Stock Market Today With IBD

The major indexes showed indecisive trade a day after selling off on Fed chief Powell’s hawkish testimony Tuesday. The S&P 500 and Russell 2000 are right around their 50-day lines. Chip stocks were strong, with Monolithic Power setting up. Oracle is close to a buy point with earnings due. C3.ai fell solidly for a third straight session after skyrocking Friday. Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes fell sharply after Fed chief Jerome Powell signaled rates will go higher and faster than previously expected. The Nasdaq composite fell below its 21-day moving average while the S&P 500 tumbled through its 21-day and undercut its 50-day line. Delta Air Lines gained altitude and Canadian Solar held up on solid days for those sectors. But Freeport-McMoRan sold off as miners tumbled. Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes started strong but finished weak ahead of two-day testimony by Fed chair Powell. The S&P 500 and Nasdaq composite remain above their 21-day moving average lines but the Dow Jones Industrial Average hit resistance at its 50-day line. But there were still pockets of strength including a move above resistance for Splunk, a flat-base breakout by MercadoLibre and a setup continuing for Lantheus. Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes continued their rebound from Thursday morning, with the S&P 500, Nasdaq composite and Russell 2000 all reclaiming their 200-day line. A slew of leading stocks flashed buy signals amid dramatic market reversal. Solar IPO Nextracker blasted out of a base. Database software maker Alteryx flashed an early entry in strong volume. Caterpillar is actionable within its new base. Learn more about your ad choices. Visit megaphone.fm/adchoices

The S&P 500 and Nasdaq opened solidly lower as the 10-year Treasury yield raced above 4% on jobless claims and eurozone inflation data. But the major indexes rebounded from and above key levels. The Dow Jones led, fueled by Salesforce surging on earnings. Aehr Test Systems had a wild day on Tesla-related fears. Dexcom, which had its own existential threat last week, jumped near a buy area on positive Medicare news. Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes couldn’t hold early gains in the stock market today, which is yet another sign of weakness. Underneath the surface, several watchlist-worthy stocks are showing strength. First Solar surged on earnings, breaking out of a base. FCX moved higher on strong economic data out of China, retaking its 50-day line. Shift4 Payments added to its gains after moving above the 50-day line on strong earnings Tuesday. Learn more about your ad choices. Visit megaphone.fm/adchoices

The market uptrend remains under pressure. Learn more about your ad choices. Visit megaphone.fm/adchoices

A strong start to the day didn’t hold and volume was lacking in winners. Learn more about your ad choices. Visit megaphone.fm/adchoices

Falling bond yields brought buyers in from the sidelines. Learn more about your ad choices. Visit megaphone.fm/adchoices