Stock Market Today With IBD

Indexes showed another good day and the participation is starting to broaden out as shown by the equal-weighted indexes. Stocks showing buy signals are also increasing including Cadence Design, ASML, and Netflix. Learn more about your ad choices. Visit megaphone.fm/adchoices

The market rebounded bullishly on rising optimism for a debt-ceiling deal. The Nasdaq hit a fresh 2023 high, the Dow Jones reclaimed its 50-day line. Several stocks broke out or flashed buy signals, including Royal Caribbean, Taiwan Semiconductor and ServiceNow. Learn more about your ad choices. Visit megaphone.fm/adchoices

Indexes had a mixed session, as tech titans kept the Nasdaq positive. But other indexes fell while market breadth was terrible, though chips are a bright spot, including Advanced Micro Devices and Axcelis Technologies. On Holding tumbled following Q1 earnings, but the athletic shoemaker tried to find its footing at key support. Learn more about your ad choices. Visit megaphone.fm/adchoices

Indexes had a decent gain on Monday but there’s not much to buy out there despite the index strength. Array Technologies followed up on strength from last week while Lam Research and Flywire moved out of trading ranges. Learn more about your ad choices. Visit megaphone.fm/adchoices

Indexes retreated Friday, ending a week in which the Nasdaq hit 2023 highs thanks to megacaps but most stocks fell. On Semiconductor, Kinsale Capital and Trade Desk all tried to clear buy points but hit resistance. Learn more about your ad choices. Visit megaphone.fm/adchoices

Indexes were mixed on Thursday but the megacap stocks continued to shine. Amazon.com followed up on its move above its 200-day line. Meta moved higher as it holds its earnings gains. Over in health, Shockwave scores a breakout. Learn more about your ad choices. Visit megaphone.fm/adchoices

The market opened with the Nasdaq hitting 2023 highs, fueled by a tame inflation report. The Nasdaq faded, but got a big afternoon boost from Google’s AI push. But the other indexes and equal-weight ETFs lagged. Google made a bullish move, while Flywire flirted with buy signals before fading. Axon Enterprise plunged on earnings. Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes fell slightly, continuing near 2023 highs but unable to punch higher. Salesforce and MongoDB flashed buy signals Tuesday, while Shockwave flirted with an early entry after earnings. Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes didn’t move much on Monday but they didn’t give up ground from Friday’s gains. After hitting its head multiple times at resistance around the Feb. 2 high, the Nasdaq composite is looking at overcoming resistance. But is this time for real? Meanwhile, AMD and Netflix cross above downtrends and Las Vegas Sands shows an orderly pullback after gains. Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes ended a four-day slide with big gains Friday, fueled by banks, Apple and a strong jobs report. The Nasdaq and other indexes are back near 2023 highs - just as they were a week ago. Buying opportunities remain scarce, though DraftKings gapped out of a base and Visa moved back into a buy area. TJX is setting up near an entry. Learn more about your ad choices. Visit megaphone.fm/adchoices

The SPDR Regional Banking ETF dropped sharply amid liquidity concerns for PacWest Bancorp and Western Alliance. Volume rose on the NYSE, giving the S&P 500 another distribution day. Shopify and Lantheus were earnings standouts, while gold producer Agnico-Eagle Mines cleared a cup-with-handle base. Learn more about your ad choices. Visit megaphone.fm/adchoices

Stocks were volatile after the Federal Reserve, as expected, raised the fed funds rate by another 25 basis points to 5% to 5.25%. But recession concerns are still out there in spades. Buyers pushed Uber higher again after a bullish Q1 report; ELF recovered after an early downdraft, while Inspire Medical jumped on earnings. Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes fell heading into the Fed meeting decision, with banks plunging and energy stocks selling off. Gold plays did well, including the gold miner ETF GDX. Marriott broke out on earnings amid positive travel trends. Arista Networks became the latest growth stocks to plunge on earnings. Learn more about your ad choices. Visit megaphone.fm/adchoices

Indexes took a breather after the strong gains closing out the prior week. Not unexpected for things to go quiet before the Fed Meeting on Wednesday. On Semiconductor is bouncing back after earnings, but Weatherford reversed from a breakout while Dynatrace is setting up ahead of its earning in a few weeks. Learn more about your ad choices. Visit megaphone.fm/adchoices

Indexes closed out the week with decent gains, with market breadth strong late in the week. AMD and InMode are setting up, but both have earnings next week. Dexcom fell Friday on results, but is not far from a buy point. Learn more about your ad choices. Visit megaphone.fm/adchoices

Indexes strengthened and closed near session highs as large-cap technology stocks outperformed again. Advancing stocks beat decliners on the Nasdaq by around 2-to-1. Mastercard rallied on earnings; strong earnings from Churchill Downs helped lift Boyd Gaming, while Installed Building Products reclaimed a buy point. Learn more about your ad choices. Visit megaphone.fm/adchoices

Sellers were in the stock market again after Tuesday’s selloff. The Nasdaq composite pared a 1.4% intraday gain to 0.5% by the close despite a strong quarter from Microsoft. Skechers and Zimmer Biomet continue to show relative strength. Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes suffered damage on banking and China fears ahead of big earnings. Leading stocks were worse, with Rambus plunging and ServiceNow testing key support. BJ’s Wholesale is holding near a buy point. Learn more about your ad choices. Visit megaphone.fm/adchoices

While some of the technical action is improving in stocks, volume is strikingly missing. Hologic showed a breakout today with decreasing volume and Souther Copper and Alamos Gold got health bounces without volume. Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes continued to trade tightly over the latest week, but a flood of earnings could be a market catalyst up or down. Arista Networks is trying to find support with key customers on tap. TJX is flashing early entries. JPMorgan is battling back. Learn more about your ad choices. Visit megaphone.fm/adchoices

An earnings sell-off for Tesla weighed on sentiment as declining stocks beat advancers by more than 2-to-1 on both exchanges. Preliminary data showed lower volume on the Nasdaq. Lam Research popped on earnings; SPS Commerce is near highs ahead of next week’s earnings report, while IBP topped a new entry. Learn more about your ad choices. Visit megaphone.fm/adchoices

Indexes rallied off lows for the fourth time in five trading sessions. Health care stocks dominated the upside, helped in part by a strong earnings report from Intuitive Surgical. But weak earnings from Elevance Health fueled a sell-off in health insurers. Western Alliance gapped up on earnings, while HubSpot is still in a buy zone. Learn more about your ad choices. Visit megaphone.fm/adchoices

Indexes didn’t move much, continuing to trade tightly, near 2023 highs. Mobileye and Lockheed Martin flashed buy signals, while Las Vegas Sands is near a breakout with earnings on tap. Learn more about your ad choices. Visit megaphone.fm/adchoices

Indexes made progress but it isn’t easy out there. Chip stocks struggled and we’ll look at Broadcom getting support. Plus setups in DoubleVerify and Floor & Decor. Learn more about your ad choices. Visit megaphone.fm/adchoices

The stock market rally advanced this week, with Thursday’s big gains offsetting some downside reversals. It was a tricky week for new buys. Netflix and Tesla aren’t far from buy points with earnings looming. LULU stock is trading tightly after a big earnings gap. Learn more about your ad choices. Visit megaphone.fm/adchoices

Several top-rated growth stocks scored big percentage gains, but volume stayed light in many names. Sentiment was positive after producer prices unexpectedly fell in March, but the market is still learning toward another quarter-point hike at the May 3 meeting. Southern Copper, Visa, and Apple are all near buy points. Learn more about your ad choices. Visit megaphone.fm/adchoices

The stock market initially responded positively to news that consumer prices rose 5% year over year, well below February’s reading of 6%. Growth stocks came under more selling pressure, but Lululemon and CRM continue to trade well post-earnings, while Atlas Energy is trying to clear an IPO base. Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes wilted in the final hour of trading, but still healthy. A number of stocks flashing buy signals. Builders FirstSource, D.R. Horton and Shockwave Medical did so in higher volume. The CPI inflation report is due early Wednesday. Learn more about your ad choices. Visit megaphone.fm/adchoices

A weak start for the indexes didn’t look nearly as bad at the close. That’s even with mega-cap techs dragging indexes down. Five Below showed a breakout, Crocs found support at its 50-day line and Rambus got support at its 10-day line. Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes closed the week mixed after normal, healthy looking pullbacks, though many leading stocks had sharp losses. Google broke out Friday, while Alibaba flashed an aggressive entry. Intuitive Surgical is flirting with an early buy point. Learn more about your ad choices. Visit megaphone.fm/adchoices

The NYSE indexes held up better than the Nasdaq composite as several top-rated growth stocks fell sharply. Despite the harsh selling, the Nasdaq is testing its 10-day moving average and holding near the 12,000 level. Rambus held up well despite selling in the chip sector, but Deere plunged through a long-term support level. Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes fell as declining job openings raised recession fears. Megacaps held up while ServiceNow showed strength. But market breadth was anemic, with “real economy” stocks such as Atkore selling off hard. C3.ai plunged on short-seller allegations. Learn more about your ad choices. Visit megaphone.fm/adchoices

Indexes digested the gains of last week on Monday. Tech took a little breather and oil led the day on an OPEC+ announcement of production cuts. Chevron helped the Dow Jones Industrial Average charge ahead but it’s still weak. Super Micro Computer followed up on a 21-day line bounce and Monolithic Power is setting up a cup with handle. Learn more about your ad choices. Visit megaphone.fm/adchoices

The market rally staged a decisive bull turn starting Wednesday and closed Friday near weekly highs. A growing number of stocks are flashing buy signals, including ServiceNow. Tesla also broke out, but with some caveats. Aehr Test Systems, which has been a leader, gapped lower on earnings. Learn more about your ad choices. Visit megaphone.fm/adchoices

Advancing stocks had a slight edge over decliners on the Nasdaq, while breadth was slightly better than 2-to-1 positive on the NYSE. The Nasdaq composite reclaimed the 12,000 level, helped by another day of outperformance for semiconductor stocks. Financial stocks lagged. Learn more about your ad choices. Visit megaphone.fm/adchoices

Major stock indexes strengthened into the close as buyers dictated the action. The S&P 500 showed key technical action by climbing above the 4,000 level and its 50-day moving average. The Nasdaq composite gapped up but still needs to punch through the 12,000 level. The session delivered several strong gainers, including technical breakouts for Workday, Rambus and Tradeweb Markets Learn more about your ad choices. Visit megaphone.fm/adchoices

It was a relatively quiet day, with the Nasdaq holding key support and the S&P 500 trading below key levels. The Dow Jones and Russell 2000 had inside days. Megacaps retreated, with Microsoft low slightly below a buy point. Shift4Payments, after holding key levels, is nearing a possible entry. Manufactured homemaker Skyline Champion is flashing a buy signal. Learn more about your ad choices. Visit megaphone.fm/adchoices

Money flowed out of bonds, sending the 10-year Treasury yield higher by 15 points to 3.52%. Financial stocks rallied, lifting the Russell 2000 small-cap index to a day of outperformance. JPMorgan, Goldman Sachs, and American Express led the Dow Jones. Tenable and Ulta Beauty are forming new bases, while Smartsheet is pulling back in light volume. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Nasdaq led the major indexes higher for the week, but there were big highs and lows. The Russell 2000 hit 2023 lows as bank stocks kept tumbling, though they steadied somewhat Friday. PagerDuty, MercadoLibre and Meritage Homes are setting up. But this is still a divided, volatile market rally attempt. Bec cautious. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Nasdaq composite surged 2.5% intraday but closed near lows after rallying close to the 12,000 level again. The S&P 500 also pared gains and took out Wednesday’s low after another attempt to reclaim the 4000 level. KB Home jumped after reporting earnings, Flywire fell in light volume for the second straight session while MarketAxess halted a three-session slide. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Federal Reserve, as expected raised its key lending rate by another quarter point to a range of 4.75% to 5%. It sees the terminal rate at 5.1% by the end of the year, which implies one more rate hike. The Nasdaq composite and S&P 500 ran into key resistance levels before turning lower, but Microsoft, Lam Research and Meritage Homes held up relatively well. Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes rebounded as Treasury Secretary Janet Yellen said the U.S. would do more to protect bank deposits if needed. But volume was light heading into the Fed rate hike decision. On Holding blasted out of base on strong results and guidance. Aehr Test Systems surged as many chip plays backed off early gains. Google flashed a possible early entry as it released its AI chatbot Bard for testing. Learn more about your ad choices. Visit megaphone.fm/adchoices

Financials and energy saw brutal losses last week but tried to make a stand on Monday. Meanwhile, tech lagged a bit after outperforming recently. Cyber security firm Palo Alto Networks is holding near a recent buy point and Booking.com and First Solar are potentially actionable with bounces from moving average lines. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Nasdaq rose strongly last week, reclaiming all the moving averages. But the other indexes are below those key levels amid the ongoing bank crisis. Chip stocks remain strong, with Aehr Test Systems forging a new base. Lennar rebounded from key levels. Chinese e-commerce giant PDD is setting up with earnings on tap. Learn more about your ad choices. Visit megaphone.fm/adchoices

Stock indexes reversed sharply higher after the Wall Street Journal reported that JPMorgan and other big banks were in talks with First Republic Bank about a capital infusion. The dollar amount of $30 billion was confirmed late in the session. Winners beat losers on the Nasdaq by more than 2-to-1. Learn more about your ad choices. Visit megaphone.fm/adchoices

Stock indexes fell but closed off lows Wednesday as investors flocked to bonds again. Sentiment turned positive in the afternoon after Switzerland said it would provide liquidity to Credit Suisse if needed. A lower interest-rate environment fueled more buying in large-cap technology stocks. Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes rose Tuesday, but came well off their late morning highs. Bank stocks surged at the open but then came well off early highs. Facebook parent Meta Platforms flashed a buy signal, Boeing flirted with an entry while Fortinet is setting up. All are showing relative strength. Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes started uncertain despite efforts to shore up concern from depositors at failed banks. While waiting for the dust to settle, it’s a good idea to keep watch lists fresh with stocks holding up well in the volatility. Long-term leader MSCI, and tech stocks Monolithic Power and Cadence Designs have relative strength and support going for them. Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes sold off sharply for the week, breaking through multiple support levels, first on Fed rate hike fears and then on banking woes. JPMorgan bounced on Friday, a positive sign, while Palo Alto Networks and Meta Platforms are holding near buy points. But investors should largely be in cash. Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes applauded jobless claims early but fell below support levels as the day wore on. Financials were the hardest hit and dropped the S&P 500 and Nasdaq composite below key support levels. Still, there were some stocks holding up during the selling including Toro, GE and Iridium. Learn more about your ad choices. Visit megaphone.fm/adchoices