Stock Market Today With IBD Market Gains Fade Despite Chip, Bank Strength; AMD, Dycom, Primoris In Focus
Jan 15, 2026
Market openings showed strength, particularly in chips and banks, but there was a notable fade by day’s end. Small-cap stocks led the charge, with significant index divergences. The Nasdaq's consolidation pattern was examined alongside equal-weight ETFs indicating broader strength. Bank earnings overshadowed concerns, while the chip sector, buoyed by Taiwan Semiconductor results, demonstrated impressive gains. Conversely, software stocks faced challenges, affecting ARKK's performance. AMD and DICOM were spotlighted for their potential buy setups, alongside Primoris showcasing strong revenue growth.
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Morning Strength, Afternoon Fade
- The market opened strong on chip and bank earnings but faded by the close, showing intra-day weakness despite positive catalysts.
- Ed Carson notes divergence within tech and that equal-weighted measures hide mega-cap weakness.
Nasdaq Lags While Indexes Near Records
- The Nasdaq lags while other indexes near record highs, keeping the market close to all-time highs but not quite there yet.
- Ed Carson says one or two good sessions could push the Nasdaq toward all-time highs if momentum returns.
Chips Drive Strength
- Chip stocks led the market with strong gains after Taiwan Semiconductor results, lifting SMH into high ground.
- Alexis Garcia and Ed Carson note chips remain one of the strongest segments of tech today.