Stock Market Today With IBD

The market was due for a bounce, but it quickly fizzled Friday. The major indexes broke lower for the week as the market fell into a correction. Tesla could be on the verge of breaking, joining other leading stocks. Meta Platforms and Vertex are holding up, for now. Learn more about your ad choices. Visit megaphone.fm/adchoices

Leading growth stocks got crushed again, but some health care stocks and insurers held up well. HSA administrator HealthEquity has been rising in heavy volume along with insurer Everest Group, while Amgen is holding gains well as it stays in a buy zone. Learn more about your ad choices. Visit megaphone.fm/adchoices

Sellers came into the market after the Federal Reserve, as expected, left the federal funds rate unchanged. The Nasdaq composite marked its fourth distribution day in 10 trading sessions. Lululemon moved back into a buy zone; Costco is near the top of a shallow base and CrowdStrike continues to hold gains well after gapping up on earnings. Learn more about your ad choices. Visit megaphone.fm/adcho...

The major indexes fell slightly with Treasury yields hitting long-term highs ahead of the Fed decision. The Nasdaq and S&P 500 closed just above critical levels. Elf Beauty is the latest leading stock to crack, even as Duolingo holds in a buy zone and Uber sets up. Learn more about your ad choices. Visit megaphone.fm/adchoices

Small caps lagged, but the other major stock indexes didn’t move much as Wall Street awaited the start of the two-day Federal Reserve meeting. China-based PDD is trading tightly post-earnings, while LPL Financial is still in a buy zone. DraftKings is setting up in a new base. Learn more about your ad choices. Visit megaphone.fm/adchoices

A day after reclaiming the 50-day line, the major indexes fell back hard on Friday, as the market continues to swing quickly between bullish and bearish signals. Samsara has round-tripped a powerful earnings gain. Caterpillar is holding up while Brazil’s XP showed strong action Friday. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Nasdaq composite, S&P 500 and Dow Jones rallied sharply and closed above their 50-day moving averages. Sentiment was positive as the odds for another rate hike before the end of the year shrink. Booking Holdings, Jacob Solutions and FirstWatch all gave buy signals. Learn more about your ad choices. Visit megaphone.fm/adchoices

The 10-year Treasury yield reversed lower after hitting a high of 4.34%. Oil and gas, airline and solar stocks lagged. Airbnb halted a four-session win streak, but continues to hold above key support levels. Cadence Design Systems outperformed, but Ingersoll Rand flashed a sell signal. Learn more about your ad choices. Visit megaphone.fm/adchoices

The S&P 500 and Nasdaq retreated below the 50-day line one day after Monday’s advance. Apple unveiled the iPhone 15 but shares fell, continuing a bad stretch. GE extended Monday’s bounce from the 50-day line while solar play Nextracker is setting up. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Nasdaq composite led for the day with a move above its 50-day moving average but the breadth still has a ways to go. Tesla jumped above its 50-day line on an analyst upgrade, Meta joined it with a move above its 50-day on reports of a ChatGPT rival and Trane Technologies broke out to all-time highs. Learn more about your ad choices. Visit megaphone.fm/adchoices

A Friday bounce fizzled as the S&P 500 and Nasdaq hit resistance near their 50-day moving averages, capping a rough week. It wouldn’t take much for the market rally to take a bullish or bearish turn. Software giants Shopify and Microsoft are acting well while Marriott rebounded bullishly. Learn more about your ad choices. Visit megaphone.fm/adchoices

The S&P 500 and Nasdaq saw more serious breaches of their 50-day moving averages, but they’re still holding above the Aug. 29 low of the follow-through day. Amazon.com is showing leadership among the FANG stocks as it bounced from its 50-day line, Nutanix is holding its earnings gap gains, and Nucor is tightening up after a long deep base. Learn more about your ad choices. Visit megaphone.fm/adcho...

The S&P 500 and Nasdaq undercut their 50-day moving averages, at least intraday, following stronger-than-expected economic data. A close below the low of the Aug. 29 follow-through day would be bearish. But for now, Meta, Uber and Shopify appear to be setting up. Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes were narrowly mixed once again, holding up despite another big rise in Treasury yields. But market breadth was weak, with housing stocks such as Toll Brothers falling solidly. Oracle flashed an early entry, while GE trades tightly. Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes were mixed again on Friday, pausing to end a strong week of gains. It’s a confirmed market rally, so investors should be taking part, but not losing their heads. Baker Hughes flashed a buy signal while IOT stock blasted higher. Tesla fell back from a key level amid a slew of big news. Learn more about your ad choices. Visit megaphone.fm/adchoices

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

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

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

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 a...

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

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

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

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

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

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