From Investor's Business Daily:
The Dow Jones industrial average rose 0.8% and joined a broad and sharp rally in stocks today after President Donald Trump agreed to halt a one-month partial government shutdown. At Friday's session high of 24,860, the 30-stock blue chip index has now bungee-jumped 3,148 points, or more than 14%, from its Dec. 26 intraday low.Recently:
Meanwhile, BioTelemetry (BEAT), Domino's Pizza (DPZ), Tencent Music Entertainment (TME), PayPal (PYPL), Xilinx (XLNX) and Cornerstone OnDemand (CSOD) showed the type of weekly price gains shown by true market leaders.
Domino's Pizza, Tencent Music, PayPal and Xilinx are current members of IBD Leaderboard. Since BioTelemetry ranks within the top 10 inside the IBD 50, the stock's daily and weekly charts are annotated in real time to note buy points, sell signals and important aspects of price-and-volume action.
Top Stocks Do This
Xilinx, the specialist in programmable chips for data center and communications markets, blasted more than 17% higher for the week, leaving a 95.28 buy point in a cup without handle in the dust. Cornerstone rose more than 2% on Friday and rolled past a 55.54 proper entry in a base that features two major sell-offs typically seen in a good double-bottom base.
The Nasdaq composite led Friday's rally with a 1.3% gain. It also marked a fourth up week in a row, rising fractionally for the week. For the week, the S&P 500 lost about 0.3% despite Friday's 0.8% lift. The S&P SmallCap 600 snapped a four-week win streak, but gave back less than 0.2% for the week.
The iShares PHLX Semiconductor (SOXX) ETF gained more than 4% for the week. It's now testing upside resistance near the 40-week moving average....MUCH MORE
Equities: Dear Santa,
***If you look at the last five candlesticks, Friday Jan. 18 through Friday Jan. 25 (Monday holiday, no candle) we are pretty much sideways. Many more earnings next week to direct us into break-up or break-down.
Sounds like mental illness.
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