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 bit problematic on a 2-3 day basis. Any peak in Crude by Wed of next week should be helpful for a reversal in risk assets at a time when Treasuries, Equities have shown more volatility. Charts via @IBDinvestors @marketsurge #IBDPartner
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...
