The major indexes got a strong start for the week as they built on gains throughout the day. The 10-year treasury yield may have trouble holding above 4% on the near term. In addition to tech,  consumer stocks were alive and well with Lululemon Athletica turning a loss into a gain with support at its 21-day line. Home builders were strong as Toll Brothers popped back above 100. But it wasn’t all rosy. Boeing dropped on news which brings up loss-cutting strategies when stocks don’t work out.

Market Snaps Back As Techs Lead. Lululemon, Toll Brothers, Boeing In Focus

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Mike Webster and Alissa Coram walk through this week’s technical action and stocks to watch in the Friday extended version of Stock Market Today.

Power Trend’s First Real Test A Success; Logitech, Vertex, MercadoLibre In Focus

The 10-year Treasury yield took a breather after two days of sharp gains. Despite losses for the major stock indexes, breadth was slightly positive on the Nasdaq and about 3-to-1 positive on the NYSE. Chubb is back in a buy zone after a low-volume pullback. ISRG tried to clear a flat base again to no avail while UHS cleared a cup-with-handle base.

Stocks Pressured Ahead Of Inflation Report; Chubb, ISRG, UHS In Focus

The Nasdaq pared losses while the S&P 500 traded in a tight range and closed comfortably above its 21-day line. Losers beat winners on the NYSE by more than 5-to-1; the ratio was nearly 3-to-1 negative on the Nasdaq. Cava reversed higher after falling nearly 10% intraday; Dutch Bros is back in rally mode after some post-earnings softness; Robinhood is back in a buy zone after the company announced a big share buyback.

Nasdaq Pulls Back In Orderly Fashion; Cava, Dutch Bros, Robinhood In Focus

The Nasdaq briefly topped 17,000 as Nvidia continues to run higher, but market breadth was weak, with the Dow Jones undercutting its 50-day line. Arm Holdings and Wingstop flashed buy signals, while Celsius plunged below a key level.

Nasdaq Hits 17,000 But Rally Narrows; Arm Holdings, Wingstop, Celsius In Focus

After a bearish reversal in Thursday’s session, the stock market bucked the weakness and delivered a positive expectation breaker. How bullish should you be now? Mike Webster and Alissa Coram walk through this week’s technical action and stocks to watch in the Friday extended version of Stock Market Today.

Market Snaps Back As Techs Lead. Lululemon, Toll Brothers, Boeing In Focus

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