Stock Market Today With IBD

The major indexes were firm Tuesday, with the Nasdaq and S&P 500 near record highs. But market breadth was weak, with small caps falling back below the 50-day line. Spotify and Novo Nordisk cleared buy points while GE Aerospace is finding key support, working on a new base. Learn more about your ad choices. Visit megaphone.fm/adchoices

There was a lot to talk about in the market after Friday’s reversal. The NYSE had some glitches that led to some wrong prices in Warren Buffet’s Berkshire Hathaway (BRKA) and others. Elections in Mexico and India had very different effects on those stocks and the CEO of Lattice Semiconductor (LSCC) found greener pastures at Coherent (COHR). On top of that you also had some good looking charts in the Domino’s (DPZ) as restaurant stocks continue to set up. Medical is also coming on strong with Regeneron (REGN) following up on its reversal last week. Learn more about your ad choices. Visit megaphone.fm/adchoices

Mike Webster and Alissa Coram walk through this week’s technical action and stocks to watch in the Friday extended version of Stock Market Today.  Learn more about your ad choices. Visit megaphone.fm/adchoices

The 10-year Treasury yield took a breather after two days of sharp gains. Despite losses for the major stock indexes, breadth was slightly positive on the Nasdaq and about 3-to-1 positive on the NYSE. Chubb is back in a buy zone after a low-volume pullback. ISRG tried to clear a flat base again to no avail while UHS cleared a cup-with-handle base. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Nasdaq pared losses while the S&P 500 traded in a tight range and closed comfortably above its 21-day line. Losers beat winners on the NYSE by more than 5-to-1; the ratio was nearly 3-to-1 negative on the Nasdaq. Cava reversed higher after falling nearly 10% intraday; Dutch Bros is back in rally mode after some post-earnings softness; Robinhood is back in a buy zone after the company announced a big share buyback. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Nasdaq briefly topped 17,000 as Nvidia continues to run higher, but market breadth was weak, with the Dow Jones undercutting its 50-day line. Arm Holdings and Wingstop flashed buy signals, while Celsius plunged below a key level. Learn more about your ad choices. Visit megaphone.fm/adchoices

Exploring the bullish turn in the stock market after a downside reversal. Analyzing market performance, stock trends including Deckers, Nvidia, and Netflix. Insights on tactical entry strategies, stock analysis, and market trends using candlestick charts. Discussion on small caps' influence, downside reversals as buy signals, and historical data impacting market behavior.

The 10-year Treasury rose above some key levels after the flash Composite Purchasing Manager’s Index (PMI) came in stronger than expected. Nvidia faded off highs after the Nasdaq composite pared an intraday gain of nearly 1.2% to a loss of 0.4% by the close. Novo Nordisk, Crocs and Ryan Specialty are still holding near highs. Learn more about your ad choices. Visit megaphone.fm/adchoices

The 10-year Treasury yield rallied a bit after the minutes from the May 1 Fed meeting were released. Just after the close, the yield was trading around 4.43%, up 2 basis points. Oil and gas stocks lagged badly, along with metals and mining stocks. Loar Holdings followed through after clearing an IPO base Tuesday; Monday.com is holding gains well after gapping up on earnings; Vertex Pharmaceuticals is near the top of a shallow cup base. Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes had another quiet session, as investors await Nvidia earnings. But leading stocks continue to fare well. Eli Lilly broke out while Microsoft flashed a buy signal. Ares Management tumbled Tuesday on investor day, but pared losses to hold the buy zone. Learn more about your ad choices. Visit megaphone.fm/adchoices