Stock Market Today With IBD

The major indexes retreated Tuesday, with investors cautious heading into Nvidia earnings. The rally still looks healthy, though many leading stocks are extended. Booking Holdings and Carpenter Technology are setting up, while Chinese retailer Miniso sold off despite strong earnings. Learn more about your ad choices. Visit megaphone.fm/adchoices

After a strong week last week, the market continued higher with more gains. The market is getting its pre-game workout in ahead of the sleepy turkey holiday on Thursday. Friday will be a half day. Eli Lilly made a run at 600 but volume trickled off by the end of the day. Transdigm saw a pullback to an important area of support and Palo Alto Networks is recovering after a negative reaction to its latest earnings report. Learn more about your ad choices. Visit megaphone.fm/adchoices

The stock market capped another strong week. The major indexes enjoyed slim Friday gains as they pause somewhat, but definitely aren’t pulling back. Small caps outperformed despite hitting resistance. Nvidia earnings loom large for AI stocks and the market rally. Novo Nordisk and MongoDB also are showing strength. Learn more about your ad choices. Visit megaphone.fm/adchoices

The stock market held up relatively well in light of earnings sell-offs for Walmart, Cisco Systems and Palo Alto Networks. Bond yields fell after some Fed-friendly economic data that showed jobless claims up more than expected and weak manufacturing data. Monday.com, Ryanair and Chipotle have been rising in heavy volume, a rarity in the stock market these days. Learn more about your ad choices. Visit megaphone.fm/adchoices

Some of the market’s most beaten-down merchandise made the biggest moves Wednesday, while several top-rated growth stocks came under selling pressure after big gains over the past two weeks. Netflix, Howmet Aerospace and United Rentals are showing relative strength, but don’t chase them at current levels. Learn more about your ad choices. Visit megaphone.fm/adchoices

The market rally had a broad, powerful rally, fueled by plunging Treasury yields after a tame inflation report. A large number of stocks flashed new buy signals from a variety of sectors. DraftKings offered a new entry, while Toll Brothers broke out and Super Micro surged to top aggressive buy points. Learn more about your ad choices. Visit megaphone.fm/adchoices

After a strong showing last week, the Nasdaq composite wasn’t willing to give up much ground. The S&P 500 is right there with it. But there is still a divergence with the other major indexes and breadth is still narrow. A pause could give other members a chance to catch up to the leaders. Shopify is going sideways after a strong earnings reaction and is looking at a double-bottom entry. DoorDash already broke out of its double bottom but had a second-chance offering at the buy point. Li Auto looks poised to shake off China weakness again as it breaks its downtrend but be careful of extra volatility.  Learn more about your ad choices. Visit megaphone.fm/adchoices

After Thursday’s retreat, the market rally looked like it was ready to pause. But bulls want to run. The major indexes roared back Friday to above October highs. More leading stocks flashed buy signals, with Taiwan Semiconductor sales fueling chips. MercadoLibre is setting up after its earnings gap while General Electric is right around buy points.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Small caps lagged badly again and breadth was nearly 3-to-1 negative on both exchanges. The Nasdaq halted a nine-session win streak and marked a distribution day, its first since the Nov. 1 follow-through day. TJX held up well ahead of next week’s earnings report, while Palantir and homebuilder PulteGroup have been drifting lower in light volume. Learn more about your ad choices. Visit megaphone.fm/adchoices

Stocks are continuing to pause, which is constructive. One area of potential concern could be the small caps, which posted an outsized decline even though the 10-year yield continued to back off. Axon stock broke out on earnings, while Eli Lilly jumped on drug approval news. Dell is continuing to hold in a buy range with a bullish relative strength line. Learn more about your ad choices. Visit megaphone.fm/adchoices