Stock Market Today With IBD

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

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