Tight Action Helps Ease Extension; Carpenter Tech, Ollie’s, Chipotle In Focus | Stock Market Today

With the Nasdaq composite’s run last week, a little consolidation of gains is just what the doctor ordered. Better yet, there are still stocks setting up nicely. Carpenter Technology got another bounce from its 50-day line and Ollie’s Bargain Outlet is trying to move out of a three-weeks tight pattern. But a dive in Chipotle Mexican Grill is a helpful reminder to pay attention to sell rules.
Stock Market Today: July 08, 2024
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[@AnneMarieBaiynd-TheTradingBook]

Love the updates - as always-so much value watching you all parse through data

[@eddievangundy4510]

These end of day analyses are absolutely great. Thank you!

[@BNBluesmasters]

I want to thank you both and Webby for a great “show” ! I watch each day and am learning a lot! A good reality lesson at the end of today’s show. Things don’t always go as we expect. Thanks again for making this available every day!

[@rajeshnaha9002]

You people are doing good job . i regularly follow IBD .. love from India❤❤...

[@bayyoung]

Great advice and breakdown.
When ypu mention exits from a position once it crosses the 50ma... I'm guessing that's on the yearly time frame you display for your videos?
Thanks

[@albertouribe435]

Thanks

[@Edward-np4ih]

CMG has some scandal in terms of giving smaller portion of food or short change customers.

[@JR-eq6jz]

Stocks nearly always put in that first breakout and fail. It’s a fake. The more times it happens I think the more bullish it gets. As then it breaks out again and everyone has given up. Then it just goes. Olli is setting up the exact same way now. We will see. 😊

[@oxannClawson]

I want to learn from you. PleasePleasePleasePleasePlease