Sveriges mest populära poddar

Stock Market Today With IBD

Is This The Pause We’ve Been Waiting For? Shopify, DoorDash, Li Auto In Focus

20 min • 13 november 2023

After a strong showing last week, the Nasdaq composite wasn’t willing to give up much ground. The S&P 500 is right there with it. But there is still a divergence with the other major indexes and breadth is still narrow. A pause could give other members a chance to catch up to the leaders. Shopify is going sideways after a strong earnings reaction and is looking at a double-bottom entry. DoorDash already broke out of its double bottom but had a second-chance offering at the buy point. Li Auto looks poised to shake off China weakness again as it breaks its downtrend but be careful of extra volatility. 

00:00 -00:00