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Ed Carson Profile picture
Ed Carson
@IBD_ECarson
IBD News Editor by day, I write about the #stockmarket at night. I'm on #IBDLive in the morning. Gen X pop culture enthusiast. Sleep optional. @IBDInvestors
May 13, 2023 • 10 tweets • 5 min read
The Nasdaq hit a 2023 high last week, but other indexes fell and breadth remained weak. The current market action is dangerous for investors. 1/
investors.com/market-trend/s… $TSLA $AMD $ON $AEHR $ACLS $AVGO $LRCX $SRPT ImageImage Let's not go crazy with the divergence. Yes, the Nasdaq rose slightly for the week while the S&P 500 and Dow fell. But all extended their streak of tight weekly closes. Even the Dow held support at the 50-day/10-week lines. 2/ Image
Nov 12, 2022 • 6 tweets • 5 min read
The market rally soared on tame inflation data, with the Nasdaq having its best week since March. The Nas and S&P 500 decisively cleared their 50-day lines while the Dow and Russell 2000 topped the 200-day. $TSLA $ANET $PSTG $MBLY $FLEX $FOUR $AAPL (1/6) investors.com/market-trend/s… ImageImageImageImage Treasury yields and the dollar plunged. For the next few weeks, there won't be big inflation/labor data, so that could give the market rally room/time to run. But that doesn't mean investors should quickly ramp up exposure. (2/6) ImageImage
Sep 10, 2022 • 5 tweets • 3 min read
Market rally revived last week. The S&P 500 and Russell 2000 reclaimed their 50-day & 21-day lines, the Nasdaq moved slightly above its 50-day. The Dow finished just shy. Can't quite say rally decisively broke above 50D. (1/5) investors.com/market-trend/s… $TSLA $ANET $PSTG $ENPH $NBIX But in some ways the market is a lot better than the big-cap indexes suggest. $RSP, the equal-weight S&P 500 ETF, retook its 50-day line on Wed. and kept rising. Megacaps, though they did fine Fri., have masked broader market strength. (2/5)
Aug 20, 2022 • 9 tweets • 5 min read
The stock market hit resistance near the 200-day line, retreating after weeks of gains. The Nasdaq is moving toward its 21-day EMA. A pullback could create a slew of setups, but investors should wait to see how it plays out. (1/9) $OXY $CELH $TSLA $AAPL $AZN $PODD $MPWR While the major indexes resisted a pullback - the Dow and S&P 500 were positive for the week until Friday - highly valued growth starting selling off earlier. $ARKK plunged to below its 50-day line, down 14.1% for the week. (2/9)
Aug 13, 2022 • 6 tweets • 4 min read
Stocks shrugged off reversals on Monday & Thursday, ending the week with strong gains. The market rally now faces the 200-day line, which the Russell 2000 just crossed. Here's what investors should do now. (1/6)
investors.com/market-trend/s… $AAPL $MSFT $COST $UNH $XOM $LI $TSLA #BYD Apple is near a double-bottom buy point, and just below a trendline entry, but could really use a handle first. Exxon Mobil, UnitedHealth, Microsoft and Costco also stocks setting up. (2/6) $AAPL $MSFT $UNH $COST $XOM