Very tough day today as we mourn the loss of IBD founder Bill O’Neil. An amazing individual with incredible passion and drive who touched so many lives, including mine. RIP Bill. You truly were one of a kind.
That’s my son Ryan on the right
#21
. He’s finishing the season strong in minor league ball with about 4 weeks to go. Finished up his degree last fall. Good man.
Can’t stress enough — the market always bottoms the same way. Wait for rally attempt then watch for follow through — Not all follow-through days work, but no meaningful market uptrend has started without one
With so many market leaders well extended past proper entries, it’s not so much about finding new stocks to buy at this point, it’s about managing current holdings
#IBDLive
Few, if any, damaged charts out there among market-leading growth stocks. Plenty of good setups, too. Bull case still holds water. Looking forward to
#IBDLive
Mon!
#stocks
#StockMarket
Didn’t see any major problems with $AMD earnings. Still a leader in the sector IMO. No problems giving this one some room to work. Will get plenty of discussion on
#IBDLive
tomorrow! Chart via
@MarketSmith
Friday’s FTD had plenty of power. Volume was skewed by Russell index rebalancing..still a bullish close. Health care stocks should continue to lead a tradeable rally up to the 50- day line. But it’s reasonable to expect some resistance at that level
#stocks
Just heard Ed Yardeni call for 3 straight 75-basis-point hikes. Talk about dropping the hammer. I think he's got it right, though. Would like to see it myself.
Wishing you all a very Merry Christmas. Happy holidays and all the best for a healthy and prosperous 2019. My New Year’s resolution is to be more active with market tweets in ‘19!
Big spike in put/call ratio today to 1.44%. Excessive fear seen near MANY market bottoms in past, but the velocity of the latest sell-off will likely take some time to sort out. It's OK. Cash is a position, Check out the latest Big Pic by
@IBD_JArancibia
The
#stockmarket
fired a warning shot Friday, but it’ll take a lot more than that to derail the rally. For the
#nasdaq
it’s just a test of the 10-day moving average.
#Leaderboard
is still aggressively invested, but if we see more signs of distribution, we’ll play more defense
Monthly chart provides best perspective for $TWLO. Big AH move on earnings. Looks like a breakout from 1st stage base to me. Stock trading around 73 in AH. Chart via
@MarketSmith
Back in the saddle after a great Thanksgiving in Bucks County. Post-Thanksgiving tradition with my dad: Long Island oysters on the half shell. The best!
Software stocks clearly rattled today. If you have a winner (or two), are you willing to wait for a test of the 50-day SMA? Or are you more comfortable locking in a gain? It really depends on your conviction in the stock - chart via
@MarketSmith
#stocks
#stockstowatch
Wed: First day of new rally attempt looking pretty strong. Be careful not to jump the gun, though. Watch for follow through, then ask the question: are there actionable setups?
Oh man
@mwebster1971
and
@IBD_DChung
are picking up Twitter followers by the minute. They’re closing in quickly on me. What do I do?? At least I’m in good company!!
Futures ripping higher. Let’s see if it holds. Nasdaq 100 up 3.6%. Seems more good news than bad on
#coronavirus
front. Check out
#IBDLive
tomorrow morning at 9:20 a.m. ET!
Futures down more than 4%, 10-year yield down 18 basis points to 0.53%. Oh yeah, and U.S. crude oil futures down 20% to 32.86/barrel after Saudis slash prices
#stockmarket
Always check a stock's RS line on the weekly chart. It's good to see it at or near new high ground when a stock is breaking out of base. If the RS line is lagging, caveat emptor.
Still waiting to see better breadth. On Friday, Nasdaq advancers beat decliners by slightly less than 2-to-1....on a day that saw the composite jump 3.1%!
Modest decline but clear-cut distribution in
#nasdaq
today. And it happened one day after the Nasdaq followed through on the 11th day of its rally attempt. Another reason to tread cautiously.
@IBD_DChung
has the story -->
3-dayer in
#IndianWells
couldn’t have come at a better time. Now, let’s see how the
#stockmarket
responds to Friday’s big gains. See ya’ll Mon. Don’t forget to check out
#IBDLive
at 9:20 am ET.
Some are wondering why the market sold off late Wednesday after the
#fed
— keep in mind the market has been showing mild signs of distribution for a few weeks now — saw a little more of it Wednesday
#stocks
Silver lining to recent selling in broad market is that there's a legitimate shakeout going on. Emerging leaders will start forming the right side of bases at some point amid signs of institutional buying. IBD growth screens will pick this pick this up. Patience.
Overall, still a good environment to be raising some cash. Eventually, the stock market will serve up new buys on a silver platter. Still slim pickings at the moment. Not many actionable charts.
@IBD_CGessel
got caught in traffic and showed up 15 mins before 4pm tee time Tues. Here he is on No. 8 tapping in his second birdie on front 9. Nice work!
@IBD_DRogers
@LAMarketingGuy
Buyers in $QLYS today but the deal breaker here is a lagging RS line. Agree with
@Zeninthemarkets
on
#IBDLive
today, $CRWD more interesting in security software group. Top three dollar volume stocks in group are $CRWD $ZS $OKTA
Investors Intelligence: Bullish sentiment increases to 43.9% from 39.8% prior week. Latter reading was lowest since early April 2020, around the time the indexes bottomed and confirmed a new uptrend.
Risk-on trade in full effect again Tuesday. Remember, stick with the leaders. Be careful of buying 2nd/3rd tier stocks in a group. In the chip sector, it's $AMD $NVDA, not $QCOM $AVGO. OK to stay on offense but play defense too. Don't be afraid to trim where appropriate.
Really enjoy the content
@businessinsider
but what to glean from this headline? --> Bank of America Merrill Lynch says 14 of the 19 signposts it's watching for a bear market have been triggered, but there may yet be huge stock market gains ahead.
Nice bounce off the 50-day SMA today for Nasdaq comp today. Not much vol though. 4 distribution days since 6/19. Always weigh risk/reward
@howardlindzon
On the thin side, but $PING sure acting well after breakout from IPO base. Bullish weekly gain, then 2 down weeks in very light vol 👌 chart via
@MarketSmith
Two straight sessions now where leading growth stocks have come under pressure. See $OLED $COHR $AAPL $WGO $LRCX -- plenty more. Stay nimble out there.
Distribution day for SP500 and Nasdaq Mon, but leading growth stocks generally handled the selling quite well, with many closing well off lows. Next episode of
#IBDLive
coming up at 9:20am ET. Tune in for actionable setups and market commentary
In security software, $CRWD has the look of an emerging leader. Stock up sharply in AH after reporting 4th straight quarter of triple-digit sales growth
Wow, a lot of people signed up for this webinar. Gonna be a good one! Mike Webster and Charles Harris join
@IBD_Irusha
and Jonathan Howard for Trade like a Market Shark: 5 Buying Strategies for Bigger Profits