Stock Market Today With IBD

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Learn more about your ad...

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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...

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. Learn more about your a...

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. Learn more about...

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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....

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 su...

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 consolida...

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 set...

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. Learn more about your ad choices. Visit m...

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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...

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 ne...

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. Learn more about your ad choices...

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....

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Learn more about your ad choices. Visit megaphone.fm/adchoices