Stock Market Today With IBD

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

Indexes dipped Friday, but all rose for the week, but with the Nasdaq clearly leading. Chip and software names with an AI spin led the way, but Life Time Meritage Homes and MercadoLibre are setting up. Learn more about your ad choices. Visit megaphone.fm/adchoices

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