Stock Market Today With IBD

Even though some of the star players are coming down, there seem to be some understudies waiting in the wings. Sprouts Farmers Market got our “ants” signal but tightened up afterward. Now, it’s found support at its 10-week line. Insurance companies continue to show relative strength as Hartford Financial staged a breakout today. Healthcare stocks are right there too with Merck coming up to prior resistance and setup to breakthrough. Learn more about your ad choices. Visit megaphone.fm/adchoices

Is the party over or just moving locations? The downside reversal on Thursday is certainly affecting Nvidia as it continued to weaken, but other megacaps are picking up the slack. Alphabet is looking at a closing high after moving above a three-weeks-tight area and Spotify found support at its 21-day moving average line. Learn more about your ad choices. Visit megaphone.fm/adchoices

Losers had a slight edge over winners on both exchanges. The S&P 500 turned lower after poking above the 5,500 level, while blue chips finally enjoyed a day of outperformance. China-based Kanzhun and Chubb are close to breaking out of downtrends, while Palantir might be adding a handle to its current pattern. Learn more about your ad choices. Visit megaphone.fm/adchoices

The stock market had a relatively quiet pre-holiday session, with the S&P 500 and Nasdaq holding around record highs. The latter is somewhat extended, something to consider when analyzing possible buys and sells. ELF Beauty broke out, while Goldman Sachs and Granite Construction are right on the cusp of early entries. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Nasdaq led a solid advance on Monday, with the 18,000 level looking like a magnet to the upside. But the faster the market rises, the harder it may pull back. The tech-heavy index is now nearly 9% above its 50-day moving average and well above its 21-day line. Today’s sharp move could mean the risk of a steeper pullback is now elevated. Among individual stocks, On Holding (ONON) reversed higher after testing a critical support area. GE Aerospace (GE) cleared a trendline entry and Carvana (CVNA) bounced off a key psychological level. Learn more about your ad choices. Visit megaphone.fm/adchoices

Mike Webster and Alissa Coram walk through this week’s technical action and stocks to watch in the Friday extended version of Stock Market Today. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Nasdaq hit another all-time best thanks to a few big caps, and is starting to look extended. The S&P 500 set a closing high. But the Dow and Russell 2000 fell, struggling around the 50-day line, though they came off early afternoon lows. Chipotle cleared a short consolidation while Universal Health held a buy zone. GE Aerospace fell through its 50-day. Learn more about your ad choices. Visit megaphone.fm/adchoices

The S&P 500 and Nasdaq hit fresh record highs while small caps jumped, fueled by a tame CPI report before the open. Stocks largely held their gains despite a somewhat-hawkish Fed rate outlook, but then faded late in the session. Booking Holding broke out while Fair Isaac made a bullish move. KB Home soared initially, but slashed gains as Treasury yields pared losses. Learn more about your ad choices. Visit megaphone.fm/adchoices

Stocks closed mixed but near session highs. Apple surged out of a base, driving the Nasdaq to a record high. Arista Networks flashed a buy signal while Lam Research is trading around buy points. The CPI inflation report is due early Wednesday with the Fed’s “dot-plot” rate outlook on tap in the afternoon. Learn more about your ad choices. Visit megaphone.fm/adchoices

Winners were evenly split with losers on both exchanges as the Nasdaq composite and S&P 500 trade tightly near highs. The 10-year Treasury yield rallied again after surging 15 basis points Friday. General Motors broke out powerfully from a flat base. Learn more about your ad choices. Visit megaphone.fm/adchoices