Stock Market Today With IBD Stocks Mixed As Oil, Yields Bounce; Caterpillar, Cloudflare, Curtiss-Wright In Focus
Mar 24, 2026
Markets saw mixed action with oil and Treasury yields bouncing back, stirring debate over risks if yields climb further. Discussion covers rally-attempt mechanics and the importance of the 200-day line. Spotlight on Caterpillar’s upside reversal and entry strategy, Cloudflare’s relative strength and potential handle, and Curtiss-Wright’s aerospace uptrend and 50-day support test.
AI Snips
Chapters
Transcript
Episode notes
Rally Attempts Often Fizzle Without Follow-Through
- Market rally attempts are fragile when driven by short-lived news events like oil moves or political headlines.
- The S&P and NASDAQ need sustainable follow-through above the 200-day line to confirm a real market turnaround, not just one- or two-day bounces.
Use Follow-Through Day For Test Buys Only
- Treat a follow-through day as a tentative entry signal, not a guarantee, requiring a 1%+ gain with heavier volume after a rally attempt.
- Use it to place small test buys and validate a turn before committing larger positions.
Caterpillar Offers A Low-Risk Setup Near 50-Day
- Caterpillar shows a constructive technical setup: outside day upside reversal, reclaiming the 21-day and sitting right at the 50-day near the 700 round number.
- In a stronger market this would be actionable, offering a clear low-risk entry using the day's low or the 50-day as a stop reference.