The Nasdaq composite on Monday sent a strong message to stock market watchers: Look at me now, I’m the leader. Now the question is: Will the other key equity indexes follow? With just 10 trading sessions remaining in the year, keeping a close eye on potential divergence in action between the Nasdaq and other key…
Put that “Nasdaq 20,000” hat in the drawer for now. The stock market decided on Monday that taking profits was on order for the day. The Nasdaq headed into Monday’s action with three straight weekly gains on its belt. On Monday morning, it eked out an all-time high of 19,872 before reversing. Thus, a 0.6%…
Breakouts can be really powerful. While megacap Nvidia (NVDA) has been moving sideways since October, three cruise stocks, including Carnival (CCL), have rallied after strong breakouts. These cruise stocks started to rally in September or October and climbed further with the Trump trade, trouncing the S&P 500. The Investor’s Business Daily’s Stock Screener also shows…