Stock Market Today With IBD

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

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

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

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

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

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. Learn more about your ad choices....

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

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

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

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

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

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. Learn more a...

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

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. Learn more about...

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

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

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

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

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

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

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

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

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

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

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