Stock Market Today With IBD

The Nasdaq composite and S&P 500 remained flat for most of the day. Underneath the surface, there was more strength as many growth stocks surged. Zscaler saw a strong bounce from its 21-day line, Flowserve broke out of a cup with handle and Expedia is right there at its own cup-with-handle buy point. Learn more about your ad choices. Visit megaphone.fm/adchoices

 Stocks fell slightly for the week, but came off lows even with Treasury yields up sharply. Salesforce is holding key support, despite below an early entry. Tempur Sealy is trying to clear key resistance. SLB soared above key levels. The market rally is showing resilience near 2023 highs, but does it have much room to run? Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes fell in early trading after ADP payroll numbers came in hotter than expected. But rather than grinding lower, they recovered off their lows. Software helped in that regard with Microsoft, Adobe and HubSpot all trading tightly and refusing to give up gains. Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes fell slightly, with Meta and a few megacaps limiting losses. Market breadth was weak, but few losers showed much chart damage.Google flashed a buy signal. Monday.com reversed higher from key support and Flowserve held near a buy point. Learn more about your ad choices. Visit megaphone.fm/adchoices

It was a shortened day ahead of the holiday and while the action overall was mild, stocks continue to setup in a broad-based rally. We focus on travel today including Airbnb clearing resistance around 130. Travel booking was also doing well and Expedia is approaching a 114.37 buy point. You have to pay for that travel somehow and Visa cleared a 235 buy area last week after an early entry opportunity and is still hanging in a buy zone. Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes staged upside, outside weeks, rebounding from key support. The S&P 500 hit a fresh 14-month high. Many stocks flashed buy signals from a variety of sectors, including Nvidia, HubSpot and JPMorgan. But is the Nasdaq already extended again? Learn more about your ad choices. Visit megaphone.fm/adchoices

Some leading software stocks and homebuilders came under selling pressure, but major stock indexes turned in another resilient performance. The 10-year Treasury yield spiked on stronger than expected Q1 GDP data and an unexpected drop in weekly jobless claims. Visa and Tidewater are closing in on buy points, while Adobe is holding tight near highs after several up weeks in a row. Learn more about your ad choices. Visit megaphone.fm/adchoices

Growth stocks shined again in a mixed and mostly unchanged performance for the major stock indexes. Advancing stocks had a light edge over decliners on both exchanges. ServiceNow and Marvell Technology are holding gains well after recent earnings breakouts. Netflix gapped up, helped by positive comments from Oppeheimer. Learn more about your ad choices. Visit megaphone.fm/adchoices

Indexes rebounded from or back above the 21-day line Tuesday in above-average volume. The advance was broad-based with a number of stocks flashing buy signals, including United Airlines and FedEx Is the market pullback over? Learn more about your ad choices. Visit megaphone.fm/adchoices

Megacap stocks fell, some solidly, yet overall market breadth was positive. The Nasdaq is pulling back toward its 21-day. Nvidia retreated Monday, but still looks healthy. Lam Research and On Holding made bullish moves. Learn more about your ad choices. Visit megaphone.fm/adchoices