Stock Market Today With IBD

While the Nasdaq composite and S&P 500 took a little pause there were still some big movers under the surface. With Super Micro joining the S&P 500 it got a 25% boost but is wildly extended. BlackRock broke out of a tight flat base as some banks rallied and bitcoin hit highs. Rollins broke out of a cup-with-handle with a group that has seen recent movement to the forefront. Finally, Samsara is setting up in a base of its own but has more volatility and earnings coming on March 7. Learn more about your ad choices. Visit megaphone.fm/adchoices

The stock market rally had a strong week, with the Nasdaq hitting a record high and small caps moving back above recent highs. That offered buying opportunities for leaders such as Taiwan Semi, but the Nasdaq is already extended again. Tidewater raced higher on earnings and oil prices, while Confluent is setting up. Investors need to be patient and nimble. Learn more about your ad choices. Visit megaphone.fm/adchoices

With PCE data coming in as expected, indexes got a strong start. After some slow action midday they really ramped up into the close. AMD got a nice boost breaking out of tight area, Celsius rocked its earnings and put the squeeze on short sellers. Meanwhile, Duolingo got back above its 50-day line on a big earnings move. Learn more about your ad choices. Visit megaphone.fm/adchoices

The 10-year Treasury yield dipped 4 basis points to around 4.27% as the bond market ponders a “higher for longer” interest-rate scenario for the Fed. Amid some selling in the online travel group, India-based MakeMyTrip is showing strength and support; restaurant stock Cava is back near an all-time high after reporting earnings; On Holding is showing relative strength ahead of its March 12 earnings report. Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes are pausing at record highs while small caps are running back to two-year best, just what the market rally needs. There aren’t many stocks to buy, though Brazil’s Embraer flashed an early entry. AMD and Shift4 Payments showed positive action. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Personal Consumption Expenditures report is due out on Thursday and earnings are winding down. Is this the time for the market to pause? Bitcoin play Coinbase doesn’t seem to be ready for a pause as it retook a buy point from a week ago. And homebuilder Dream Finders Homes also had a powerful breakout today. But when you look at Alphabet and Apple, these Magnificent 7 members aren’t looking nearly as magnificent. Learn more about your ad choices. Visit megaphone.fm/adchoices

The S&P 500 hit record highs thanks to Nvidia earnings with the Nasdaq almost there. The market rally is already looking stretched again. Breadth has been so-so, though leadership remains robust. Lennar is flirting with a breakout while Manhattan Associates around potential entries. AMD stock had a wild week but yet another tight weekly close as it works on a base. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Nasdaq composite closed less than 200 points from its all-time high of 16,212 set in November 2021. But market breadth was suspect again, with advancers beating decliners on both exchanges by a small margin. ServiceNow is making a solid second test of its 10-week line; Kinsale is holding gains after an earnings surge, while oilfield services firm TechnipFMC is forming the right side of a base. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Nasdaq composite and Russell 2000 lagged but rallied off lows during the 30 minutes of trading. Earnings and weak guidance from Palo Alto Networks weighed on sentiment, but homebuilder Toll Bros. rallied sharply after earnings. Palantir is testing a prior buy area. Learn more about your ad choices. Visit megaphone.fm/adchoices

Techs led Tuesday’s market retreat, especially AI names ahead of Nvidia earnings. The Nasdaq undercut its 21-day moving average. Manhattan Associates and ServiceNow are pulling back to key levels. GigaCloud suffered a big sell-off after a massive run. Learn more about your ad choices. Visit megaphone.fm/adchoices