Stock Market Today With IBD

Breadth was slightly negative on the Nasdaq but slightly positive on the NYSE. The minutes from the September Fed meeting showed the majority of officials favoring one more rate hike before the end of the year. Money flowed into bonds again, sending the 10-year Treasury yield lower for a second straight session. Adobe is back above its 10-week line as it forms a good base, while Parsons and Lennox International are near buy points. Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes continued to advance with Treasury yields tumbling, but the Nasdaq hit resistance at the 50-day line. Uber, Novo Nordisk and Super Micro triggered early entries, with SMCI making a powerful move. Learn more about your ad choices. Visit megaphone.fm/adchoices

Indexes shook off early weakness following attacks on Israel by Hamas and the subsequent declaration of war. Energy stocks won the day with Weatherford following up on Friday’s strength. Aerospace/Defense stocks also had a strong day including drone maker AeroVironment, and finally Vertiv is poised to move to new highs after already doubling in a few short months. Learn more about your ad choices. Visit megaphone.fm/adchoices

 For a third straight session, the major indexes closed near highs, staging a big, bullish upside reversal on Friday. A number of leading stocks flashed buy signals, including the last three Stock Of The Day selections: Arista Networks, CrowdStrike and Eli Lilly. Learn more about your ad choices. Visit megaphone.fm/adchoices

The 10-year Treasury yield fell for the second straight session, fueling positive sentiment. But oil fell sharply for the second straight session on demand concerns. In the biotech space, Neurocrine Biosciences is setting up a good base, along with futures exchange operator CME Group. Remitly Global is making a solid test of its 10-week line. Learn more about your ad choices. Visit megaphone.fm/adchoices

Breadth was weak again on the Nasdaq, with winners beating losers by 4 to 3. Oil stocks sold off again as WTI crude oil futures slumped 5.6% to settle at $84.22 a barrel. Truck maker Paccar cleared a trendline as it forms a flat base; Tesla drew closer to a cup-with-handle buy point, while Duolingo reclaimed a 162.20 entry. Learn more about your ad choices. Visit megaphone.fm/adchoices

Strength in the labor market from the latest JOLTS report sent the 10-year yield soaring and puts more attention on the jobs report Friday. Market breadth continued to suffer as stocks got pummeled. Still, it’s a good idea to keep watch lists fresh with Alphabet and Halliburton showing potential support at their 50-day lines. But you could also have a watch list of stock to short like Ferrari. Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes tried to rally with a government shutdown averted, but the 10-year Treasury surged to a fresh 16-year high. Market breadth was terrible, with the Dow Jones, Russell 2000 and S&P MidCap 400 all hitting correction lows. Nvidia, Super Micro and Costco bucked the trend. Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes rebounded from Wednesday’s lows, but so far the rally attempt has been lackluster, with government shutdown fears weighing on stocks Friday. Arista Networks and Meta flashed buy signals Friday morning, but fell back. Zscaler held up relatively well. Learn more about your ad choices. Visit megaphone.fm/adchoices

Breadth was just OK on the Nasdaq, with advancers beating decliners by less than 2 to 1. Oil and gas stocks lagged after outperforming Wednesday. Tech stock Synopsys gave an early buy signal; logistics firm XPO surged to the top of a flat base, while investment manager Blackstone is retesting a buy area. Learn more about your ad choices. Visit megaphone.fm/adchoices