Nasdaq was positive. Nextracker cleared a short consolidation on strong earnings; Trane is just below a handle entry and CAT is in a buy zone. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Federal Reserve, as expected, hiked the federal funds rate by another 25 basis points to a range of 5.25% to 5.50%. The Nasdaq held up well even as several chip stocks came under heavy selling pressure. Paylocity is trading tightly after a big move, while Boeing and Dynatrace are still in buy zones. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Dow extended its win streak to 12 sessions, the S&P 500 hit a fresh rally high while the Nasdaq led Tuesday’s gains. Earnings season is about to hit fever pitch, with the Fed expected to hike rates Wednesday. Miniso, Nucor and Synopsys are three stocks flashing buy signals. Learn more about your ad choices. Visit megaphone.fm/adchoices

Energy helped bolster the S&P 500 and Dow Jones Industrial Average on Monday while the Nasdaq composite continued to digest gains above 14,000. DraftKings is tightening up ahead of its earnings next week. Halliburton is among energy stocks coming back to life and O’Reilly has an attractive earnings stability. Learn more about your ad choices. Visit megaphone.fm/adchoices

Despite Thursday’s growth stock sell-off, the major indexes are all near 15-month highs. A market pause or pullback would be healthy, creating new buying opportunities. A massive wave of earnings reports are on tap next week, including Microsoft and fellow Dow giants Boeing and Visa. Learn more about your ad choices. Visit megaphone.fm/adchoices

Earnings drove a wedge between the major indexes, with results lifting the Dow and hitting the Nasdaq. Taiwan Semiconductor contributed to tech woes, while CrowdStrike wiped out recent gains. But the Nasdaq and growth stocks generally look strong stepping back. Meanwhile, Novo Nordisk flashed a buy signal. Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes saw a lot of back-and-forth action but in the end, it refused to give up gains. While a lot of tech-related names are extended, non-tech firms are continuing to show strength as the rally broadens. Caesar’s Entertainment and Lululemon both showed breakouts and SLB looks like it could be taking a well deserved pause before another run. Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes had another strong session, with the Nasdaq turning higher as Microsoft spiked on aggressive AI pricing. But the tech-heavy index is increasingly extended. Non-tech firms Eli Lilly and Atkore flashed buy signals. Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes had another strong day with breakouts continuing. But is buying breakouts a good idea when the market gets extended? We analyze three potential breakouts including Chipotle Mexican Grill, AAON and Airbnb. Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes had a strong week, but pared gains or reversed lower Friday, with the Nasdaq looking extended. AMD erased strong gains Friday, while Rambus fell solidly as many recent buys fell back with the market. Eli Lilly made a nice move, right around a potential entry. Learn more about your ad choices. Visit megaphone.fm/adchoices

The U.S. dollar and bond yields plunged again, fueling another wave of buying in the technology sector. But the Nasdaq composite is starting to look overbought as the index gets extended from its 50-day moving average. On Holding and Rambus gave buy signals, while Copa Holding is trading tightly near its 10-week moving average. Learn more about your ad choices. Visit megaphone.fm/adchoices

Consumer prices rose less than expected in June, fueling another stock market rally. Investors bought bonds, sending the 10-year Treasury yield sharply lower. The U.S. dollar extended losses. Cava soared to a new high after its IPO last month, while Monolithic Power Systems and Shopify gave buy signals. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Nasdaq composite and S&P 500 rose slightly, but once again there was more strength elsewhere. Salesforce led several software stocks flashing buy signals. Caterpillar’s breakout underscores industrials’ leadership. Booking cleared an early entry as travel plays keep running. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Nasdaq composite and S&P 500 remained flat for most of the day. Underneath the surface, there was more strength as many growth stocks surged. Zscaler saw a strong bounce from its 21-day line, Flowserve broke out of a cup with handle and Expedia is right there at its own cup-with-handle buy point. Learn more about your ad choices. Visit megaphone.fm/adchoices

Stocks fell slightly for the week, but came off lows even with Treasury yields up sharply. Salesforce is holding key support, despite below an early entry. Tempur Sealy is trying to clear key resistance. SLB soared above key levels. The market rally is showing resilience near 2023 highs, but does it have much room to run? Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes fell in early trading after ADP payroll numbers came in hotter than expected. But rather than grinding lower, they recovered off their lows. Software helped in that regard with Microsoft, Adobe and HubSpot all trading tightly and refusing to give up gains. Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes fell slightly, with Meta and a few megacaps limiting losses. Market breadth was weak, but few losers showed much chart damage.Google flashed a buy signal. Monday.com reversed higher from key support and Flowserve held near a buy point. Learn more about your ad choices. Visit megaphone.fm/adchoices

It was a shortened day ahead of the holiday and while the action overall was mild, stocks continue to setup in a broad-based rally. We focus on travel today including Airbnb clearing resistance around 130. Travel booking was also doing well and Expedia is approaching a 114.37 buy point. You have to pay for that travel somehow and Visa cleared a 235 buy area last week after an early entry opportunity and is still hanging in a buy zone. Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes staged upside, outside weeks, rebounding from key support. The S&P 500 hit a fresh 14-month high. Many stocks flashed buy signals from a variety of sectors, including Nvidia, HubSpot and JPMorgan. But is the Nasdaq already extended again? Learn more about your ad choices. Visit megaphone.fm/adchoices

Some leading software stocks and homebuilders came under selling pressure, but major stock indexes turned in another resilient performance. The 10-year Treasury yield spiked on stronger than expected Q1 GDP data and an unexpected drop in weekly jobless claims. Visa and Tidewater are closing in on buy points, while Adobe is holding tight near highs after several up weeks in a row. Learn more about your ad choices. Visit megaphone.fm/adchoices

Growth stocks shined again in a mixed and mostly unchanged performance for the major stock indexes. Advancing stocks had a light edge over decliners on both exchanges. ServiceNow and Marvell Technology are holding gains well after recent earnings breakouts. Netflix gapped up, helped by positive comments from Oppeheimer. Learn more about your ad choices. Visit megaphone.fm/adchoices

Indexes rebounded from or back above the 21-day line Tuesday in above-average volume. The advance was broad-based with a number of stocks flashing buy signals, including United Airlines and FedEx Is the market pullback over? Learn more about your ad choices. Visit megaphone.fm/adchoices

Megacap stocks fell, some solidly, yet overall market breadth was positive. The Nasdaq is pulling back toward its 21-day. Nvidia retreated Monday, but still looks healthy. Lam Research and On Holding made bullish moves. Learn more about your ad choices. Visit megaphone.fm/adchoices

Stocks retreated this week, but the Nasdaq and S&P 500 are finding support. HubSpot is trading tightly while Rockwell Automation is holding above a buy point. Google stock, which was wilting mid-week, fought back. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Nasdaq ended a three-day losing streak, but remains elevated vs. moving averages. MongoDB, Super Micro and Lam Research rebounded from key levels, offering possible entries, but with clear risks. Market breadth was weak. Learn more about your ad choices. Visit megaphone.fm/adchoices

The stock market rally pulled back again Wednesday, with the Nasdaq leading the downside this time. Investors should watch leading stocks to see which hold up and which falter, such as Nvidia vs. AMD. Meanwhile, Chipotle flashed an early entry. Learn more about your ad choices. Visit megaphone.fm/adchoices

The stock market rally generally pulled back modestly Tuesday, but the Nasdaq resisted thanks to megacap leaders. Meritage Homes reclaimed a buy point while Lantheus and Allegro Microsystems flashed early entries, though ALGM stock pared gains significantly. Learn more about your ad choices. Visit megaphone.fm/adchoices

The stock market rally had a big week. The Nasdaq is extended, but only reluctantly retreated Friday. Investors may want to be cautious in the short run, but looking for new opportunities. McKesson broke out Friday, while Chipotle continues to trade tightly. AMD is retreating toward key levels. Learn more about your ad choices. Visit megaphone.fm/adchoices

The U.S. dollar fell hard again and bond yields dropped, one day after the Federal Reserve held interest rates steady but sounded a hawkish tone. The crop of extended stocks is getting larger by the day, but the train hasn’t left the station yet when it comes to software stocks like Procore Technologies, Intapp and Confluent. Learn more about your ad choices. Visit megaphone.fm/adchoices

Stocks recovered off lows even after the Federal Reserve raised its year-end fed funds rate forecast to 5.6%. Small caps lagged, but buyers lifted the Nasdaq and S&P 500 well off lows by the close. UnitedHealth Group weighed on the Dow, but bad news from the health insurer was good news for healthcare stocks like Steris, Stryker and Merit Medical Systems. Learn more about your ad choices. Visit megaphone.fm/adchoices

Small caps led while Nasdaq and S&P 500 hit fresh 52-week highs heading into the Fed decision. The Nasdaq is getting extended, with many leaders out of reach. Lattice Semiconductor, Vertex Pharmaceuticals and Freeport-McMoran are flashing buy signals. But investors need patience. Learn more about your ad choices. Visit megaphone.fm/adchoices

Tech stocks led as the Nasdaq extended gains higher. In the travel sector, Ryanair formed a three-weeks-tight pattern and continued tight trading. MongoDB formed a short-stroke pattern and moved higher and Shockwave Medical continued to set up in a cup with handle. Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes were little changed for the week. But market breadth improved, with solid gains for small caps and midcaps despite cooling late in the week. The lofty Nasdaq and the looming Fed meeting offer reasons to be cautious amid the bullish trends. On Holding flashed a buy signal Friday with Boeing in buy range and Nvidia setting up. Learn more about your ad choices. Visit megaphone.fm/adchoices

Small caps lagged but IWM fought off lows by the close. Breadth wasn’t great as declining stocks had a slight edge over advancers on both exchanges. Monday.com is back in a buy zone; ITCI is bouncing off its 10-week moving average, and Adobe is near the top of a long consolidation ahead of next week’s earnings report. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Russell 2000 small-cap index outperformed again, but several software stocks came under heavy selling pressure. Volume rose, giving the Nasdaq composite and S&P 500 another distribution day. Workday looks ready to test the 200 level; DigitalOcean halted an eight-session win streak, while Meritage Homes topped a new buy point. Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes had another relatively quiet session, but market breadth was strong, with small- and mid-cap stocks rising sharply to their best levels in nearly three months. Shopify decisively cleared a trendline, while TransMedics jumped from the 50-day line. Taiwan Semiconductor moved back into a buy zone. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Nasdaq went back to leading for the day while the Russell 2000 faltered. But in the perspective of Friday’s big gains, the indexes didn’t give up too much. Fortinet came out strongly above a handle area while Samsara followed up on Friday’s breakout. Meanwhile, Fluence Energy pulled back from its highs of the day but is still showing positive action. Learn more about your ad choices. Visit megaphone.fm/adchoices

Stock indexes rallied strongly on Friday and for the week. The Nasdaq continues to look strong, perhaps slightly extended. But notably, market breadth improved considerably, with the Dow Jones, Russell 2000 and the S&P 500 equal-weight ETF powering above key levels. Tesla broke out as several other stocks flashed early entries. Learn more about your ad choices. Visit megaphone.fm/adchoices

Stock indexes rallied broadly as investors grow more confident about a soft landing for the U.S. economy. Breadth improved with winners beating losers on the Nasdaq by about to 2-to-1. CrowdStrike recovered after an earnings downdraft; Cloudflare extended gains and Tidewater bounced off a key support level. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Nasdaq composite and S&P 500 halted three-session win streaks in orderly fashion. But declining stocks still had the upper hand over advancers on both exchanges. Extreme Networks extended gains and closed near the top of a 6-month consolidation, while Global-E Online and Datadog showed more relative strength. Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes closed mixed with the Nasdaq coming well off highs while the Dow was slightly lower for most of the session. Life Time Group and On Semiconductor cleared official buy points Tuesday morning, but reversed lower. Fluence Energy held much of its jump around buy points, but is extended from key levels. Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes rallied strongly on Friday. For the week, the Nasdaq roared, led by chip and AI plays such as Arista Networks. But the Dow Jones slipped amid weak market breadth. Smartsheet and Tesla are both near buy points. Learn more about your ad choices. Visit megaphone.fm/adchoices

Blue chips and small caps lagged and breadth was weak again, with declining stocks beating advancers on both exchanges by nearly 2-to-1. Nvidia soared more than 20% after guiding fiscal Q2 revenue about $4 billion above expectations. KLAC gave a buy signal; MNDY rallied again in fast trade and ELF soared on strong results. Learn more about your ad choices. Visit megaphone.fm/adchoices

The S&P 500 extended losses after the minutes from the early-May Federal Reserve meeting showed a divided Fed about the need for another rate hike in June. Growth stocks sold off again, but Palo Alto Networks, Dynatrace and Celsius were bright spots. Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes retreated while a number of stocks from leading groups fell sharply, including Las Vegas Sands and Meritage Homes. Alamos Gold made a bullish move. Learn more about your ad choices. Visit megaphone.fm/adchoices

Markets were mixed on Monday but it wasn’t all bad. Advancers beat decliners and if money moves aways from consumer staples, is growth the destination? Shopify tried to break above a downtrend, 10x Genomics moved out of a flat base, and Kinsale is setting up. Learn more about your ad choices. Visit megaphone.fm/adchoices