Software Sector Rebound Expected; Stay Selective for Intermediate Gains
I discuss $ORCL $MSFT and $IGV in tonights report which might be of interest to those that care on Software- Charts from #IBD @IBDinvestors @marketsurge- https://t.co/XW54gpjWXm While i do expect a rebound, sub-sectors like Software still require time to marinate after dropping so sharply off all-time highs in the last 6 mths. Rebuilding will take time, but generally good for intermed. term buy and holders. Selectivity remains key with still a LOT of bad patterns. See https://t.co/QJzWHks5S3 for dets on trying out our research and daily TA and Videos- Happy Spring all
Healthcare Splits: MedTech Down, Biotech Outperforms Amid Rising Rates
Despite SPX back at new highs, Healthcare has proven dismal this year, & the bifurcation in this sector w/ Med Tech turning down while Biotech outperforms is not dissimilar w/ what happened in Technology early in the year. Given my expectations...
Software Leads, Growth Falters, Confirming Market Peak
Growth had turned down sharply vs. Value last October while Software had gotten a headstart on the recent turbulence throughout March. This breakdown in R3k breadth was one of many things that gave a pretty clear signal into late...
WTI and Dollar Set for Sharp Drop, Rebound Looms
There were quite a number of factors that suggested WTI and the US Dollar were on the verge of a big plunge which coupled with recent market breadth improvement & cyclical low possibilities in early April, pointed to a rebound...
Semiconductor Equipment Stocks Rebound After Brief SOX Dip
FormFactor $FORM joins a number of Semis & Semi-Cap Eqpt stocks which have begun to strengthen again meaningfully after $SOX recent breakdown attempt proved short-lived. @marketsurge @IBDinvestors charts found here: https://t.co/vmgJqlzgJC https://t.co/2E6uI606EH
Lumentum Soars, Remains Top Telco‑Fiber Optics Performer
After more than doubling from last Oct into Jan & then moving up more than 2x again from Jan into Feb, Lumentum Hldgs $LITE continues to trade like a real Rock star even during this recent market turmoil @IBDinvestors @marketsurge Its...
Semis Break Support, Software Slides, QQQ Near Bottom
"Semis" cracked support of its 4-mth H&S today which i spoke about a bit last week but bears repeating. While $QQQ getting closer to support, this is notable short-term headwind as Software has roundtripped from Feb while $SMH and...
NVDA Drop Threatens Tech, Watch SMH Support Level
$NVDA breakdown problematic for Tech as Equal-weighted Tech ETF $RSPT also violated support today @IBDinvestors @marketsurge New charts like below found here: https://t.co/XW54gpjWXm While this might find strong support initially near 160-3, it will be important for SMH to hold 370. ...
SPX Nears Downside Target as Crypto Hits New Lows
This isn't a new call, but i had a nice discussion w/ James Connor who hosts Bloor Street Capital earlier this week, & here's a small snippet. $SPX now getting closer to initial downside target for early...
META's Bounce Fails, Trend Break Signals Downside Risk
The rolling nature of $META recent bounce attempts from last Nov proved important & negative from a Wave perspective & many were surprised to see the volatility on the undercut of $600 YESTERDAY. @IBDinvestors @Marketsurge charts here: https://t.co/XW54gpjWXm This specifically...
Fertilizer Stocks Set for Quick Support
$CF pullback likely could find support sooner than later on minor weakness following recent breakout & ongoing strong momentum in many Fertilizer names Goldman saying Hormuz might take another 3-4 weeks could continue to help the Ags @IBDinvestors @marketsurge https://t.co/jUpRKjmJBk
SMH Nears Critical $374 Threshold Amid Tech Weakness
$SMH (VanEck Semi ETF) in focus as many parts of Tech have begun to wobble a bit while QQQ just undercut last Nov lows. @IBDinvestors @marketsurge While still in consolidation here, any weekly close under $374 would be problematic...
Copper Prices Slump as Yields Rise, FCX Near $50
Breakdown in COMEX Copper joins Gold, Silver and Platinum in weakening as real yields turn back higher and Bund yields on the verge of a major multi-year breakout @IBDinvestors Investors Business Daily @marketsurge charts of Freeport McMoran $FCX fell also to...
Equities Poised to Rebound as Oil Steadies, Yields Dip
While Equities have been able to bounce as WTI has shown a mild rollover (and this likely continues for 2-3 more days) along w/ US Dollar, Yields pulling back, the broader pattern should still allow for an eventual push back...
Optical Stocks Surge While NVDA Stalls, Watch Next Week
While many continue to sit as stocks like NVDA go through multiple months of consolidation, others like the Optical names like $CIEN continue to push sharply back to new highs along with many memory names @IBDinvestors @marketsurge This bifurcation vs....
CF Industries Leads SPX, Bet on 2026 Food Prices
CF Industries $CF was the strongest outperformer today within $SPX and it continues to be right to favor Agriculture & food prices in 2026 @IBDinvestors @marketsurge I added one of its competitors to UPTICKS for my early March addition and while...
SMH Weakens; Crude Spike Needed for Risk Reversal
$SMH gradually starting to show more and more weakness as the Software malaise has begun to shift to Semis & Memory. While this is nearing "short-term" support, the short-term trend break & undercut of Tuesday's lows is still a...
Apple Dips Below Triangle; Watch MAG 7 Recovery
$AAPL broke down under minor triangle support today, & always important to monitor the "Generals" when they show meaningful strength or weakness @IBDinvestors @marketsurge While SPX and QQQ have proven range-bound in recent months, the action has proven...
Allstate’s 16‑Month Consolidation Signals Potential Breakout
While many anxiously await the markets resolution of one of the tightest trading ranges to start a year of all time, it's worth building lists of meaningful long-term consolidations https://t.co/XW54gpjWXm In this case, many Prop/Casualty stocks within the Insurance space fit this...
Key Factors for Trusting Today's Market Bounce
Can this bounce be trusted.. or not??. I'll break out WHAT needs to happen to have more confidence, today at 2:25 EST on @FoxBusiness w/ @cvpayne
Crude Surges 10%—Energy Stocks Diverge, Reversal Likely
While Crude remains more than 10% higher than last Friday's close in two trading sessions, stocks like Exxon $XOM are at lower levels from last Fri close after its steep runup. @IBDinvestors @marketsurge Similar to Gold stocks starting to...
Iran Strike Sparks Cross-Asset Volatility, Market Outlook Discussed
I'll be on with @MariaBartiromo tomorrow am- 7:10 EST on @FoxBusiness discussing the surge in cross-asset volatility given the Iran Strike & what it means for markets
Valero Set for 1‑2 Weeks More Upside
$VLO rising to near nose-bleed territory in the short run, but w/ Crude likely to approach high 70's before a peak, i expect another 1-2 weeks of strength out of VLO before this stalls out @IBDinvestors @marketsurge Big push...
Equal‑Weighted SPX Holds While Financials Remain Weak
Equal-weighted SPX is holding up despite the Software/Mag 7 decline now spreading to NVDA and to Banks. Resilient... but Financials have been drubbed this year. Here's @IBDinvestors @marketsurge new charts of $KBWB Banks- https://t.co/XW54gpjWXm I discuss Financials & when i...
Software Gains Momentum, Semis Lose Appeal
Last night's report discussed six reasons for why Software might finally start to gain traction, but this could also happen at the expense of Semis. The false breakout was very much apparent this morning & while broader mkt breadth...
CRM Poised for Bounce; Dip‑buyers Eye Software Long
$CRM - Despite the post-mkt selling, CRM looks poised to bounce in the weeks ahead & i suspect Dip-buyers can finally position long in Software for some mean reversion vs market and also vs. Semis @IBDinvestors @marketsurge NEW Beta...
NVDA Hits 2026 High, but False Breakout Looms
All eyes on $NVDA heading into tomorrow which technically DID make its highest close of 2026 today, but yet could face some headwinds from a cycle composite which is "not too bullish" starting next month https://t.co/XW54gpjWXm Important to keep a close eye...
Staples Surge Ahead While Discretionary Set to Lag
Proctor & Gamble higher by another 2% today- Staples stocks like $PG continue to make upward progress, while Retail & Casinos underperforming within Discretionary @IBDinvestors @marketsurge https://t.co/XW54gpjWXm In tonights note, i discuss why Discretionary still could lag Staples for...
Live on Fox Business: Market & Tariff Outlook
I'll be on @FoxBusiness this morning with @MariaBartiromo today at 7:10 am EST, talking markets, recent tariff developments & what's in store
ARW Breaks 4.5‑Year Base Amid Tech Weakness
Still far more interest in NVDA & MSFT than in stocks like Arrow Electronics which is on #IBD "Recent Breakouts list" from @IBDinvestors @marketsurge $ARW just cleared a lengthy 4.5 yr base since 2021 as wkly volume hit the highest...
PLTR Near $120 May Offer Counter‑Trend Bounce
$PLTR not my style to buy dips after big breakdowns, but would have attractiveness from counter-trend perspective near 120 into Monday-Wed of next week. @IBDinvestors @marketsurge NEW charts link https://t.co/XW54gpkuMU Note that 4/7/25-11/3/25 rally of 210 cal. days...
Defensive REITs and Utilities Lead Market Breakouts
Ventas $VTR the Fin Prop REIT, eclipsing highs going back to 2013 as REITS start to kick into gear again with Utilities to join the recent strength seen in Staples, Telco @IBDinvestors @marketsurge Strength in these defensives is more than...