Stock Market Today With IBD

Short-Term Floor Flips To Short-Term Ceiling; Reddit, Netflix, DocuSign In Focus Nov 01, 2024

Mike Webster and Justin Nielsen walk through this week's technical action and stocks to watch in the Friday extended version of Stock Market Today.

Nasdaq Leads Sell-Off; Meta Platforms, GoDaddy, Netflix In Focus Oct 31, 2024

Alexis Garcia and Ed Carson walk through Thursday’s market action and discuss key stocks to watch in Stock Market Today.

Nasdaq Hits New High Again; Reddit, Alphabet, Eateries In Focus Oct 30, 2024

Alexis Garcia and David Saito-Chung walk through Wednesday’s market action and discuss key stocks to watch in Stock Market Today.

Nasdaq Hits High In Mixed Day; Waste Management, Brown & Brown, Samsara In Focus Oct 29, 2024

Alissa Coram and Ed Carson walk through Tuesday’s market action and discuss key stocks to watch in Stock Market Today.

Small Caps Recover, China Shines As Election Nears; JD.com, CRS, Nu In Focus Oct 28, 2024

Justin Nielsen and Alissa Coram walk through this day’s technical action on Monday’s version of the Stock Market Today.

Calm Before The Election/Earnings Storm; ONON, DUOL, ALAB In Focus Oct 25, 2024

Mike Webster and Justin Nielsen walk through this week's technical action and stocks to watch in the Friday extended version of Stock Market Today.

Nasdaq Rallies After Sell-Off: Tesla, Astera Labs, Rubrik In Focus Oct 24, 2024

Alexis Garcia and Ken Shreve analyze Thursday’s market action and discuss key stocks to watch in Stock Market Today.

Stocks Tumble On Interest Rate Worries; AT&T, Ryan Specialty, Alkami In Focus Oct 23, 2024

Alissa Coram and Ken Shreve analyze Wednesday’s market action and discuss key stocks to watch in Stock Market Today.

Market Rally Resilient As Microsoft Leads Megacap Techs; GM, Duolingo Also In Focus Oct 22, 2024

Alissa Coram and Ed Carson analyze Tuesday’s market action and discuss key stocks to watch in Stock Market Today.

Indexes Take A Break As Nvidia Shines; CBOE, Sweetgreen, Palo Alto In Focus Oct 21, 2024

Justin Nielsen and Alissa Coram walk through this day’s technical action on Monday’s version of the Stock Market Today.

Power Trend Powers Onward As ‘Animal Spirits’ Awaken; ISRG, NFLX, SPOT Look Bullish Oct 18, 2024

Mike Webster and Alissa Coram walk through this week's technical action and stocks to watch in the Friday extended version of Stock Market Today.

Nasdaq Fades Despite Strong TSMC Report; Taiwan Semi, CB, PANW In Focus Oct 17, 2024

Alexis Garcia and Ken Shreve walk through the day’s technical action with stocks to watch in Thursday’s edition of Stock Market Today.

Small Caps Lead Another Bullish Up Session: CBOE, Waystar, PACS In Focus Oct 16, 2024

Alissa Coram and Ken Shreve walk through the day’s technical action with stocks to watch in Wednesday’s edition of Stock Market Today.

Small Caps Rise As Chips Rocked; Nvidia, KB Home, Ensign Group In Focus Oct 15, 2024

Alissa Coram and Ed Carson walk through the day’s technical action with stocks to watch in Tuesday’s version of Stock Market Today.

Techs Take Lead As Indexes Extend Gains; Delta, Pulte, Corning In Focus Oct 14, 2024

Justin Nielsen and Alissa Coram walk through the day’s technical action with stocks to watch in Monday’s version of Stock Market Today.

Bulls Charge Ahead As Power Trend Flexes Strength; Uber, CEG, Generac Flash Buy Signals Oct 11, 2024

Mike Webster and Alissa Coram walk through this week's technical action and stocks to watch in the Friday extended version of Stock Market Today.

Indexes Dip, Small Caps Lag After Inflation Data: DVA, ALNY, UTHR In Focus Oct 10, 2024

Alissa Coram and Ken Shreve analyze Thursday’s market action and discuss key stocks to watch in Stock Market Today.

Stocks Rally, S&P 500 Hits All-Time High; Viking, MercadoLibre, Evercore In Focus Oct 09, 2024

Alissa Coram and Ken Shreve analyze Wednesday’s market action and discuss key stocks to watch in Stock Market Today.

Nasdaq Leads Bounce; Robinhood, Commvault, Eli Lilly Flash Buy Signals Oct 08, 2024

Alissa Coram and Ed Carson analyze Tuesday's market action and discuss key stocks to watch in Stock Market Today.

Stocks Slump As Rates Rise Again; Flowserve, ROAD, Allstate In Focus Oct 07, 2024

Alissa Coram and Ken Shreve analyze Monday’s market action and discuss key stocks to watch in Stock Market Today.

Jobs Report Spurs Market Bounce: Arch Capital, Reddit, Shopify In Focus Oct 04, 2024

Alissa Coram and Justin Nielsen analyze Friday’s market action and discuss key stocks to watch in Stock Market Today.

Stocks Dip Ahead Of Jobs Report: Broadcom, KKR, STRL In Focus Oct 03, 2024

Alissa Coram and Ken Shreve analyze Thursday’s market action and discuss key stocks to watch in Stock Market Today.

Stocks Hold Firm Despite Mideast Caution; Vertex, BRO, SCCO In Focus Oct 02, 2024

Alissa Coram and Ken Shreve analyze Wednesday’s market action and discuss key stocks to watch in Stock Market Today.

Indexes Cut Losses After Iran Attack; CBOE, Ryan Specialty, AeroVironment In Focus Oct 01, 2024

Alissa Coram and Ed Carson analyze Tuesday’s market action and discuss key stocks to watch in Stock Market Today.

Stocks Recover After Powell Speech: Aflac, Intuitive Surgical, Oracle In Focus Sep 30, 2024

Alissa Coram and Justin Nielsen analyze Monday's market action and discuss key stocks to watch in Stock Market Today.

Stocks Mixed But Cap Solid Week: Cava, Ryan Specialty, Eli Lilly In Focus Sep 27, 2024

Alissa Coram and Ed Carson analyze the weekly market action and discuss key stocks to watch in Stock Market Today.

Stocks Rally After Micron Results: Amazon, Robinhood, TJX In Focus Sep 26, 2024

Alissa Coram and Ken Shreve analyze Thursday’s stock market rally and discuss key stocks to watch in Stock Market Today.

Blue Chips, Small Caps Lag In Mixed Session; META, KBH, ARM In Focus Sep 25, 2024

Alissa Coram and Ken Shreve analyze the stock market and discuss key stocks to watch in Stock Market Today.

Indexes At Key Levels; Nvidia, Uber And Tesla Rival BYD Flash Buy Signals Sep 24, 2024

Alissa Coram and Ed Carson analyze the stock market and discuss key stocks to watch in Stock Market Today.

Stocks Edge Higher After Fed Rally; Raytheon, C.H. Robinson, Argenx In Focus Sep 23, 2024

Alissa Coram and Ken Shreve analyze the stock market and discuss key stocks to watch in Stock Market Today.

Bulls Back In Charge As Powell Threads Needle; Constellation, Apple, Spotify In Focus Sep 20, 2024

Mike Webster and Alissa Coram walk through this week's technical action and stocks to watch in the Friday extended version of Stock Market Today.

Stocks Jump, Dow Tops 42,000 Post-Fed; Ferrari, CRS, Taiwan Semi In Focus Sep 19, 2024

Alissa Coram and Ken Shreve discuss the market’s technical action and stocks to watch in the Stock Market Today.

Stocks Volatile After Big Fed Rate Cut; LandBridge, Evercore, Oscar Health In Focus Sep 18, 2024

Alissa Coram and Ken Shreve discuss Wednesday’s rate cut, the market’s technical action and stocks to watch in the Stock Market Today.

Stocks Erase Gains With Fed Due; Interactive Brokers, Wingstop, DoorDash In Focus Sep 17, 2024

Alissa Coram and Ed Carson discuss Tuesday’s technical action and stocks to watch in the Stock Market Today.

Stocks Hit Pause Button As Fed Looms; Mr. Cooper, The Bancorp, Vistra In Focus Sep 16, 2024

Alissa Coram and Justin Nielsen discuss Monday’s technical action and stocks to watch in the Stock Market Today.

How Battleground Turned In Bulls’ Favor; Zillow, Wheaton, AppLovin In Focus Sep 13, 2024

Mike Webster and Justin Nielsen walk through this week's technical action and stocks to watch in the Friday extended version of Stock Market Today.

Nasdaq S&P 500 Extend Win Streaks; Arista Networks, Royal Caribbean, Stride In Focus Sep 12, 2024

Alissa Coram and Ken Shreve discuss Thursday’s technical action and stocks to watch in the Stock Market Today.

Nasdaq Reverses Higher After Sharp Drop; ONON, APP, DASH In Focus Sep 11, 2024

Alissa Coram and Ken Shreve discuss Tuesday’s technical action and stocks to watch in the Stock Market Today.

Stocks Mixed After Big Events; Exelixis, DaVita And JPMorgan Chase In Focus Sep 10, 2024

Alissa Coram and Ed Carson discuss Tuesday’s technical action and stocks to watch in the Stock Market Today.

Stocks Bounce After Terrible Week; Flutter Entertainment, Axon, General Dynamics In Focus Sep 09, 2024

Alissa Coram and Ed Carson discuss Monday’s technical action and stocks to watch in the Stock Market Today.

Stocks Slammed As Selloff Intensifies; Palantir, CubeSmart, ResMed In Focus Sep 06, 2024

Justin Nielsen and Alissa Coram walk through this week's technical action and stocks to watch in the Friday extended version of Stock Market Today.

Nasdaq Fades After Strong Start; JPMorgan, Alamos Gold, ARGX In Focus Sep 05, 2024

The Nasdaq composite pared a 1.2% intraday gain to xx by the close as sellers maintained the upper hand. The S&P 500 extended its losing streak to three sessions and closed below its 50-day line. JPMorgan and Alamos Gold are pulling back in constructive fashion, while biotech Argenx broke out powerfully.

Indexes Hold Firm After Sell-Off; MakeMyTrip, Tyler Tech, DaVita In Focus Sep 04, 2024

The JOLTS survey revealed a cooling job market ahead of Friday’s employment report. The new data also raised the odds of a 50–basis-point rate cut by the Federal Reserve at the late-September meeting. MakeMyTrip reclaimed its 50-day with conviction after Tuesday’s selloff; Tyler Technologies is building a new base; DaVita is holding in a buy zone.

Market Suffers Expectation Breaker; Nvidia, Freshpet, CyberArk In Focus Sep 03, 2024

The stock market rally sold off after the long holiday. The S&P 500, in a new power trend and on the cusp of a new high, retreated to its 21-day line. The Nasdaq tumbled below its 50-day and 21-day lines, with Nvidia selling off. Freshpet moved back into a buy zone, but slashed gains. CyberArk fell, but held up relatively well.

S&P 500 Enters Power Trend; Broadcom, Comfort Systems, NextEra Energy In Focus Aug 30, 2024

The stock market rally finished a mixed week with the Nasdaq retreating but trying to regain a key level. The S&P 500 has entered a power trend, a bullish sign for the market rally but not necessarily a buy signal. Broadcom is setting up with earnings on tap. Comfort Systems and NextEra Energy are near buy points.

Nasdaq Reverses Lower After Strong Start; ServiceNow, Wingstop, GE In Focus Aug 29, 2024

The Nasdaq composite reversed lower after rising 1.3% intraday. Despite the selling, breadth was positive on both exchanges: Less than 2 to 1 positive on the Nasdaq and nearly 3 to 1 positive on the NYSE. ServiceNow and GE Aerospace tried to clear buy points; Wingstop is building a new base.

Sellers Hit Nasdaq Ahead Of Nvidia Results; Palantir, TDG, Evercore Hold Up Aug 28, 2024

The Nasdaq composite closed below its 50-day moving average, and the S&P 500 marked its first distribution day since the Aug. 13 follow-through day. Declining stocks beat advancers by more than 2 to 1 on the Nasdaq. The ratio was less than 2 to 1 negative on the NYSE. Palantir is pulling back in light volume after an earnings rally; TransDigm is back near highs in a shallow cup base; investment bank Evercore is holding gains well after a recent breakout.

Stocks Await Nvidia Earnings; GE Vernova, Ardent Health Flash Buy Signals Aug 27, 2024

The major indexes had another quiet session as investors choose not to make any big new moves ahead of Nvidia earnings. Nvidia is setting up though. Meanwhile, two recent new issues, GE Vernova and Ardent Health, flashed buy signals Tuesday, at least intraday.

Dow Jones Hits All-Time Highs; Sprouts, Netflix, MercadoLibre In Focus Aug 26, 2024

The Dow Jones industrial average hit a new all-time high intraday but the power didn’t last. The Dow and Russell 2000 fared the best but weakness in technology dragged down the Nasdaq composite and S&P 500. Still, the pause here isn’t necessarily a bad thing. Sprouts Farmers Market showed a nice pop above 100 after consolidating gains from its last earnings report. Netflix looks like it could but in a handle here as it hits all-time highs and MercadoLibre might give an add on entry as it consolidates around 2000.

Powell’s Behind Us, What’s Next For Rally? Cava, Goldman Sachs, RCL In Focus Aug 23, 2024

Justin Nielsen and Alissa Coram walk through this week's technical action and stocks to watch in the Friday extended version of Stock Market Today.

Tech Stocks Hit Ahead Of Powell Speech; ONON, PDD, DASH In Focus Aug 22, 2024

The Nasdaq came down to its 50-day moving average Thursday ahead of Jerome Powell’s speech Friday morning in Jackson Hole. Traders are still leaning toward 100 basis points in rate cuts over the next three Fed meetings. On Holding fell in light volume after Wednesday’s breakout attempt; PDD is a rare bright spot in China; DoorDash is setting up in a nice base.

Stocks Hold Firm After Fed Minutes; PRCT, Applovin, BIRK In Focus Aug 21, 2024

Breadth was solid again with winners beating losers on the Nasda by about 2 to 1. The ratio was nearly 3 to 1 positive on the NYSE. Annual nonfarm payrolls were revised lower by 818,000, but the stock market took the news in stride. Procept soared after the company received FDA clearance for a next-generation surgical robot; Applovin is near the top of a short consolidation; Birkenstock is still in a buy zone ahead of next week’s earnings report.

Market Takes A Break; Palo Alto Networks, Netflix, Meta Platforms In Focus Aug 20, 2024

The major indexes retreated modestly after several big gains, a well-deserved break after several strong gains. A pause also makes sense with Fed chief Powell’s big speech and Nvidia earnings coming up. Palo Alto Networks and Netflix flashed buy signals while Meta is trading just below a buy point.

Gains Keep Piling On; Coupang, Spotify, Apple In Focus Aug 19, 2024

Indexes tacked on more gains to last week’s stellar returns. All 11 sectors of the S&P 500 were up and tech is back in the lead. Coupang cleared an early entry at 23 and is on its way to a 52-week high. Spotify had a milder, but still strong move from a tight area and Apple is on the threshold of a buy point.

How This Week Changed Our Outlook; Ferrari, Costco, DaVita In Focus Aug 16, 2024

Mike Webster and Justin Nielsen walk through this week's technical action and stocks to watch in the Friday extended version of Stock Market Today.

Market Rises Powerfully Again; Nvidia, Shake Shack, Tesla In Focus Aug 15, 2024

The major indexes rose powerfully, staging a subsequent follow-through day. The S&P 500 is clearly above the 50-day line with the Nasdaq topping that key level intraday. Nvidia and Shake Shack offered buy signals. So did Tesla, with caveats.

Market Holds Follow-Through Day Gains; Ferrari, Allstate, Netflix Flash Buy Signals Aug 14, 2024

The major indexes held and slightly added to Tuesday’s follow-through day gains. The S&P 500 is testing its 50-day line. Ferrari and Allstate cleared buy points, while Netflix flashed an early entry.

Market Makes Bullish Move; Sea Limited, Samsara, Monolithic Power Flash Buy Signals Aug 13, 2024

The Nasdaq led a strong market session, with a tame PPI inflation report providing a catalyst. A number of leading stocks flashed buy signals. But the CPI inflation report is on tap.

Wedging Action Ahead Of CPI; Nvidia, Vista Energy, Curtiss-Wright In Focus Aug 12, 2024

Indexes are trying to make progress but so far the positives haven’t been enough to counterbalance the negatives of last week. Nvidia had a strong day for the 21-day line will be an important hurdle for it to conquer. By contrast, Vista Energy took the upside reversal from yesterday and built on it with unwavering power. Meanwhile, Curtiss-Wright showed a similar pattern among IBD 50 stocks.

‘Setup Day’ Means Step In Right Direction; Cava, Costco, ONON In Focus Aug 09, 2024

Mike Webster and Alissa Coram walk through this week's technical action and stocks to watch in the Friday extended version of Stock Market Today.

Stocks Soar As Rally Attempt Strengthens; LLY, SN, CYBR In Focus Aug 08, 2024

Alissa Coram and Ken Shreve discuss technical action and stocks to watch in the stock market today.

Stocks Fade After Strong Start; AXON, Halozyme, UTHR In Focus Aug 07, 2024

Alissa Coram and Ken Shreve discuss technical action and stocks to watch in the stock market today.

Stocks Bounce; Palantir, Intuitive Surgical, Tenet Healthcare In Focus Aug 06, 2024

Ed Carson and Alissa Coram discuss technical action and stocks to watch in the stock market today.

Stocks Plunge; NextEra Energy, Howmet Aerospace, PulteGroup In Focus Aug 05, 2024

Ed Carson and Alissa Coram discuss technical action and stocks to watch in the stock market today.

Nasdaq Enters Correction After Market Breaks Expectations; CBOE, Ferrari, MercadoLibre In Focus Aug 02, 2024

Mike Webster and Alissa Coram walk through this week's technical action and stocks to watch in the Friday extended version of Stock Market Today.

Massive Selling Leaves Few Unscathed; AstraZeneca, NextEra, T-Mobile In Focus Aug 01, 2024

Selling accelerated in the market and few things were spared as the major indexes lost support at moving averages. It was an expectation breaker given the strength of the prior day. AstraZeneca still managed to breakout of a flat base. NextEra joined utilities in a rally with a follow-up to its move above its 50-day line Thursday. T-Mobile also had a nice follow-up to its 50-day line test and retook a flat-base buy point at 182.67.

Techs Lead On AI, Rate-Cut Optimism; Arista Networks, Dycom, TransDigm In Focus Jul 31, 2024

Stocks started off strong as tech earnings revived AI optimism, then added to gains as Fed chief Jerome Powell sees rate cuts starting as soon as September. The S&P 500 rallied above its 50-day line while the Russell 2000 hit a fresh multiyear high. But a slew of earnings and other news is still on tap this week.

Nasdaq Skids Into Earnings, Fed; Spotify, Progressive, Texas Roadhouse In Focus Jul 30, 2024

The Dow Jones and Russell 2000 rose Tuesday while the Nasdaq tumbled heading into big tech earnings and the Fed decision.A strong start finished flat, with plenty of reasons to be cautious this week. Between a Fed meeting, earnings reports, jobs reports, there might be some jostling valuations amongst investors.

Gains Don’t Hold As Fed Meeting Looms; SharkNinja, Ollie’s, Birkenstock In Focus Jul 29, 2024

A strong start finished flat and there is plenty of reasons to be cautious this week. Between a Fed meeting, earnings reports, jobs reports, there might be some jostling valuations amongst investors.

A Tale Of Two Markets; 3M, GE Aerospace, ServiceNow in Focus Jul 26, 2024

Mike Webster and Justin Nielsen walk through this week's technical action and stocks to watch in the Friday extended version of Stock Market Today.

Small Caps Jump, Techs Try To Halt Slide; Nvidia, ServiceNow, TechnipFMC In Focus Jul 25, 2024

The S&P 500 and Nasdaq came off Thursday’s lows, but later gave up intraday gains. Nvidia slashed early losses as it battles AI fatigue fears, but it’s got work to do. ServiceNow spiked higher on earnings, breaking out, while TechnipFMC moved back into a buy zone on its results.

Techs Lead Market Sell-Off; Tenet Healthcare, Fiserv, Microsoft In Focus Jul 24, 2024

The major indexes sold off, with the Nasdaq undercutting its 50-day line. Tesla and Google led the decline, with a slew of techs sliding in sympathy, including Microsoft. Selling was broad, though small caps and non-tech sectors don’t look as damaged. Tenet Healthcare and Fiserv broke out on earnings.

Small Caps Stand Out Amid Earnings Wave; GE, HCA Healthcare, Pentair In Buy Zones Jul 23, 2024

The major indexes edged lower Tuesday, while small caps had another strong gain. GE Aerospace, HCA Healthcare and Pentair flashed buy signals on earnings.

Techs Come Roaring Back, But Watch This Midcap Building Play Jul 22, 2024

Justin Nielsen and David Saito-Chung walk through Monday's technical action and stocks to watch in Stock Market Today.

Rough Week Ends On Sour Note; Wabtech, AppFolio, The Bancorp In Focus Jul 19, 2024

Justin Nielsen and Alissa Coram walk through this week's technical action and stocks to watch in the Friday extended version of Stock Market Today.

Nasdaq Extends Losses In Broad-Based Sell-off; Blackstone, Vertex, Eldorado Gold In Focus Jul 18, 2024

An earnings sell-off for Domino’s Pizza fueled more selling in the restaurant group. Copper fell sharply resulting in a 4% drop for the Mining-Metal Ores group. Homebuilders rallied again but most stocks in the group faded after strong starts. Blackstone reported earnings and is still in a buy zone; biotech Vertex continues to show strength and support; Eldorado Gold is still in a buy zone.

Nasdaq Falls Hard As Chip Stocks Weaken; Nvidia, Eli Lilly, Tenet Healthcare In Focus Jul 17, 2024

Chip stocks fell hard on reports the Biden administration is considering tougher export curbs to limit China’s access to advanced chip technology. But breadth wasn’t too bad, with losers beating winners on both exchanges by less than 2 to 1. Consumer staple stocks outperformed, along with energy, health care, financial and real estate stocks. Sellers knocked Nvidia and Eli Lilly lower, but Tenet Healthcare is trading tightly near its 10-week moving average.

Small Caps, Dow Jones Continue To Lead; Toast, Uber, Woodward In Focus Jul 16, 2024

The market rally is continuing a near-ideal rotation. Megacaps are taking a much-need pause. Meanwhile, small caps, the Dow Jones and a slew of sectors taking the lead, with a number of stocks flashing buy signals, including Toast, Uber and Woodward.

Rotation Still Finding A Footing; Diamondback, JPMorgan, CrowdStrike In Focus Jul 15, 2024

An assassination attempt on former president Trump boosted his election prospects and the market saw gains. The Dow Jones Industrial Average and Russell 2000 continued to make progress as the new index leadership. Energy was the best performing sector and Diamondback Energy showed a breakout. Financials also saw a boost and JPMorgan recovered from an earnings reaction decline. Finally, software might be on the rise again and CrowdStrike showed an upside reversal for the day.

Massive Character Change Means Traders Should Do This; AppFolio, Generac, Booking Holdings In Focus Jul 12, 2024

Mike Webster and Alissa Coram walk through this week's technical action and stocks to watch in the Friday extended version of Stock Market Today.

Small Caps Jump, Techs Slump As Prices Cool; KBH, URBN, AAPL In Focus Jul 11, 2024

Consumer prices cooled in June which fueled more bond buying. The 10-year Treasury yield hit its lowest level since March and fell 8 basis points to around 4.20%. Despite sharp declines for the Nasdaq and S&P 500, market breadth was overwhelmingly positive. KB Home and Urban Outfitters gave buy signals, while Apple’s decline was orderly.

Nasdaq Makes It Seven Straight Ahead Of CPI Data; Newmont, ENSG, CYBR In Focus Jul 10, 2024

The Nasdaq composite jumped 1.2% and marked its sixth straight all-time closing high. But breadth was so-so, with winners beating losers by less than 2-to-1 as software and restaurant stocks lagged again. Newmont and Ensign gave buy signals while CyberArk is setting up.

Indexes Little Changed On Powell; Embraer, Diamondback Energy, Cava In Focus Jul 09, 2024

The S&P 500 and Nasdaq hit fresh high Tuesday morning, but key indexes closed little changed amid mixed action beneath the surface. Brazilian jet maker Embraer flashed a buy signal while Diamondback Energy made a bullish move. Cava fell solidly, perhaps getting a long-awaited shakeout, but coming as more restaurant stocks struggle.

Tight Action Helps Ease Extension; Carpenter Tech, Ollie’s, Chipotle In Focus Jul 08, 2024

With the Nasdaq composite’s run last week, a little consolidation of gains is just what the doctor ordered. Better yet, there are still stocks setting up nicely. Carpenter Technology got another bounce from its 50-day line and Ollie’s Bargain Outlet is trying to move out of a three-weeks tight pattern. But a dive in Chipotle Mexican Grill is a helpful reminder to pay attention to sell rules.

No Holiday For Nasdaq As It Hits New Highs; Meta, Amazon, CrowdStrike In Focus Jul 05, 2024

Mike Webster and Justin Nielsen walk through this week's technical action and stocks to watch in the Friday extended version of Stock Market Today.

Nasdaq, S&P 500 Hit Highs; ASML, Tencent Music, Agnico-Eagle Mines In Focus Jul 03, 2024

The Nasdaq and S&P 500 hit fresh all-time highs as a weak ISM services reading hit Treasury yields and raised Fed rate cut hopes. The jobs report looms Friday though. Chips and other techs were strong, with ASML back in a buy zone. But plenty of stocks from other sectors flashed buy signals, including Tencent Music and Angico-Eagle Mines.

Nasdaq Leads Market; Weatherford, Goldman Sachs, Novo Nordisk In Focus Jul 02, 2024

The Nasdaq, buoyed by Tesla and most megacaps, moved toward record highs, slightly extended from the 50-day line, even as small caps remain below that key level. Weatherford is among energy plays making bullish moves, while Goldman Sachs and other bank giant are around buy points. Novo Nordisk fell at the open on news, but bounced back quickly.

Markets Hold After Friday’s Reversal; Meta, Ollie's, Synopsys In Focus Jul 01, 2024

With the downside reversal on Friday, you would expect weakness to follow. But the market indexes are still showing resilience and refuse to go down. You can credit the megacaps again. Take Meta which showed signs of support around 500. But there are also a few others setting up. Retailer Ollie’s Bargain Outlet is holding tight just under 100 after a nice quick pop following earnings and IBD Long-term Leader Synopsys found support at its 21-day line.

Nasdaq Reverses After Hitting 18,000; Uber, JPMorgan, Hilton In Focus Jun 28, 2024

Mike Webster and Alissa Coram walk through this week's technical action and stocks to watch in the Friday extended version of Stock Market Today.

Nasdaq Makes It Three Straight, Eyes 18,000; Meta, Monday.com, ServiceNow In Focus Jun 27, 2024

Winners had a slight edge over losers on both exchanges. Investors bought bonds, sending the 10-year yield lower by 3 basis points to 4.28% ahead of key inflation data point Friday. Meta Platforms cleared a 514.01 entry in light volume, while Monday.com and ServiceNow cleared trendlines.

Nasdaq Edges Higher, Small Caps Lag In Mixed Session; FedEx, AMZN, Arm Holdings In Focus Jun 26, 2024

Declining stocks had a slight edge over advancers on both exchanges. The Nasdaq’s advance/decline line has been on a downtrend for more than a month.

Market Shifts Back To Nasdaq; Meta Platforms, Novo Nordisk, MercadoLibre In Focus Jun 25, 2024

After a few days with the Dow and non-tech sectors leading while AI plays tumbled, the market shifted back to Nvidia and the Nasdaq. A one-day blip or a reversion to the old AI trend? Meta Platforms, Novo Nordisk and MercadoLibre flashed buy signals.

Injured Players Don't Stop These Stocks; Sprouts, Hartford And Merck In Focus Jun 24, 2024

Even though some of the star players are coming down, there seem to be some understudies waiting in the wings. Sprouts Farmers Market got our “ants” signal but tightened up afterward. Now, it’s found support at its 10-week line. Insurance companies continue to show relative strength as Hartford Financial staged a breakout today. Healthcare stocks are right there too with Merck coming up to prior resistance and setup to breakthrough.

What To Expect After A Downside Reversal; Nvidia, Alphabet And Spotify In Focus Jun 21, 2024

Is the party over or just moving locations? The downside reversal on Thursday is certainly affecting Nvidia as it continued to weaken, but other megacaps are picking up the slack. Alphabet is looking at a closing high after moving above a three-weeks-tight area and Spotify found support at its 21-day moving average line.

Nasdaq Snaps Seven-Session Win Streak; Kanzhun, Chubb, PLTR In Focus Jun 20, 2024

Losers had a slight edge over winners on both exchanges. The S&P 500 turned lower after poking above the 5,500 level, while blue chips finally enjoyed a day of outperformance. China-based Kanzhun and Chubb are close to breaking out of downtrends, while Palantir might be adding a handle to its current pattern.

Stocks Hold Near Highs; ELF Beauty, Goldman Sachs, Granite Construction In Focus Jun 18, 2024

The stock market had a relatively quiet pre-holiday session, with the S&P 500 and Nasdaq holding around record highs. The latter is somewhat extended, something to consider when analyzing possible buys and sells. ELF Beauty broke out, while Goldman Sachs and Granite Construction are right on the cusp of early entries.

Bulls Charge Ahead, But Pullback Risk Elevates; On Holding, GE, Carvana In Focus Jun 17, 2024

The Nasdaq led a solid advance on Monday, with the 18,000 level looking like a magnet to the upside. But the faster the market rises, the harder it may pull back. The tech-heavy index is now nearly 9% above its 50-day moving average and well above its 21-day line. Today’s sharp move could mean the risk of a steeper pullback is now elevated. Among individual stocks, On Holding (ONON) reversed higher after testing a critical support area. GE Aerospace (GE) cleared a trendline entry and Carvana (CVNA) bounced off a key psychological level.

‘Picture Perfect’ Market Action Means Active Traders Should Do This; Netflix, Spotify, Deckers Outdoor Corporation In Focus Jun 14, 2024

Mike Webster and Alissa Coram walk through this week’s technical action and stocks to watch in the Friday extended version of Stock Market Today.

Stocks Show Mixed Action; Chipotle, Universal Health, GE Aerospace In Focus Jun 13, 2024

The Nasdaq hit another all-time best thanks to a few big caps, and is starting to look extended. The S&P 500 set a closing high. But the Dow and Russell 2000 fell, struggling around the 50-day line, though they came off early afternoon lows. Chipotle cleared a short consolidation while Universal Health held a buy zone. GE Aerospace fell through its 50-day.

S&P 500 Rises On CPI Despite Hawkish Fed; Booking, Fair Isaac, KB Home Moving Jun 12, 2024

The S&P 500 and Nasdaq hit fresh record highs while small caps jumped, fueled by a tame CPI report before the open. Stocks largely held their gains despite a somewhat-hawkish Fed rate outlook, but then faded late in the session. Booking Holding broke out while Fair Isaac made a bullish move. KB Home soared initially, but slashed gains as Treasury yields pared losses.

Apple Drives Nasdaq To New High; Arista Networks, Lam Research Also In Focus Jun 11, 2024

Stocks closed mixed but near session highs. Apple surged out of a base, driving the Nasdaq to a record high. Arista Networks flashed a buy signal while Lam Research is trading around buy points. The CPI inflation report is due early Wednesday with the Fed’s “dot-plot” rate outlook on tap in the afternoon.

Stocks Hold Strong Ahead Of Fed Meeting, Inflation Data; GM, BIRK, GMED In Focus Jun 10, 2024

Winners were evenly split with losers on both exchanges as the Nasdaq composite and S&P 500 trade tightly near highs. The 10-year Treasury yield rallied again after surging 15 basis points Friday. General Motors broke out powerfully from a flat base.

This Shows Why The Bull Market Has More Room To Run; CrowdStrike, DKS, Viking In Focus Jun 07, 2024

Mike Webster and Alissa Coram walk through this week’s technical action and stocks to watch in the Friday extended version of Stock Market Today.

Stocks Dip Ahead Of Pivotal Jobs Report; Pinterest, WPM, Coinbase In Focus Jun 06, 2024

Decliners beat advancers by less than 2-to-1 on both exchanges as gold stocks outperformed. Data center stocks like Vertiv and Modine Manufacturing fell hard again, but the session served up several strong gainers. Pinterest cleared a trendline after a low-volume pullback; Wheaton Precious Metals bounced nicely off its 50-day moving average; Coinbase is forming the right side of a base.

Nasdaq, S&P 500 Jump To Record Highs; CrowdStrike, ASML, Oscar Health In Focus Jun 05, 2024

The ADP employment came in weaker than expected, raising expectations that the first Federal Reserve rate cut will come at the September meeting. Friday’s employment report still looms large. CrowdStrike soared after reporting earnings, but there’s a caveat; ASML gapped up to the top of a 13-week consolidation; Oscar Health is firming up after a pullback.

Major Indexes Firm As Small Caps Slump; Spotify, GE Aerospace, Novo Nordisk In Focus Jun 04, 2024

The major indexes were firm Tuesday, with the Nasdaq and S&P 500 near record highs. But market breadth was weak, with small caps falling back below the 50-day line. Spotify and Novo Nordisk cleared buy points while GE Aerospace is finding key support, working on a new base.

Glitches, Elections And Poaching, Oh My! Domino’s, Regeneron, Coherent In Focus Jun 03, 2024

There was a lot to talk about in the market after Friday’s reversal. The NYSE had some glitches that led to some wrong prices in Warren Buffet’s Berkshire Hathaway (BRKA) and others. Elections in Mexico and India had very different effects on those stocks and the CEO of Lattice Semiconductor (LSCC) found greener pastures at Coherent (COHR). On top of that you also had some good looking charts in the Domino’s (DPZ) as restaurant stocks continue to set up. Medical is also coming on strong with Regeneron (REGN) following up on its reversal last week.

Power Trend’s First Real Test A Success; Logitech, Vertex, MercadoLibre In Focus May 31, 2024

Mike Webster and Alissa Coram walk through this week’s technical action and stocks to watch in the Friday extended version of Stock Market Today.

Stocks Pressured Ahead Of Inflation Report; Chubb, ISRG, UHS In Focus May 30, 2024

The 10-year Treasury yield took a breather after two days of sharp gains. Despite losses for the major stock indexes, breadth was slightly positive on the Nasdaq and about 3-to-1 positive on the NYSE. Chubb is back in a buy zone after a low-volume pullback. ISRG tried to clear a flat base again to no avail while UHS cleared a cup-with-handle base.

Nasdaq Pulls Back In Orderly Fashion; Cava, Dutch Bros, Robinhood In Focus May 29, 2024

The Nasdaq pared losses while the S&P 500 traded in a tight range and closed comfortably above its 21-day line. Losers beat winners on the NYSE by more than 5-to-1; the ratio was nearly 3-to-1 negative on the Nasdaq. Cava reversed higher after falling nearly 10% intraday; Dutch Bros is back in rally mode after some post-earnings softness; Robinhood is back in a buy zone after the company announced a big share buyback.

Nasdaq Hits 17,000 But Rally Narrows; Arm Holdings, Wingstop, Celsius In Focus May 28, 2024

The Nasdaq briefly topped 17,000 as Nvidia continues to run higher, but market breadth was weak, with the Dow Jones undercutting its 50-day line. Arm Holdings and Wingstop flashed buy signals, while Celsius plunged below a key level.

Positive Expectation Breaker After Downside Reversal; Deckers, Nvidia, Netflix In Focus May 24, 2024

After a bearish reversal in Thursday’s session, the stock market bucked the weakness and delivered a positive expectation breaker. How bullish should you be now? Mike Webster and Alissa Coram walk through this week’s technical action and stocks to watch in the Friday extended version of Stock Market Today.

Nasdaq Reverses Lower After Strong Start; NVO, CROX, RYAN In Focus May 23, 2024

The 10-year Treasury rose above some key levels after the flash Composite Purchasing Manager’s Index (PMI) came in stronger than expected. Nvidia faded off highs after the Nasdaq composite pared an intraday gain of nearly 1.2% to a loss of 0.4% by the close. Novo Nordisk, Crocs and Ryan Specialty are still holding near highs.

Stocks Step Back After Fed Minutes; Loar, Monday,com, VRTX In Focus May 22, 2024

The 10-year Treasury yield rallied a bit after the minutes from the May 1 Fed meeting were released. Just after the close, the yield was trading around 4.43%, up 2 basis points. Oil and gas stocks lagged badly, along with metals and mining stocks. Loar Holdings followed through after clearing an IPO base Tuesday; Monday.com is holding gains well after gapping up on earnings; Vertex Pharmaceuticals is near the top of a shallow cup base.

Market Awaits Nvidia Earnings; Eli Lilly, Microsoft, Ares Management In Focus May 21, 2024

The major indexes had another quiet session, as investors await Nvidia earnings. But leading stocks continue to fare well. Eli Lilly broke out while Microsoft flashed a buy signal. Ares Management tumbled Tuesday on investor day, but pared losses to hold the buy zone.

Power Trend Starts, Stocks Comply; AppLovin, Monolithic Power, Booking In Focus May 20, 2024

As a power trend starts, many stocks are giving second chances at buy areas. AppLovin held tight after earnings and has a look that can be found among many stocks today. Monolithic Power reaffirmed its breakout from last week after holding tight for a couple of days. Of course, Nvidia earnings are due after the close on Wednesday which puts a spotlight on chips. Finally, Booking.com is a little slower but shows strength outside of tech.

Why A Powerful Trend Is Just Getting Started; Nvidia, CrowdStrike, GDX In Focus May 17, 2024

As Nvidia earnings loom large next week, the stock market is on the verge of delivering a powerful signal. Mike Webster and Alissa Coram walk through this week’s technical action and stocks to watch in the Friday extended version of Stock Market Today.

Stocks Hold Firm As Dow Crosses 40,000; FSLR, HIG, MELI In Focus May 16, 2024

The Dow Jones industrial average briefly crossed the 40,000 level but backed off highs by the close along with the Nasdaq and S&P 500. Decliners beat advancers on both exchanges by a small margin after the Nasdaq confirmed the latest uptrend Thursday with a follow-through day. First Solar is approaching an alternate entry; Hartford Financial gave an early buy signal as it forms a flat base; MercadoLibre is trying to clear a new entry.

Stocks Soar On Tame Consumer Prices; Lennar, Azek, Broadcom In Focus May 15, 2024

Weaker-than-expected retail sales and a palatable reading on consumer prices fueled a fresh round of buying. The 10-year Treasury yield and U.S. dollar fell sharply. Breadth wasn’t great on the Nasdaq at less than 2-to-1 positive. Winners beat losers on the NYSE by just over 2-to-1. Lennar rallied with other homebuilders, while Azek moved bullishly above its 50-day line. Broadcom rose to the top of an 11-week consolidation.

Nasdaq Nears Record High; On Holding, Embraer, CrowdStrike In Focus May 14, 2024

The Nasdaq is nearing a record high, while leading stocks continue to act well. On Holding gapped out of a base on strong earnings. Embraer raced back above a buy point a few days after its quarterly results. CrowdStrike is holding in range of an aggressive entry within a base.

Why Flat Action Is A Good Thing; Pure Storage, Costco, PulteGroup In Focus May 13, 2024

Indexes were mostly flat on Monday and after a strong showing last week, that’s constructive. We still have stocks setting up including Pure Storage forming a shallow double bottom, Costco potentially ready for a handle and PulteGroup with a shallow cup with handle.

Why Now Is The Time To Take A Bullish Stance; Arista Networks, Taiwan Semi, FICO In Focus May 10, 2024

As the market starts to trend above a key level, now is the time to take a more bullish stance. Mike Webster and Alissa Coram walk through this week’s technical action and stocks to watch in the Friday extended version of Stock Market Today.

Indexes Close In On All-Time Highs; Celsius, Manulife, WSM In Focus May 09, 2024

The Dow Jones extended its winning streak to seven sessions. The 10-year Treasury yield eased 3 basis points to around 4.45% after jobless claims came in stronger than expected. Celsius made a bullish move after a volatile reaction to earnings earlier in the week; Manulife cleared a base and is still in a buy zone; Williams-Sonoma is back near highs with earnings coming up.

Dow Jones Makes It Six Straight; TSMC, Aerovironment, Jefferies In Focus May 08, 2024

Small caps were under pressure all day, but the Nasdaq composite and S&P 500 pared early losses. Decliners beat advancers by less than 2-to-1 on both exchanges as utility stocks outperformed. Taiwan Semiconductor isn’t far from a new entry as it forms a double-bottom base; Aerovironment could try to add a handle to its current pattern; Jefferies is near the top of a shallow cup base.

Stocks Pause After Recent Run; Star Bulk Carriers, Ares Management, Embraer In Focus May 07, 2024

The major indexes paused Tuesday after a trio of solid gains. A number of stocks still flashed buy signals, often on earnings, though there were big losers as well. Star Bulk Carriers broke out with Ares Management and Embraer near buy points.

Market Indexes Clear Another Hurdle; Tradeweb, NetApp, Quanta In Focus May 06, 2024

Remember that sharp break in the market indexes last month? Seems that the market is putting that worrisome week in the rearview mirror as it hurdles over another potential area of resistance. For stocks, Tradeweb.

Nasdaq Retakes 16,000 With Gusto; CEG, Skechers, Apple In Focus May 03, 2024

With Friday’s jobs report reigniting rate-cut hopes, along with positive reactions to earnings from Apple and Amgen, the Nasdaq composite decidedly cleared the 16,000 level. Mike Webster and Alissa Coram walk through this week’s technical action and stocks to watch in the Friday extended version of Stock Market Today.

Nasdaq Soars Ahead Of Jobs Report; Qualcomm, ResMed, FTI In Focus May 02, 2024

Winners beat losers on the Nasdaq by more than 2-to-1. The ratio was around 4-to-1 positive on the NYSE. The 10-year Treasury yield popped early but reversed slightly lower ahead of Friday’s jobs report, which is expected to show nonfarm payrolls up 243,000. Qualcomm soared after reporting earnings and giving bullish revenue guidance, while ResMed and TechnipFMC continue to show strength.

Stocks Swing Wildly After Fed Statement; Pinterest, BAH, AVAV In Focus May 01, 2024

The market initially breathed a sigh of relief that it didn’t get a hawkish statement from Fed Chairman Powell. He acknowledged that inflation is still too high, but he also said the Fed would slow down its bond selling, which could cause downward pressure on rates. Pinterest soared on bullish Q1 results; Booz Allen Hamilton and Aerovironment are building new bases.

Indexes Skid Ahead Of Fed; Eli Lilly, Modine, Constellation Energy In Focus Apr 30, 2024

The S&P 500 and Nasdaq pulled back from their 50-day lines to undercut their 21-day lines, awaiting the latest Fed meeting and other big news. Eli Lilly jumped on earnings, flirting with a buy signal.

Indexes At Inflection Point; Carrier Global, United Rentals, Howmet In Focus Apr 29, 2024

While it’s nice to see indexes on the upswing, there’s more work to be done. Specifically, the 50-day line is looming for indexes and could be a place where bears wrestle control again. And don’t forget a heavy earnings week is on tap to add a potential catalyst for a trend change. Still, a number of individual stocks are looking promising. Carrier Global is working on cooling the artificial intelligence “heat wave.” United Rentals is shaping up a double bottom. Finally, Howmet Aerospace is still holding strong forming a flat base.

Stocks Snap Back After Last Week’s Bad Break; Nvidia, ALAB, Cava In Focus Apr 26, 2024

After last week’s bad break, Alphabet is trying to help the market get its mojo back. As stocks snapped back on Friday, Nvidia, Astera Labs and Cava flashed buy signals. In this extended edition of Stock Market Today, Alissa Coram and Mike Webster review the market’s changing character, levels to watch and how to adjust your portfolio – and your expectations – accordingly.

Stocks Recover After Sell-Off; Southern Copper, Sweetgreen, OWL In Focus Apr 25, 2024

The first estimate to Q1 GDP came in at 1.6%, well below the 2.3% consensus. Core inflation on a year-over-year basis also came in above expectations, raising fears of stagflation. Stocks moved off lows even as the 10-year Treasury yield rallied above 4.70% and hit a five-month high. It’s been an orderly pull back for Southern Copper so far; Sweetgreen is holding support at its 10-week line; Blue Owl Capital is still in a buy zone ahead of earnings next week.

Nasdaq Fades After Strong Start; Hubbell, Ingersoll Rand, NTRA In Focus Apr 24, 2024

Breadth was weak all day even when the Nasdaq was near session highs. The 10-year yield rose near its high for the year, up 5 basis points to 4.65%. After earnings reports from META and ServiceNow, Microsoft and Alphabet are next up on the earnings calendar. Stocks to watch include Hubbell, Ingersoll Rand and Natera.

Indexes Rise Again, But Wait For More. TransDigm, Neurocrine, Chipotle In Focus. Apr 23, 2024

The indexes rose solidly for a second straight session, but don’t get excited yet by the nascent rally attempt, especially with earnings season kicking into high gear. TransDigm is on the cusp of a buy signal amid strength in aerospace names. Neurocrine Biosciences jumped toward possible entries on positive drug news. Chipotle is setting up nicely with earnings on tap.

Indexes Up But Does Anything Change? Church & Dwight, Alphabet, Heico In Focus Apr 22, 2024

Indexes faded into the close but still ended with solid gains. But don’t be tempted. One day isn’t enough to change a trend. Still it’s worth noting stocks that are doing well. On the defensive end, Church & Dwight broke out of a flat base, Alphabet has reestablished itself as a relative strength leader and Heico is flirting with resistance around 200.

Bull Market Precedent Breaks Wide Open; Nvidia, SMCI Plunge Apr 19, 2024

The major indexes suffered significant losses Friday, with the S&P 500 breaking below the key 5,000 level. Last Friday was an expectation breaker, signaling more weakness could follow – and that’s exactly what we got. The bull market precedent of 2003 is officially broken. Nvidia and SMCI provide two big clues about the market’s unhealthy action, while Sprouts is one of the few setups out there to watch. Mike Webster provides homework to get you ready for next week.

Stocks Fade Early Gains; Embraer, Quanta Services, TXRH In Focus Apr 18, 2024

The Nasdaq composite and S&P 500 extended their losing streaks to five sessions after early gains faded. The Nasdaq held up relatively well despite an earnings sell-off for Taiwan Semiconductor. The 10-year Treasury yield added 5 basis points to around 4.64%. Embraer and Quanta Services are pulling back in constructive fashion, while Texas Roadhouse is setting up in a new base.

Stocks Fall But S&P 500 Holds Key Level; Eli Lilly, Itron, GOOGL In Focus Apr 17, 2024

The 10-year Treasury yield dropped 7 basis points to around 4.59%, but sellers still hit growth stocks hard. Oil fell 3% to around $82.75 a barrel. Eli Lilly initially popped on positive news but couldn’t hold gains; Itron is setting up in a nice base; Google parent Alphabet is still showing strength with a relative strength line near highs.

Indexes Hold Below Key Levels; Sea Limited, DraftKings, Datadog Act Well Apr 16, 2024

The major indexes held their ground despite comments from Fed chief Jerome Powell, but remain below their 50-day moving averages. Some leading stocks had solid sessions, including Sea Limited, DraftKings and Datadog.

Morning Gap Up Doesn’t Last; Atkore, Casey’s, HealthEquity In Focus Apr 15, 2024

The back-and-forth between Iran and Israel is still putting some pressure on stocks and raising volatility. An early morning gap up faded and then some by the close with few areas left unscathed. Atkore had a nice move higher finding support at its 10-week line as did Casey’s General Stores. Meanwhile, HealthEquity has been skirting around its 10-week line for a few weeks now and just isn’t bowing to downside pressure.

Market Breaks Expectations; Coupang, Nvidia, Arista Provide Lessons Apr 12, 2024

Thursday looked promising, but now we need to readjust our expectations.

Tech Stocks Jump On Tame PPI Data; AVGO, ASML, ABNB In Focus Apr 11, 2024

Breadth was lackluster again, along with volume, but leading stocks continue to act well. Winners had a slight edge over losers on both exchanges. In the chip sector, Broadcom and ASML are setting up in new bases with healthy RS lines, while Airbnb is in a buy zone.

Stocks Head Lower After CPI Report; Axon, ARES, CAVA In Focus Apr 10, 2024

Sellers hit stocks hard after core consumer prices on a year-over-year basis came in hotter than expected for the fourth straight month. The 10-year Treasury spiked 19 basis points to 4.56%. Declining stocks outnumbered advancers on the Nasdaq by nearly 4-to-1, but buyers lifted the index off lows by the close. Axon and Ares Management are both forming flat bases, while Cava is in an alternate buy zone.

Stocks Await CPI Inflation Report; Nvidia, Royal Caribbean, Nutanix In Focus Apr 09, 2024

The major indexes didn’t make big moves Tuesday ahead of Wednesday’s CPI inflation report. Nvidia stock slumped Tuesday, undercutting recent lows but finding 10-week line support. Royal Caribbean fell below a recent buy point. But Nutanix is holding up, close to forging a new base.

Indexes Stay In Their Lane While Medpace, Apollo, Exxon Mobil Outperform Apr 08, 2024

After Thursday’s downside reversal, indexes have stayed within the highs and lows of that day. It sets up a nice lane for the markets but take note when it breaks from its lane. Take extra note of the stocks that do it first. Medpace crossed above Thursday’s high on Friday and followed up today. Apollo retraced a lot of ground on Friday and punctured above Thursday’s high today. Finally, ExxonMobil doesn’t even show anything happening on Thursday as it broke out of a cup base.

Stocks Attempt Recovery, But Is A Pullback Coming? Meta, ServiceNow, Celsius In Focus Apr 05, 2024

After Thursday’s downside reversal and weak recovery attempt on Friday, could a pullback or intermediate correction be in the cards? IBD’s Mike Webster walks through each day’s action and levels he’s watching. We revisit a precedent to see if the current index action is still tracking what unfolded in the market in 2003. Plus, we analyze some of this week’s notable stocks: Meta, Spotify, ServiceNow and Celsius.

Stocks Reverse Lower Ahead Of Jobs Report; Saia, CELH, NOW In Focus Apr 04, 2024

A 1.2% intraday gain for the Nasdaq composite faded to a loss of more than 1% by the close. Oil settled at its highest level since late October, up 1.4% to $86.59 a barrel. Friday’s jobs report is expected to show nonfarm payrolls up 200,000 with the unemployment rate holding steady at 3.9%. Saia is testing its 10-week line; Celsius is close to a first test, while ServiceNow continues to build a base.

Stocks Rally After Sell-Off; Salesforce, XPO, Dexcom In Focus Apr 03, 2024

Advancing stocks outnumbered decliners on both exchanges by less than 2-to-1. The 10-year Treasury jumped above 4.40% after ADP reported stronger than expected job growth in March. But the 10-year yield backed off highs for the second straight session. Salesforce and XPO are trading near their 10-week moving averages, while Dexcom is in an alternate buy zone.

Stocks Bend As Yields Rise; Meta Platforms, Uber, Eli Lilly In Focus Apr 02, 2024

The 10-year Treasury yield added to Monday’s surge, hitting 2024 highs Tuesday. That pressured stocks once again, though the indexes came off morning lows. Meta Platforms, Uber Technologies and Eli Lilly are finding support around their 10-week lines.

Small Caps Hit As Rates Rise; Wynn Resorts, Hubspot, FWRG In Focus Apr 01, 2024

The 10-year Treasury yield jumped 13 bps to around 4.33% after manufacturing data in the U.S. and China came in better than expected. The March jobs report also looms large on Friday. Casino operator Wynn Resorts, software firm Hubspot and First Watch Restaurant are all near buy points.

Russell 2000 Hits New High In Quiet Session; TOST, MHO, MLM In Focus Mar 28, 2024

The 10-year Treasury yield ticked higher ahead of a key report on inflation Friday morning. The stock market will be closed Friday in observance of Good Friday, but the bond market will be open. Winners beat losers on the NYSE by about 2-to-1. The ratio was about 4-to-3 positive on the Nasdaq. Toast is setting up in a cup-with-handle base; M/I Homes gave an early buy signal; Martin Marietta is trading tightly near highs.

Small Caps Jump, Breadth Improves; Medpace, Nextracker, BROS In Focus Mar 27, 2024

Profit-taking hit several top-rated growth stocks as the Russell 2000 small-cap index moved into position for another breakout try. The 10-year Treasury yield fell for the sixth time in seven trading sessions with the latest reading on inflation due Friday. Medpace and Nextracker are holding gains well after recent breakouts, while Dutch Bros is retesting a prior buy area.

Indexes Fade Late; Trump Media, ServiceNow, Royal Caribbean In Focus Mar 26, 2024

The major indexes faded late, but near record highs. Donald Trump stock Trump Media skyrocketed out of a base in its post-SPAC merger debut, but came well off intraday highs. ServiceNow flirted with aggressive entries as several software names set up. Royal Caribbean is in a buy zone with Carnival earnings on deck Wednesday.

Indexes Mark Time But Refuse To Give Up Ground; Arm, Axon And Allstate In Focus Mar 25, 2024

Even China news suggesting that Chinese chips would be favored over others wasn’t enough to shake this market. The major indexes continued to trade sideways but are making themselves comfortable above prior levels of resistance. It’s still worth sticking with A-list stocks and today we’ll take that literally with a look at Arm Holdings as it broke a recent downtrend on the China news. Also worth watching is Axon, formerly known as Taser, as it consolidates the gains from its last earnings move. Finally, it might be slow and boring but insurance companies like Allstate are filling the ranks of leadership and Allstate broke out of a short cup today.

Two Familiar Catalysts Fuel Strong Market Week; Uber, Eli Lilly, CrowdStrike In Focus Mar 22, 2024

The major indexes all hit record highs during the week, fueled by two familiar catalysts: A dovish Fed and AI optimism. Breadth was strong beyond tech with a number of stocks breaking out. Uber, Eli Lilly and CrowdStrike are setting up again in somewhat messy patterns.

Stocks Fade After Strong Start; ARES, DUOL, NBIX In Focus Mar 21, 2024

The Nasdaq composite rallied 1%, but early gains faded, hurt by a 4% drop for Apple. Small caps outperformed for the second straight session. Reddit had a strong debut after pricing at 34. Financial stocks also outperformed and several gave buy signals, including Ares Management. Duolingo limped past a 241.86 entry, while an early breakout faded for Neurocrine Biosciences.

Stocks Soar After Fed Statement; CyberArk, Monday.com, JFrog In Focus Mar 20, 2024

The Federal Reserve policy statement could’ve been hawkish in light of recent hot inflation data, but it wasn’t. The Fed envisions three rate cuts before the end of the year, in line with market expectations. CyberArk, Monday.com and JFrog continue to trade well with relative strength lines near new highs.

Market Resilient With Fed On Tap; Woodward, Arista Networks, Synopsys In Focus | Stock Market Today Mar 19, 2024

The market showed resilience, with Nvidia reversing higher. But the Fed rate-hike outlook looms large. Woodward and Arista Networks are setting up near flat-base buy points, with Arista paring solid intraday losses. Synopsys made a bullish move.

Time To Look For Setups In Other Areas? DraftKings, Apollo, Royal Caribbean In Focus Mar 18, 2024

The Nvidia GTC conference is in full swing but maybe it’s time to look outside of AI? The Nasdaq composite led the day but attention may also shift to March Madness brackets and a setup in DraftKings breaking a downtrend. A Fed meeting is coming this week which will put the focus on financials like Apollo Global Management with support at its 10-week line. Finally, if you need to get away from it all there is Royal Caribbean as a shallow cup base forms.

Stocks Pause Ahead Of Big News; ServiceNow, Arista, East West Bancorp In Focus Mar 15, 2024

The key indexes continued to pause or pull back from recent highs, with the Nasdaq and Russell 200 testing the 21-day line. Sideways action could create new buying opportunities, but right now is fueling more fake outs, with ServiceNow and East West Bancorp down but not necessarily out. Arista Networks has a new flat base. The Fed meeting and two big AI meetings are on tap.

Small Caps Hit Hard On Economic Jitters; Alphabet, ARES, MOD In Focus Mar 14, 2024

The 10-year Treasury yield spiked by 10 basis points to 4.29% after wholesale prices came in higher than expected. February retail sales were also soft as the Nasdaq and S&P 500 marked fresh distribution days. Alphabet moved above its 50-day line; Ares Management is forming a new base; Modine Manufacturing could have a bigger pullback in store after breaking an upper channel line.

Nasdaq Holds Firm Despite Chip Selling; Microsoft, FCX, Coupang In Focus Mar 13, 2024

Breadth was slightly negative on the Nasdaq and slightly positive on the NYSE. The 10-year Treasury yield rallied up to a key level near 4.19% ahead of Thursday’s PPI report. Microsoft is basing nicely above its 10-week line; Freeport-McMoRan soared with other copper stocks; Coupang is still in a buy zone.

Big Techs Lead Major Indexes Higher; ServiceNow, Shockwave, Archrock In Focus Mar 12, 2024

The major indexes shrugged off a somewhat-hot CPI inflation report on Tuesday, as Nvidia led big-cap techs higher. One of those tech giants, ServiceNow, flashed a buy signal. So did Shockwave Medical, along with natural gas services firm Archrock. But overall market breadth was weak.

Indexes Hold Firm Ahead Of CPI Report; Arch Capital, On, Neurocrine In Focus Mar 11, 2024

After Friday’s reversal you would expect more weakness but indexes didn’t give up a lot of extra ground. Arch Capital was one of the few breakouts for the day and it isn’t alone in its strength as other insurance stocks also saw gains. Meanwhile, On Holding is setting up with a cup with handle with a buy point at 35.58 and Neurocrine Biosciences is carving out a flat base with a 143.35 buy point.

Nvidia Leads Tech Reversal; Square-Parent Block, XP Flash Buy Signals Mar 08, 2024

An extremely extended Nvidia reversed lower Friday, taking down other the Nasdaq. Is this a blip or character change for the AI leader? Meanwhile, Square-parent Block and Brazilian brokerage XP flashed buy signals.

Stocks Strengthen Ahead Of Jobs Report; Entegris, On Holding, Cloudflare In Focus Mar 07, 2024

Winners beat losers on the S&P 500 by more than 2 to 1, but the ratio was less than 2 to 1 positive on the Nasdaq. All eyes will be on Friday’s employment report, which is expected to show February nonfarm payrolls up 190,000. Entegris topped a new buy point in heavy volume; sellers have been in On Holding ahead of next week’s earnings report; Cloudflare is pulling back in orderly fashion after surging on earnings.

Stocks Rebound After Sell-Off; Dexcom, CyberArk, Block In Focus Mar 06, 2024

Fed Chairman Jerome was on Capitol Hill Wednesday, giving his Semiannual Monetary Report to Congress in front of a House committee. He’ll be in front of the Senate tomorrow ahead of Friday’s jobs report. The Nasdaq composite rebounded after some selling Tuesday, but early gains faded after sellers came into the market just after 1:30 p.m. ET. Dexcom broke out in heavy volume; CyberArK is consolidating above its 10-week line, while Block is setting up in a cup-with-handle base after a bullish earnings report.

Software Leads Market Slide; Duolingo, PNC Financial, Lennar In Focus Mar 05, 2024

The stock market retreated Tuesday, with the Nasdaq giving up its Thursday-Friday gains to record highs. Software stocks were big losers Tuesday, including Duolingo. Bank stocks such as PNC Financial continue to do well, while homebuilders like Lennar are holding up well.

Indexes Pause As Defensive Sectors Lead; BlackRock, Rollins, Samsara In Focus Mar 04, 2024

While the Nasdaq composite and S&P 500 took a little pause there were still some big movers under the surface. With Super Micro joining the S&P 500 it got a 25% boost but is wildly extended. BlackRock broke out of a tight flat base as some banks rallied and bitcoin hit highs. Rollins broke out of a cup-with-handle with a group that has seen recent movement to the forefront. Finally, Samsara is setting up in a base of its own but has more volatility and earnings coming on March 7.

Nasdaq Hits Record High; Taiwan Semiconductor, Tidewater, Confluent In Focus Mar 01, 2024

The stock market rally had a strong week, with the Nasdaq hitting a record high and small caps moving back above recent highs. That offered buying opportunities for leaders such as Taiwan Semi, but the Nasdaq is already extended again. Tidewater raced higher on earnings and oil prices, while Confluent is setting up. Investors need to be patient and nimble.

Indexes Do Victory Lap Into Close; AMD, Celsius, Duolingo In Focus Feb 29, 2024

With PCE data coming in as expected, indexes got a strong start. After some slow action midday they really ramped up into the close. AMD got a nice boost breaking out of tight area, Celsius rocked its earnings and put the squeeze on short sellers. Meanwhile, Duolingo got back above its 50-day line on a big earnings move.

Stocks Dip Ahead Of Inflation Data; MakeMyTrip, Cava, ONON In Focus Feb 28, 2024

The 10-year Treasury yield dipped 4 basis points to around 4.27% as the bond market ponders a “higher for longer” interest-rate scenario for the Fed. Amid some selling in the online travel group, India-based MakeMyTrip is showing strength and support; restaurant stock Cava is back near an all-time high after reporting earnings; On Holding is showing relative strength ahead of its March 12 earnings report.

Market Rally Showing Constructive Action; Embraer, AMD, Shift4 In Focus Feb 27, 2024

The major indexes are pausing at record highs while small caps are running back to two-year best, just what the market rally needs. There aren’t many stocks to buy, though Brazil’s Embraer flashed an early entry. AMD and Shift4 Payments showed positive action.

Is It Time For A Market Pause? Coinbase, DFH, Google In Focus Feb 26, 2024

The Personal Consumption Expenditures report is due out on Thursday and earnings are winding down. Is this the time for the market to pause? Bitcoin play Coinbase doesn’t seem to be ready for a pause as it retook a buy point from a week ago. And homebuilder Dream Finders Homes also had a powerful breakout today. But when you look at Alphabet and Apple, these Magnificent 7 members aren’t looking nearly as magnificent.

Market Rally At Record Highs; Lennar, Manhattan Associates, AMD In Focus Feb 23, 2024

The S&P 500 hit record highs thanks to Nvidia earnings with the Nasdaq almost there. The market rally is already looking stretched again. Breadth has been so-so, though leadership remains robust. Lennar is flirting with a breakout while Manhattan Associates around potential entries. AMD stock had a wild week but yet another tight weekly close as it works on a base.

Stocks Surge After Nvidia Earnings; ServiceNow, Kinsale, FTI In Focus Feb 22, 2024

The Nasdaq composite closed less than 200 points from its all-time high of 16,212 set in November 2021. But market breadth was suspect again, with advancers beating decliners on both exchanges by a small margin. ServiceNow is making a solid second test of its 10-week line; Kinsale is holding gains after an earnings surge, while oilfield services firm TechnipFMC is forming the right side of a base.

Techs, Small Caps Extend Losses; PANW, TOL PLTR In Focus Feb 21, 2024

The Nasdaq composite and Russell 2000 lagged but rallied off lows during the 30 minutes of trading. Earnings and weak guidance from Palo Alto Networks weighed on sentiment, but homebuilder Toll Bros. rallied sharply after earnings. Palantir is testing a prior buy area.

Techs Retreat Ahead Of Nvidia; Manhattan Associates, ServiceNow, GigaCloud In Focus Feb 20, 2024

Techs led Tuesday’s market retreat, especially AI names ahead of Nvidia earnings. The Nasdaq undercut its 21-day moving average. Manhattan Associates and ServiceNow are pulling back to key levels. GigaCloud suffered a big sell-off after a massive run.

Market Rally Faces Nvidia Test; Super Micro, Lennar, Weatherford In Focus Feb 16, 2024

Stocks had a mixed week, but held up near highs despite hot inflation. Nvidia earnings loom as a huge test for the AI-led rally. Super Micro suffered a bearish sell-off after a climax-like run. Meanwhile, outside of tech, homebuilder Lennar and oil machinery play Weatherford are near buy points.

Stocks Rally, S&P 500 Reclaims 5,000; JLL, Airbnb, CVLT In Focus Feb 15, 2024

The bull run continued Wednesday, helped by another round of strong earnings reports, even as January retail sales came in much worse than expected. The 10-year Treasury yield fell for a second day after soaring Tuesday. Real estate firm Jones Lasalle gapped up powerfully; Airbnb shot higher after an earnings sell-off; Commvault Systems is holding gains bullishly.

Stocks Bounce After Sell-Off; Netflix, Birkenstock, Celsius In Focus Feb 14, 2024

The stock market rebounded Wednesday after Tuesday’s sell-off. The indexes bounced from or near key levels. But it wouldn’t take much for the Nasdaq to be extended again, while bullish sentiment is near extreme levels. Netflix offered a buying opportunity for nimble traders, while Celsius cleared some key levels. Birkenstock is setting up.

Stocks Skid On Inflation Data, Earnings; Shopify, Copart, Mercadolibre In Focus Feb 13, 2024

The stock market suffered significant losses Tuesday following hot CPI inflation and negative reactions to key earnings reports. Many leading stocks rebounded from key levels, but market breadth was very weak. Shopify sold off on earnings while Copart and MercadoLibre held up reasonably well.

Nasdaq Cools Off After A New High; Monday.com, PulteGroup, Diamondback Energy In Focus Feb 12, 2024

A rally by small and midcap names made up for a small retreat by the Nasdaq composite, but only after the Nasdaq made further ground past 16,000. It is less than a 1% rise away from eclipsing its November 2021 all-time peak. The Russell 2000’s solid gain helped affirm good numbers in terms of market breadth. AI-themed companies continue to attract attention and investor dollars, for good reason. But techs are not the only game in town lately for investors searching for stocks with breakout potential. Today we’ll highlight new buy points emerging in PulteGroup and Diamondback Energy as well as note a profit-taking sell rule in Monday.com ahead of its quarterly results early on Monday.

S&P 500 breaks 5000; Sprout Social, Kinsale, Manhattan Associates In Focus Feb 09, 2024

Breadth continued to improve as indexes started bursting through important levels. The S&P 500 made it above 5,000 while the Nasdaq composite hopped above 16,000 for a moment. Meanwhile, the small-cap Russell 2000 finally got itself back above 2,000. was positive on both exchanges by less than 2-to-1 as the S&P 500 made another effort to move through the 5,000 level. While most stocks are extended, a new crop has recently been setting up. Sprout Social broke a downtrend in a cup-with-handle today while over in insurance, Kinsale Capital finished above a cup-with-handle buy point. Meanwhile, a big earnings gap in Manhattan Associates has tightened up and is worth watching for another potential move.

Small Caps Lead Quiet Session; Arm, Marvell, UiPath In Focus Feb 08, 2024

Breadth was positive on both exchanges by less than 2-to-1 as the S&P 500 made another effort to move through the 5,000 level. Arm Holdings soared on earnings, Marvell Technology Group is approaching an alternate entry, while UiPath backed off highs after giving an early buy signal.

S&P 500 Extends Gains, Nears 5,000 Level; Netflix, ELF, ITCI In Focus Feb 07, 2024

The stock market rally continued as Wall Street weighed another round of strong earnings reports. Netflix is holding gains well after gapping up on earnings last month; sellers hit ELF Beauty despite another strong earnings report while Intra-Cellular Therapies is forming a base as it holds support at the 10-week line.

Stocks Resist Slide; Palantir, BellRing Brands, Varonis Flash Buy Signals Feb 06, 2024

The major indexes continue to hold near highs, while small caps rose modestly. Buying opportunities are relatively scarce, and often from earnings. Palantir, BellRing Brands and Varonis flashed different buy signals following earnings.

Powell Comments Can't Keep Market Indexes Down; AMD, JFrog, Expedia In Focus Feb 05, 2024

Fed Chair Powell gave a rare interview on “60 Minutes” reiterating a slow move towards rate cuts. While the market slumped early, it just refuses to stay down. Many of the leaders are extended but there are still a few that are actionable. Advanced Micro Devices formed a recent three-weeks-tight pattern that’s worth watching. JFrog broke out of a flat base today. Expedia is forming a very shallow flat base ahead of its earnings report on Thursday.

Major Indexes Hit New Highs; MongoDB, Axon Enterprise, Synopsys Flash Buy Signals Feb 02, 2024

Losers trounced winners Friday, but the Dow Jones and S&P 500 hit record highs while the Nasdaq roared to a two-year best thanks to Meta Platforms and Amazon. MongoDB also was a beneficiary, clearing a handle buy point, while Axon Enterprise and Synopsys flashed early entries.

Stocks Rebound After Fed Sell-Off; Nextera, Ferrari, Appfolio In Focus Feb 01, 2024

Advancers beat declines on the Nasdaq by nearly 2-to-1. The ratio was more than 3-to-1 positive on the NYSE. The Russell 2000 small-cap index outperformed and found support at its 50-day line again. Solar stock Nextracker and Ferrari gapped up on earnings, while real estate software firm Appfolio is showing strength and support after its earnings gap.

Stocks Pull Back After Tech Earnings, Fed Statement; RCL, TREX, MCO In Focus Jan 31, 2024

The Nasdaq composite suffered a rare distribution day, falling 2% in higher volume. Breadth was more than 2-to-1 negative on both exchanges. Royal Caribbean Cruises is showing uncanny strength ahead of earnings; Trex is forming a flat base while holding above its 10-week line, while Moody’s is trying to clear a flat base.

Techs Retreat Ahead Of Huge Earnings; Lululemon, Toll Brothers, Weatherford In Focus Jan 30, 2024

Tech stocks fell Tuesday on Apple and possible profit-taking ahead of huge earnings reports starting Tuesday night. Lululemon Athletica and Toll Brothers flirted with buying opportunities before backing off. Weatherford plunged along with many oil machinery, services and drilling plays as Saudi Arabia halted production capacity projects.

Stocks Jump As Bond Yields Fall; UiPath, Chipotle, Azek In Focus Jan 29, 2024

Advancing stocks beat decliners by more than 2-to-1 on both exchanges. The 10-year Treasury yield fell 9 basis points to 4.07% after the Treasury Department cut its borrowing plans in Q1. UiPath has started work on the right side of a cup base. Chipotle Mexican Grill cleared a flat base, while Azek gave an early buy signal as it forms a flat base.

Stocks Back Off Highs But Up For Week; Expedia, Novo Nordisk, Elastic In Focus Jan 26, 2024

The major indexes rose solidly again for the week, with the S&P 500 and Dow Jones hitting fresh all-time highs Friday before reversing. The Nasdaq struggled to advance after mid-week, but that’s not all bad given the massive earnings wave ahead. Expedia is flashing an early entry as travel stocks step up. Novo Nordisk is in a buy zone with earnings due. Elastic is trying to reclaim a buy point.

Nasdaq, S&P 500 Extend Win Streaks; Adobe, Pinterest, Caterpillar In Focus Jan 25, 2024

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.

Nasdaq, S&P 500 Fade After Strong Start; XP, Expedia, EWBC In Focus Jan 24, 2024

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.

Market Pauses At Record Highs; Snowflake, CSX, D.R. Horton In Focus Jan 23, 2024

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.

Small-Caps Outperform As Yields Drop; Digital Realty, MongoDB, ASML In Focus Jan 22, 2024

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.

S&P 500 Hits Record High; Super Micro Computer, Cloudflare, DraftKings In Focus Jan 19, 2024

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.

Chip Stocks Lead Nasdaq Rally; Taiwan Semi, ARM, URI In Focus Jan 18, 2024

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.

Indexes Fall As Bond Yields, Dollar Rise; BURL, AXON, QLYS In Focus Jan 17, 2024

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.

Market Slides, Tech Leaders Solid; Elastic, Cadence Design, Rambus In Focus Jan 16, 2024

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.

Strong Week For Market Rally; Microsoft, MercadoLibre, Novo Nordisk In Focus Jan 12, 2024

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.

Market Rally Resilient; Netflix, Shift4 Payments, Samsara In Focus Jan 11, 2024

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.

S&P 500 Moves Toward Record Highs; Microsoft, ServiceNow, GigaCloud In Focus Jan 10, 2024

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.

Stocks Pause After Big Gains; Palo Alto Networks, Howmet Aerospace, Cameco In Focus Jan 09, 2024

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.

Market Snaps Back As Techs Lead. Lululemon, Toll Brothers, Boeing In Focus Jan 08, 2024

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.

Market At Key Levels After Tough 2024 Start; Nvidia, Spotify, PulteGroup In Focus Jan 05, 2024

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.

Indexes Hit By Late-Session Selling; Novo Nordisk, Fifth Third, APO In Focus Jan 04, 2024

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.

Techs, Small Caps Extend Losses After Sell-Off; BX, SHOP, RYAAY In Focus Jan 03, 2024

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.

Nasdaq Leads Retreat To Start 2024; Celsius Eli Lilly, Microsoft In Focus Jan 02, 2024

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.

Nasdaq Caps Best Year Since 2003; Nvidia, MercadoLibre, Celsius Setting Up Dec 29, 2023

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.

Small Caps Lag In Mixed Session; FRSH, PATH, PDD In Focus Dec 28, 2023

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.

Small Caps Lead Quiet Session; Tesla, Vertex, Birkenstock In Focus Dec 27, 2023

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.

Stocks Continue To Move Higher; AppLovin, CBOE Global Markets, Netflix In Focus Dec 26, 2023

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.

Stocks Extend Weekly Win Streak; Nvidia, Samsara, Tenaris In Focus Dec 22, 2023

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.

Stocks Rebound After Sell-Off; Carnival, Zillow, Freeport-McMoRan In Focus Dec 21, 2023

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.

Stocks Reverse Lower; Google, Old Dominion, MongoDB In Focus Dec 20, 2023

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.

Rally Continues To Head Higher; Weatherford, Saia, Super Micro In Focus Dec 19, 2023

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.

FANG Stocks Strike Back As Megacaps Lead. Meta, Amazon, Netflix In Focus Dec 18, 2023

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.

Market Rally Caps Powerful Week; Steel Dynamics, Tesla, Monday.com In Focus Dec 15, 2023

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.

Small Caps Soar Again Post-Fed; American Express, FLS, DDOG In Focus Dec 14, 2023

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.

Dow Hits Record High On Fed Rate Cut Bets; Vertex, Eli Lilly, Samsara In Focus Dec 13, 2023

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.

Nasdaq Hits 2023 High; Amazon, Netflix, Freshworks Rise Off Key Support Dec 12, 2023

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.

Megacaps Hit But Not All Stocks; Applied Materials, Copart, Snowflake In Focus Dec 11, 2023

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.

S&P 500 Hits 2023 High; Arm Holdings, Microsoft, Crispr Therapeutics In Focus Dec 08, 2023

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.

Markets Take Back Wednesday’s Fade; AMD, Alphabet, Booking.com In Focus Dec 07, 2023

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.

Stocks Fade After Strong Start; Ollie’s Bargain Outlet, AMD, TREX In Focus Dec 06, 2023

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.

Megacaps Bounce Back As Small Caps Lag; Apple, Amazon, Nvidia In Focus Dec 05, 2023

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.

Megacaps Take A Break, Time For Rotation? Uber, Booz Allen, TopBuild In Focus Dec 04, 2023

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.

Small Caps Led Broad Advance; Arm Holdings, United Rentals, D.R. Horton In Focus Dec 01, 2023

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.

Tech Stocks Pause After Bullish Run; IR, SNOW, CW In Focus Nov 30, 2023

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.

Indexes Fade Early Gains; WDAY, DT, NET In Focus Nov 29, 2023

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.

Indexes Hold Near Highs: Tesla, Palantir, Marriott In Focus Nov 28, 2023

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.

Quiet Day For Indexes But Not These Stocks: Carpenter Tech, Amazon, Elf Beauty Nov 27, 2023

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.

Stocks Up Modestly In Holiday Week; Novo Nordisk, Taiwan Semi, First Citizens In Focus Nov 24, 2023

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.

Stocks Extend Gains Ahead Of Thanksgiving; AMD, Arm Holdings, FIX In Focus Nov 22, 2023

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.

Market Pulls Back; Booking Holdings, Carpenter Technology, Miniso In Focus Nov 21, 2023

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.

Power Trend Starts As Rally Resumes: Eli Lilly, Transdigm, Palo Alto In Focus Nov 20, 2023

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.

Stocks Pause To End Big Week; Nvidia, Novo Nordisk, MongoDB In Focus Nov 17, 2023

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.

Stocks Barely Budge In Constructive Session; Monday.com, Ryanair, Chipotle In Focus Nov 16, 2023

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.

Blue Chips Rise, But Some Growth Stocks Pause; Watching Netflix, Howmet, URI Nov 15, 2023

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.

Market Stages Powerful Rally; DraftKings, Toll Brothers, Super Micro In Focus Nov 14, 2023

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.

Is This The Pause We’ve Been Waiting For? Shopify, DoorDash, Li Auto In Focus Nov 13, 2023

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.

Market Rebounds Strongly To Cap Week; Taiwan Semi, MercadoLibre, GE In Focus Nov 10, 2023

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.

Nasdaq, S&P 500 Snap Win Streaks As Yields Spike; TJX, Palantir, PHM In Focus Nov 09, 2023

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.

Market Pauses; Axon, Eli Lilly, Dell In Focus Nov 08, 2023

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.

Market Extends Win Streak, Software Leads; Datadog, MongoDB, Uber In Focus Nov 07, 2023

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.

Indexes Digest Gains, Why That’s A Good Thing: Dell, Eli Lilly, XPO In Focus Nov 06, 2023

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.

Indexes Retake 50-Day To Cap Huge Week; DraftKings, Zscaler, Nvidia In Focus Nov 03, 2023

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.

Indexes Continue Piling On Gains; Uber, Pulte Group, Ferrari Break Downtrends Nov 02, 2023

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.

Market Rallies After Fed Meeting; Microsoft, Meta Platforms, Amazon Flash Buy Signals Nov 01, 2023

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.

Indexes Reverse Higher With Fed Due; Arista Networks, Cameco, ELF Beauty In Focus Oct 31, 2023

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.

Indexes Start The Week Strong, But Will It Last? Meta, Ollie’s, FTAI In Focus Oct 30, 2023

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.

Stocks Suffer Sharp Weekly Losses; Microsoft, UnitedHealth, Weatherford In Focus Oct 27, 2023

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.

Indexes Worsen As Leaders Fall; Walmart, TechnipFMC, Arista Networks In Focus Oct 26, 2023

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.

S&P 500, Nasdaq Break Below Recent Lows; Google, Vertiv, CME In Focus Oct 25, 2023

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.

Indexes Bounce Into Big Earnings; International Seaways, GE, Fair Isaac In Focus Oct 24, 2023

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.

Indexes Try To Bounce, Breadth Still A Problem; Duolingo, PDD, Vertex In Focus Oct 23, 2023

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.

Nasdaq Near Lows as Earnings Wave Looms; Microsoft, Meta, Google In Focus Oct 20, 2023

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.

Stocks Fade Late After Powell Speech; Tesla, Zscaler, VERX In Focus Oct 19, 2023

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.

Stocks Tumble As Oil, Bond Yields Rise; CDNS, AXON, BRZE Hold Up Oct 18, 2023

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.

Stocks Stuck In Range; Fair Isaac, Super Micro Computer, DraftKings In Focus Oct 17, 2023

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.

Stocks Rebound But Not All Clear Yet; Lululemon, KLA, AeroVironment In Focus Oct 16, 2023

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.

Stocks Suffer Significant Losses; Tesla, SLB, Sterling Construction In Focus Oct 13, 2023

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.

Stock Market Sinks As Bond Yields Spike; Vertex, KLA, MMYT In Focus Oct 12, 2023

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.

Stocks Hold Firm After Inflation Data, Fed Minutes; ADBE, PSN, LII In Focus Oct 11, 2023

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.

Market Keeps Rising, But Hits Resistance; Uber, Novo Nordisk, Super Micro In Focus Oct 10, 2023

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.

Market Shakes Off Mid-East Unrest; AeroVironment, Vertiv, Weatherford In Focus Oct 09, 2023

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.

Arista Networks, CrowdStrike, Eli Lilly Flash Buy Signals Amid Bullish Upside Reversal Oct 06, 2023

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.

Nasdaq Climbs Off Lows Ahead Of Jobs Report; NBIX, CME, RELY In Focus Oct 05, 2023

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.

Nasdaq Jumps 1.3% Amid Rare Bond Buying; Tesla, Duolingo, Paccar Hold Up Oct 04, 2023

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.

Yields Soar, Stocks Take A Beating; Alphabet, Halliburton, Ferrari In Focus Oct 03, 2023

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.

Surging Yields Hit Most Stocks, But Not Nvidia, Super Micro, Costco Oct 02, 2023

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.

Market Rally Fizzles On Shutdown Fears; Arista Networks, Meta, Zscaler In Focus Sep 29, 2023

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.

Stocks Extend Gains Ahead Of Inflation Data; SNPS, XPO, BX In Focus Sep 28, 2023

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.

Nasdaq Pares Losses, Battles Near 13,000 Level; FN, ANET, HAL In Focus Sep 27, 2023

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.

Stocks Resume Heavy Selling; Neurocrine Biosciences, Meta Platforms, NOV Hold Up Sep 26, 2023

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.

Stocks Halt Slide But Bounce Modest; FedEx, Costco, Li Auto In Focus Sep 25, 2023

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.

Friday’s Bounce Fizzles To Cap Grim Market Week; Tesla, Meta, Vertex In Focus Sep 22, 2023

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.

Market Correction Intensifies As Bond Yields Spike; HQY, AMGN, EG Hold Up Sep 21, 2023

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.

Stocks Fade Late On Hawkish Fed Tone; Lululemon, Costco, CrowdStrike In Focus Sep 20, 2023

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.

Bulls Ailing But Still Fighting As Fed Decision Looms; ELF Beauty, Duolingo, Uber In Focus Sep 19, 2023

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.

Stocks Barely Budge As Fed Meeting Looms; PDD, DKNG, LPLA In Focus Sep 18, 2023

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.

Stocks End Week On Ugly Note; Samsara, Caterpillar, XP In Focus Sep 15, 2023

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.

Stock Market Jumps As Nasdaq Eyes 14,000; Booking, J, FirstWatch In Focus Sep 14, 2023

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.

Nasdaq Fades Off Highs After Mixed CPI Data; Airbnb, CDNS, IR In Focus Sep 13, 2023

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.

S&P 500, Nasdaq Back Below Key Level Ahead Of Inflation Data; Apple, GE, Nextracker In Focus Sep 12, 2023

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.

Nasdaq Leads Indexes Higher Ahead Of CPI; Tesla, Meta, Trane Tech In Focus Sep 11, 2023

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.

Market Bounce Fizzles To End Bad Week; Shopify, Microsoft, Marriott In Focus Sep 08, 2023

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.

Breaches Of Support Get More Serious; Amazon.com, Nutanix, Nucor In Focus Sep 07, 2023

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.

S&P 500 Undercuts Key Level; Meta Platforms, Uber, Shopify In Focus Sep 06, 2023

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.

Indexes Hold Up But Market Breadth Weak; Oracle, Toll Brothers, GE In Focus Sep 05, 2023

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.

Market Pauses To Cap Strong Week; Baker Hughes, Samsara, Tesla In Focus Sep 01, 2023

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.

Market Mixed Heading Into Jobs Report; Amazon, Meta Platforms, GE In Focus Aug 31, 2023

The major indexes had a mixed session Thursday, though growth stocks generally advanced. More stocks flashed buy signals, such as Amazon. Meta Platforms and General Electric are setting up. All eyes turn to the Friday jobs report with Treasury yields tumbling this week on economic data.

Market Builds On Follow-Through Day Gains; Visa, Valaris, FedEx In Focus Aug 30, 2023

The major indexes piled more gains on top of Tuesday's bullish signal. Credit card giant Visa broke out of a flat base but gave up initial gains. Oil driller Valaris offered an early entry as it broke a downtrend in its handle, and FedEx got an extra bounce from its 50-day line.

Market Rally Has Bullish Session; Li Auto, Oracle, MercadoLibre In Focus Aug 29, 2023

The major indexes rallied above their 50-day moving averages in higher volume as Treasury yields and Fed rate-hike odds fell on weak jobs data. EV startup Li Auto blasted above its 21-day line, helped by some China optimism. Oracle is right around early entries while e-commerce giant MercadoLibre made a bullish bounce.

Market Shows Gains But Not Convincing Yet; Cactus, Hubbell, Ollie’s In Focus Aug 28, 2023

Stocks burst higher at the open but quickly went back and forth the rest of the day. It’s not a market that’s proving itself ready to resume its uptrend yet. Outside of tech, some names setting up include oil machinery stock Cactus tightening up in a handle after a nice run up the right side of its base. Hubbell is on the verge of a flat base entry and Ollie’s Bargain Outlet showed a nice bounce ahead of its earnings report later this week.

Market Direction Unclear; Nvidia, Caterpillar, Marsh & McLennan In Focus Aug 25, 2023

Despite Thursday’s ugly reversals, the Nasdaq and S&P 500 had solid weekly gains. Nvidia remains key to the market’s health. Outside of tech, Dow giant Caterpillar is holding up well while insurance broker Marsh & McLennan flashes a buy signal.

Stock Indexes Reverse Lower After Strong Start; UBER, SLB, WFRD In Focus Aug 24, 2023

The 10-year Treasury yield and the U.S. dollar rallied ahead of Fed Chairman Jerome Powell’s speech in Jackson Hole Friday morning. Breadth was negative by more than 2 to 1 on both exchanges. Uber has managed to sidestep the selling, while oil and gas stocks like SLB and Weatherford are holding gains well after bullish moves.

Nasdaq Jumps As Bond Yields Fall; Tidewater, Oceaneering, Intuit Show Strength Aug 23, 2023

Investors finally bought bonds, sending the 10-year Treasury yield lower by 14 bps to around 4.19%. Winners beat losers on the Nasdaq by just over 2 to 1. But the ratio was better on the NYSE at more than 3 to 1 positive. In the oil and gas sector, Tidewater and Oceaneering are finding support, along with Intuit in the technology sector.

Stocks Erase Gains As Nvidia Looms; Broadcom, ServiceNow, Baker Hughes In Focus Aug 22, 2023

The major indexes gave up Tuesday morning gains while market breadth remained weak. It’s still a rally attempt within a correction, with all eyes turning to Nvidia earnings Wednesday night. Broadcom and ServiceNow are two AI plays that could be possible buys or sells after earnings. Oil services Baker Hughes is trading tightly.

Stocks Continue Friday Bounce But Waiting Still Wise; Adobe, ADP, ANET In Focus Aug 21, 2023

Stocks looked like they were getting a nice follow-up to Friday’s bounce. But a lack of volume and breadth shows not all is right with the market yet. Still we are on the lookout for stocks setting up and Adobe seems to be finding support at its 10-week line, ADP is trading tight in its handle, and Arista Networks remains tight after its earnings gap.

Stocks Bounce Off Friday Lows, But Market In Correction; DO, BA, GOOGL In Focus Aug 18, 2023

The major indexes closed well off Friday lows, but the market is in a correction. Diamond Offshore flashed an early entry as energy plays hold up well. Boeing and Google parent Alphabet are trying to hold above buy points.

Sellers Dictate Action As Leaders Show More Cracks; MTH, META, LI In Focus Aug 17, 2023

The Nasdaq composite gave back early gains and closed near its session low for the third straight session. But the index avoided its fourth distribution day in eight sessions as volume fell from Wednesday. More leaders like Meritage Homes and Meta Platforms lost their 50-day lines, but Li Auto is still holding above the support level.

Sellers Knock Nasdaq Lower Again; XP, ATI, Chart Industries Hold Up Aug 16, 2023

The Nasdaq fell below Monday’s low in higher volume, marking the 5th distribution day in 11 trading sessions. Losers beat winners on both exchanges by nearly 3 to 1. Insurers outperformed, helped by rising interest rates. Stocks to watch include XP, ATI and Chart Industries, which are all holding support at their 10-week lines.

S&P 500 Breaks Key Level; Nvidia, Oracle And On Holding In Focus Aug 15, 2023

The Nasdaq fell back below its 50-day line, joined by the S&P 500. Nvidia continued to advance, flirting with new entries, even as many other leading stocks struggle. Oracle flashed an early entry, though. But On Holding once again sold off on earnings.

Nasdaq Snaps Back But Still Faces Challenges; Adobe, Fluor, Atlassian In Focus Aug 14, 2023

The Nasdaq composite outperformed even as the 10-year yield rallied for the third straight session. Nvidia jumped above its 50-day line after a tough week. Stocks to watch include Adobe, which is holding support at its 10-week line, along with Fluor and Atlassian, which are holding gains well after big earnings moves.

Market Rally Ailing, But OK Outside Tech; JPMorgan, Flowserve, Nvidia In Focus Aug 11, 2023

The major indexes were mixed last week but the Nasdaq fell below its 50-day moving average, with Nvidia and many other tech growth stocks doing the same. The S&P 500 is still holding the 50-day line as non-tech sectors hold up, but it is hitting 21-day resistance. JPMorgan and Flowserve are both near buy points.

Stocks Reverse Course Despite In-Line Inflation Data; FTI, LULU, MLM In Focus Aug 10, 2023

The Nasdaq composite jumped 1.6% during the first half hour of trading, but sellers eventually had the upper hand. The 10-year Treasury yield reversed sharply higher after hitting a low of around 3.96%. TechnipFMC is trading tightly near highs after a strong breakout; Lululemon is near the top of a lengthy consolidation, and Martin Marietta is still in a buy zone.

Tech Stocks Slump Ahead Of Key Inflation Report; VAL, PCAR, IBKR In Focus Aug 09, 2023

Several leading growth stocks fell hard again, weighing on the Nasdaq composite, which closed below its 50-day moving average for the first time since January. Oil and gas stocks outperformed again, including oil driller Valaris. Truck maker Paccar is in an alternate buy zone, while Interactive Brokers is near the top of a 21-week consolidation.

S&P 500, Nasdaq Pare Losses Near Key Support; MongoDB, Nvidia, SLB In Focus Aug 08, 2023

The major indexes retreated, with the S&P 500 and Nasdaq nearing their 50-day moving averages before paring losses. Many leading growth stocks suffered hefty losses, including MongoDB. But market rally leader Nvidia continues to hold strong. SLB is flirting with a buy point after a brief shakeout Tuesday morning.

Indexes Up After Tentative Start; MercadoLibre, Airbnb, United Rentals In Focus Aug 07, 2023

Major indexes were a little “whippy” early in the session but managed to finish with solid gains. Though the uptrend is under pressure, there are sectors and stocks resisting that pressure. MercadoLibre and United Rentals followed up on early entries and a pullback in Airbnb has been orderly.

Indexes Struggle To Bounce To Cap Tough Week; Broadcom, Delta, Toll Bros. In Focus Aug 04, 2023

The major indexes tried to bounce Friday but reversed lower despite tumbling Treasury yields. That capped a tough week for the market rally, which is under pressure. That’s providing an opportunity for leading stocks to set up, including Broadcom, Delta Air Lines and Toll Brothers, investors should be cautious.

Stock Indexes Firm Up After Harsh Sell-Off; On Holding, Costco, AMP In Focus Aug 03, 2023

The Nasdaq composite fell nearly 0.7% intraday but pared losses by the close ahead of Friday’s employment report. Investors sold bonds again, sending the 10-year Treasury yield sharply higher. Earnings reports from Apple and Amazon.com took center stage after the close. Stocks to watch include On Holding, Costco and Ameriprise Financial.

Stocks Slump After Fitch Downgrades U.S. Debt; VRTX, OLLI, AJG Hold Up Aug 02, 2023

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.

Stocks Show Resilience; Arista Networks, Allegro MicroSystems, Oracle In Focus Aug 01, 2023

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.

Stocks Take Breather After Rebound; UiPath, United Rentals, Trip.com In Focus Jul 31, 2023

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.

Stocks Rebound for Solid Week; Marvell, SLB, Tesla In Focus Jul 28, 2023

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.

Stock Market Reverses Lower After Strong Start; NXT, Caterpillar, TT Hold Up Jul 27, 2023

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.

Indexes Hold Firm After Fed Hikes Rates Again; Paylocity, Boeing, Dynatrace In Focus Jul 26, 2023

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.

S&P 500 Hits Rally High As Earnings Ramp Up; Miniso, Nucor, Synopsys In Focus Jul 25, 2023

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.

Markets Calm Before Earnings Storm; DraftKings, Halliburton, O’Reilly In Focus Jul 24, 2023

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.

Market Rally Still Strong; Dow Giants Microsoft, Boeing, Visa On Tap On Tap. Jul 21, 2023

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.

Dow Leads, Nasdaq Falls On Earnings. Novo Nordisk, Taiwan Semi, CrowdStrike In Focus Jul 20, 2023

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.

Tight Action For “Won’t Back Down” Market; Caesar’s, Lululemon, SLB In Focus Jul 19, 2023

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.

Microsoft Fuels Market Gains; Eli Lilly, Atkore Flash Buy Signals Jul 18, 2023

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.

Should You Buy Breakouts In An Extended Market? Chipotle, AAON, Airbnb In Focus Jul 17, 2023

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.

Market Pauses But Has Stellar Week; AMD, Rambus, Eli Lilly In Focus Jul 14, 2023

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.

Nasdaq Soars Past 14,000 With Ease; On Holding, Rambus, CPA In Focus Jul 13, 2023

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.

Stocks Jump As Consumer Prices Cool; Cava, MPWR, SHOP Show Strength Jul 12, 2023

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.

S&P 500 Rises, Market Even Stronger; Salesforce, Caterpillar, Booking Lead New Buys Jul 11, 2023

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.

Magnificent 7 Stocks Mask Underlying Strength; Zscaler, Flowserve, Expedia In Focus Jul 10, 2023

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.

Market Rally Shows Resilience; Salesforce, Tempur Sealy, SLB In Focus Jul 07, 2023

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?

Indexes Hit On ADP Data, Recover Off Lows; Microsoft, Adobe, HubSpot In Focus Jul 06, 2023

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.

Stocks Fall With Few Fireworks; Google, Monday.com, Flowserve In Focus Jul 05, 2023

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.

Mild Action On Shortened Trading Day; Airbnb, Expedia, Visa In Focus Jul 03, 2023

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.

Market Rally Roars Back To Highs; Nvidia, HubSpot, JPMorgan In Focus Jun 30, 2023

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?

Nasdaq Holds Strong As Interest Rates Spike; Visa, Adobe, Tidewater In Focus Jun 29, 2023

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.

Indexes Barely Budge As Growth Stocks Rally; NOW, MRVL, NFLX In Focus Jun 28, 2023

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.

Stocks Stage Bullish, Broad Rebound; United Airlines, FedEx, Datadog In Focus Jun 27, 2023

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?

Indexes Mixed As Titans Retreat; Nvidia, Lam Research, On Holding In Focus Jun 26, 2023

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.

Stocks Pull Back, Stubbornly; HubSpot, Rockwell Automation, Google In Focus Jun 23, 2023

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.

Nasdaq Bounces Amid Weak Breadth; MongoDB, Super Micro, Lam Research In Focus Jun 22, 2023

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.

Nasdaq Leads Pullback: Chipotle Flashes Buy Signal; Comparing Nvidia And AMD Jun 21, 2023

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.

Market Rally Resists Pullback; Meritage Homes, Allegro Micro, Lantheus In Focus Jun 20, 2023

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.

Stocks Hold The Bulk Of Weekly Gains; McKesson, Chipotle, AMD In Focus Jun 16, 2023

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.

Stock Market Uptrend Gains More Steam; Procore, Intapp, Confluent In Focus Jun 15, 2023

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.

Nasdaq Holds Firm Despite Hawkish Fed Statement; Steris, Stryker, Merit Medical Systems In Focus Jun 14, 2023

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.

Indexes Keep Rising Into Fed; Lattice Semi, Vertex, Freeport-McMoran In Focus Jun 13, 2023

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.

Nasdaq Extends Gains Ahead Of Fed; Ryanair, MongoDB, Shockwave Medical In Focus Jun 12, 2023

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.

Market Rally Has Solid Week; On Holding, Boeing, Nvidia In Focus Jun 09, 2023

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.

Tech Stocks Rebound After Sell-Off; Monday.com, ITCI, Adobe In Focus Jun 08, 2023

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.

Software Sell-Off Hits Nasdaq; Workday, DigitalOcean, Meritage Homes In Focus Jun 07, 2023

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.

Indexes Mask Underlying Strength; Shopify, TransMedics, Taiwan Semiconductor In Focus Jun 06, 2023

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.

Markets Take A Well-Deserved Pause; Fortinet, Samsara, Fluence Energy In Focus Jun 05, 2023

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.

Market Rally Revs Up, Widens Out; Tesla, Lennar, DexCom In Buy Areas Jun 02, 2023

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.

Stocks Soar Ahead Of Jobs Report; CRWD, NET, TDW In Focus Jun 01, 2023

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.

Indexes Pare Losses After Soft Start; Extreme Networks, Global-E Online, Datadog Rise May 31, 2023

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.

Nasdaq Slashes Gains; Life Time Group, On Semiconductor, Fluence Energy In Focus May 30, 2023

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.

Indexes Finish Strong In Split Week; Arista, Smartsheet, Tesla In Focus May 26, 2023

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.

Nvidia Stock Soars, Leads Big Tech Rally; ELF Beauty, Monday.com, KLA Show Strength May 25, 2023

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.

Stocks Extend Losses After Fed Minutes; Palo Alto Networks, Dynatrace, Celsius Rise May 24, 2023

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.

Indexes Fall, Many Leaders Hit; Alamos Gold, Las Vegas Sands, Meritage Homes In Focus May 23, 2023

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.

Stocks Mixed, Is Growth Ready To Lead? Shopify, 10x Genomics, Kinsale In Focus May 22, 2023

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.

AI Plays Fuel Market Rally; Can Meritage Homes, Life Time, MercadoLibre Join In? May 19, 2023

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.

Breadth Improves As Indexes Rise; Cadence Design, ASML, Netflix Show Buy Signals May 18, 2023

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.

Stocks Rebound; Royal Caribbean, Taiwan Semi, ServiceNow Flash Buy Signals May 17, 2023

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.

Megacaps, Chips Lead But Most Stocks Fall; On Holding, AMD and Axcelis In Focus May 16, 2023

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.

Indexes Up But Actionable Stocks Scarce; Array, Lam Research, Flywire In Focus May 15, 2023

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.

Underwhelming Week For Market Rally; On Semi, Kinsale, Trade Desk In Focus May 12, 2023

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.

Indexes Mixed But Megacaps Still Strong; Amazon, Meta, Shockwave In Focus May 11, 2023

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.

Nasdaq Hits 2023 Highs, But Rally Is Narrow; Google, Flywire, Axon In Focus May 10, 2023

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.

Indexes Still Stuck Below 2023 Highs; Salesforce, MongoDB, Shockwave In Focus May 09, 2023

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.

Can Indexes Overcome Resistance? AMD, Netflix, Las Vegas Sands In Focus May 08, 2023

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.

Nasdaq Soars Back Near 2023 Highs; DraftKings, Visa, TJX Cos In Focus May 05, 2023

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.

Stocks Knocked Lower On More Banking Fears; Shopify, Lantheus, AEM In Focus May 04, 2023

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.

Stocks Reverse Lower After Fed Hikes Rates Again; Uber, ELF, INSP Attract Buyers May 03, 2023

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.

Indexes Pull Back On Banking Woes; Gold miner ETF, Marriott, Arista Networks In Focus May 02, 2023

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.

Indexes Pause Ahead Of Fed Meeting; On Semi, Weatherford, Dynatrace In Focus May 01, 2023

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.

Stock Market Extends Rebound; AMD, InMode, Dexcom Near Buy Points Apr 28, 2023

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.

Nasdaq Surges, Helped By META Results; Mastercard, Boyd Gaming, IBP In Focus Apr 27, 2023

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.

Tech Rally Fades After Strong Start; Microsoft, Skechers, Zimmer Biomet In Focus Apr 26, 2023

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.

Indexes Sell Off As Fears Grow; Rambus, ServiceNow, BJ’s Wholesale In Focus Apr 25, 2023

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.

More Breakouts But No Volume; Hologic, Southern Copper, Alamos Gold In Focus Apr 24, 2023

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.

Indexes Quiet Ahead Of Earnings Flood; Arista Networks, TJX, JPMorgan In Focus Apr 21, 2023

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.

Stocks Fall On Earnings Worries; Lam Research, SPSC, IBP In Focus Apr 20, 2023

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.

Buyers Lift Indexes Off Lows Again; Intuitive Surgical, WAL, HUBS In Focus Apr 19, 2023

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.

Indexes Mark Time; Mobileye, Lockheed Martin, Las Vegas Sands In Focus Apr 18, 2023

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.

Market Resilient But Not Easy; Broadcom, DoubleVerify, Floor & Decor In Focus Apr 17, 2023

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.

Market Rally Volatile But Resilient; Netflix, Tesla, Lululemon In Focus Apr 14, 2023

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.

Stocks Race Higher In Bullish Session; Southern Copper, Visa, Apple Jump Apr 13, 2023

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.

Stocks Slump After Inflation Data; Lululemon, CRM, AESI In Focus Apr 12, 2023

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.

Indexes Fade Late, Builders FirstSource, D.R. Horton, Shockwave Make Bullish Moves Apr 11, 2023

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.

Indexes Start Weak, Finish Strong; Five Below, Crocs, Rambus In Focus Apr 10, 2023

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.

Nasdaq, Growth Stocks Bounce Back; Google, Alibaba, Intuitive Surgical In Focus Apr 06, 2023

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.

Nasdaq, Growth Stocks Hit Hard In Mixed Session; DE, JNPR, RMBS In Focus Apr 05, 2023

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.

Indexes Fall On Recession Fears; C3.ai, Atkore, ServiceNow In Focus Apr 04, 2023

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.

Oil Jumps, Techs Pause; Chevron, Super Micro, Monolithic Power In Focus Apr 03, 2023

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.

Market Rally Keeps Ramping Up; Service Now, Tesla, Aehr Test Systems In Focus Mar 31, 2023

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.

Nasdaq Extends Gains, Climbs Above 12,000; DV, ASML, ADI In Focus Mar 30, 2023

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.

Stocks Jump In Bullish Session; Workday, Rambus, TW Show Strength Mar 29, 2023

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

Indexes Stuck In Range; Microsoft, Shift 4 Payments, Skyline Near Buy Points Mar 28, 2023

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.

Blue Chips, Small Caps Lead Mixed Session; Tenable, Ulta Beauty, SMAR Hold Up Mar 27, 2023

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.

Major Indexes Rise Solidly In Wild Week; PagerDuty, MercadoLibre, Meritage Setting Up Mar 24, 2023

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.

Nasdaq, S&P 500 Fade Off Highs After Bullish Start; KBH, FLYW, MKTX In Focus Mar 23, 2023

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.

Stocks Tumble After Fed Hikes Rates Again; MSFT, LRCX, MTH Hold Up Mar 22, 2023

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.

Stocks Rally Ahead Of Fed As Banking Fears Ease; ONON, AEHR, GOOGL Jump Mar 21, 2023

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.

Techs Lag, Small Caps Lead; Palo Alto Networks, Booking, First Solar In Focus Mar 20, 2023

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.

Stocks Fall In Wild, Divergent Week; AEHR, PDD, Lennar Near Buy Points Mar 17, 2023

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.

Mobileye, HubSpot, Workday Rise As Stocks Jump On Bank Bailout News Mar 16, 2023

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.

Stocks Hit Again Amid Plunging Bond Yields; AMD, CRM, DUOL In Focus Mar 15, 2023

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.

Stocks Rally But Pare Gains; Meta Platforms, Boeing, Fortinet Mar 14, 2023

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.

Volatility Up, Investors Uncertain; MSCI, Monolithic Power, Cadence In Focus Mar 13, 2023

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.

Stocks Extend Sharp Sell-Off; Watch JPMorgan, Meta Platforms, Palo Alto Networks Mar 10, 2023

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.

Financials Lead Indexes Lower; Toro, General Electric, Iridium Hold Up Mar 09, 2023

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.

Indexes Right At Key Levels; Monolithic Power, Oracle, C3.ai In Focus Mar 08, 2023

The major indexes showed indecisive trade a day after selling off on Fed chief Powell’s hawkish testimony Tuesday. The S&P 500 and Russell 2000 are right around their 50-day lines. Chip stocks were strong, with Monolithic Power setting up. Oracle is close to a buy point with earnings due. C3.ai fell solidly for a third straight session after skyrocking Friday.

Indexes Skid On Hawkish Powell; Delta Air, Canadian Solar, Freeport-McMoRan In Focus Mar 07, 2023

The major indexes fell sharply after Fed chief Jerome Powell signaled rates will go higher and faster than previously expected. The Nasdaq composite fell below its 21-day moving average while the S&P 500 tumbled through its 21-day and undercut its 50-day line. Delta Air Lines gained altitude and Canadian Solar held up on solid days for those sectors. But Freeport-McMoRan sold off as miners tumbled.

Market Gains Fade Ahead Of Powell; Splunk, MercadoLibre, Lantheus In Focus Mar 06, 2023

The major indexes started strong but finished weak ahead of two-day testimony by Fed chair Powell. The S&P 500 and Nasdaq composite remain above their 21-day moving average lines but the Dow Jones Industrial Average hit resistance at its 50-day line. But there were still pockets of strength including a move above resistance for Splunk, a flat-base breakout by MercadoLibre and a setup continuing for Lantheus.

Market Comeback Accelerates; Nextracker, Alteryx, Caterpillar Flash Buy Signals Mar 03, 2023

The major indexes continued their rebound from Thursday morning, with the S&P 500, Nasdaq composite and Russell 2000 all reclaiming their 200-day line. A slew of leading stocks flashed buy signals amid dramatic market reversal. Solar IPO Nextracker blasted out of a base. Database software maker Alteryx flashed an early entry in strong volume. Caterpillar is actionable within its new base.

Indexes Rebound Bullishly; Salesforce, Aehr Test Systems, Dexcom Are Big Movers Mar 02, 2023

The S&P 500 and Nasdaq opened solidly lower as the 10-year Treasury yield raced above 4% on jobless claims and eurozone inflation data. But the major indexes rebounded from and above key levels. The Dow Jones led, fueled by Salesforce surging on earnings. Aehr Test Systems had a wild day on Tesla-related fears. Dexcom, which had its own existential threat last week, jumped near a buy area on positive Medicare news.

Indexes Can’t Hold Gains; First Solar, Freeport-McMoRan, Shift4 In Focus Mar 01, 2023

The major indexes couldn’t hold early gains in the stock market today, which is yet another sign of weakness. Underneath the surface, several watchlist-worthy stocks are showing strength. First Solar surged on earnings, breaking out of a base. FCX moved higher on strong economic data out of China, retaking its 50-day line. Shift4 Payments added to its gains after moving above the 50-day line on strong earnings Tuesday.

Indexes Still Range Bound; Arista Networks, Alteryx, United Airlines Setting Up Feb 28, 2023

The market uptrend remains under pressure.

Indexes Bounce But Choppy Action; Royal Caribbean, Dynatrace, Aptiv In Focus Feb 27, 2023

A strong start to the day didn’t hold and volume was lacking in winners.

Stocks Rally Ahead Of Key Inflation Data; Nvidia, Planet Fitness, SCCO In Focus Feb 24, 2023

Falling bond yields brought buyers in from the sidelines.