Stock Market Today With IBD

The major indexes closed well off Friday lows, but the market is in a correction. Diamond Offshore flashed an early entry as energy plays hold up well. Boeing and Google parent Alphabet are trying to hold above buy points. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Nasdaq composite gave back early gains and closed near its session low for the third straight session. But the index avoided its fourth distribution day in eight sessions as volume fell from Wednesday. More leaders like Meritage Homes and Meta Platforms lost their 50-day lines, but Li Auto is still holding above the support level. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Nasdaq fell below Monday’s low in higher volume, marking the 5th distribution day in 11 trading sessions. Losers beat winners on both exchanges by nearly 3 to 1. Insurers outperformed, helped by rising interest rates. Stocks to watch include XP, ATI and Chart Industries, which are all holding support at their 10-week lines. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Nasdaq fell back below its 50-day line, joined by the S&P 500. Nvidia continued to advance, flirting with new entries, even as many other leading stocks struggle. Oracle flashed an early entry, though. But On Holding once again sold off on earnings.  Learn more about your ad choices. Visit megaphone.fm/adchoices

The Nasdaq composite outperformed even as the 10-year yield rallied for the third straight session. Nvidia jumped above its 50-day line after a tough week. Stocks to watch include Adobe, which is holding support at its 10-week line, along with Fluor and Atlassian, which are holding gains well after big earnings moves.  Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes were mixed last week but the Nasdaq fell below its 50-day moving average, with Nvidia and many other tech growth stocks doing the same. The S&P 500 is still holding the 50-day line as non-tech sectors hold up, but it is hitting 21-day resistance. JPMorgan and Flowserve are both near buy points. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Nasdaq composite jumped 1.6% during the first half hour of trading, but sellers eventually had the upper hand. The 10-year Treasury yield reversed sharply higher after hitting a low of around 3.96%. TechnipFMC is trading tightly near highs after a strong breakout; Lululemon is near the top of a lengthy consolidation, and Martin Marietta is still in a buy zone. Learn more about your ad choices. Visit megaphone.fm/adchoices

Several leading growth stocks fell hard again, weighing on the Nasdaq composite, which closed below its 50-day moving average for the first time since January. Oil and gas stocks outperformed again, including oil driller Valaris. Truck maker Paccar is in an alternate buy zone, while Interactive Brokers is near the top of a 21-week consolidation. Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes retreated, with the S&P 500 and Nasdaq nearing their 50-day moving averages before paring losses. Many leading growth stocks suffered hefty losses, including MongoDB. But market rally leader Nvidia continues to hold strong. SLB is flirting with a buy point after a brief shakeout Tuesday morning. Learn more about your ad choices. Visit megaphone.fm/adchoices

Major indexes were a little “whippy” early in the session but managed to finish with solid gains. Though the uptrend is under pressure, there are sectors and stocks resisting that pressure. MercadoLibre and United Rentals followed up on early entries and a pullback in Airbnb has been orderly. Learn more about your ad choices. Visit megaphone.fm/adchoices