Stock Market Today With IBD Strong Start Loses Steam. Carvana, Roblox, Pulte Home In Focus.
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Sep 29, 2025 Market trends take center stage as Justin and Alexis dive into Monday's performance, discussing tariffs and government shutdown worries. They analyze the 1980 market precedent and its implications. Carvana shows promise with a potential breakout, while Roblox faces a lawsuit risk despite its recent highs. Pulte Homes signals a rotation in housing stocks, and DoorDash impresses with its breakout success. Etsy's rally on new integrations highlights the ever-changing landscape. Lastly, Robinhood's strong performance adds intrigue.
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Indexes Hide Underlying Stock Strength
- The market showed a muted finish despite many strong individual stock moves today.
- Equal-weighted measures and sector ETFs revealed pockets of leadership hidden by headline indexes.
Use Precedents As Flexible Guides
- The 1980 precedent and the 21-day moving average are guiding frameworks, not absolutes.
- Breaking into new highs or sharply crossing the 21-day MA would change the market narrative quickly.
Equal-Weight ETFs Reveal Breadth
- Equal-weighted ETFs (RSP, QQEW) outperformed cap-weighted mega-cap measures today.
- Many NASDAQ 100 names looked stronger than the trillion-dollar mega caps that weighed indexes down.