Stock Market Today With IBD Strong Start Loses Steam. Carvana, Roblox, Pulte Home In Focus.
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Sep 29, 2025 Market trends take center stage as Justin and Alexis dive into Monday's performance, discussing tariffs and government shutdown worries. They analyze the 1980 market precedent and its implications. Carvana shows promise with a potential breakout, while Roblox faces a lawsuit risk despite its recent highs. Pulte Homes signals a rotation in housing stocks, and DoorDash impresses with its breakout success. Etsy's rally on new integrations highlights the ever-changing landscape. Lastly, Robinhood's strong performance adds intrigue.
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Growth And Crypto Show Concurrent Strength
- Growth ETFs and crypto-related ETFs both rallied, showing simultaneous strength in disparate risk assets.
- Bitcoin and Ethereum ETFs attempted to retake their 50-day moving averages after recent weakness.
Trade Carvana With Clear Entry Rules
- Consider early entries on Carvana using downtrend or handle crossovers with volume confirmation.
- Use the 400 psychological level and above-average volume as validation for a higher-conviction trade.
Carvana's Turnaround Shows In Fundamentals
- Carvana transformed after changing its business model and now shows rising EPS estimates.
- Strong composite ratings and above-average volume support the stock's renewed momentum.