Stock Market Today With IBD

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

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

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

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

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

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

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

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 opportuni...

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

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. Learn more about...

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

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

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

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

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

The stock market rally pulled back again Wednesday, with the Nasdaq leading the downside this time. Investors should watch leading stocks to see which hold up and which falter, such as Nvidia vs. AMD. Meanwhile, Chipotle flashed an early entry. Learn more about your ad choices. Visit megaphone.fm/adchoices

The stock market rally generally pulled back modestly Tuesday, but the Nasdaq resisted thanks to megacap leaders. Meritage Homes reclaimed a buy point while Lantheus and Allegro Microsystems flashed early entries, though ALGM stock pared gains significantly. Learn more about your ad choices. Visit megaphone.fm/adchoices

The stock market rally had a big week. The Nasdaq is extended, but only reluctantly retreated Friday. Investors may want to be cautious in the short run, but looking for new opportunities. McKesson broke out Friday, while Chipotle continues to trade tightly. AMD is retreating toward key levels. Learn more about your ad choices. Visit megaphone.fm/adchoices

The U.S. dollar fell hard again and bond yields dropped, one day after the Federal Reserve held interest rates steady but sounded a hawkish tone. The crop of extended stocks is getting larger by the day, but the train hasn’t left the station yet when it comes to software stocks like Procore Technologies, Intapp and Confluent. Learn more about your ad choices. Visit megaphone.fm/adchoices

Stocks recovered off lows even after the Federal Reserve raised its year-end fed funds rate forecast to 5.6%. Small caps lagged, but buyers lifted the Nasdaq and S&P 500 well off lows by the close. UnitedHealth Group weighed on the Dow, but bad news from the health insurer was good news for healthcare stocks like Steris, Stryker and Merit Medical Systems. Learn more about your ad choices. Visit me...

Small caps led while Nasdaq and S&P 500 hit fresh 52-week highs heading into the Fed decision. The Nasdaq is getting extended, with many leaders out of reach. Lattice Semiconductor, Vertex Pharmaceuticals and Freeport-McMoran are flashing buy signals. But investors need patience. Learn more about your ad choices. Visit megaphone.fm/adchoices

Tech stocks led as the Nasdaq extended gains higher. In the travel sector, Ryanair formed a three-weeks-tight pattern and continued tight trading. MongoDB formed a short-stroke pattern and moved higher and Shockwave Medical continued to set up in a cup with handle. Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes were little changed for the week. But market breadth improved, with solid gains for small caps and midcaps despite cooling late in the week. The lofty Nasdaq and the looming Fed meeting offer reasons to be cautious amid the bullish trends. On Holding flashed a buy signal Friday with Boeing in buy range and Nvidia setting up. Learn more about your ad choices. Visit megaphone.fm/ad...

Small caps lagged but IWM fought off lows by the close. Breadth wasn’t great as declining stocks had a slight edge over advancers on both exchanges. Monday.com is back in a buy zone; ITCI is bouncing off its 10-week moving average, and Adobe is near the top of a long consolidation ahead of next week’s earnings report. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Russell 2000 small-cap index outperformed again, but several software stocks came under heavy selling pressure. Volume rose, giving the Nasdaq composite and S&P 500 another distribution day. Workday looks ready to test the 200 level; DigitalOcean halted an eight-session win streak, while Meritage Homes topped a new buy point. Learn more about your ad choices. Visit megaphone.fm/adchoices