Stock Market Today With IBD

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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. Learn more about your ad choices....

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

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

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

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