International Business Machines Stock (IBM)

Yes, I’ve added to IBM ($IBM) on today’s weakness. Readers will see that after falling out of bed late this past winter, the shares of IBM had developed a rectangle pattern with a $258 pivot over the following three-month period. The stock broke out of that pattern in response to the above news flow. In doing so, …

Quantum computing stocks sold off hard on Wednesday ahead of the Quantinuum IPO at the Nasdaq Market Site on Thursday. Quantinuum, which is majority owned by Honeywell ($HON), will officially begin trading later today under the ticker symbol “QNT.” On Wednesday, Infleqtion ($INFQ) gave up 12.4%, Rigetti Computing ($RGTI) gave back 10.4%, and D-Wave Quantum …

Monday's market advance had some conspicuous and worrisome divergences: * Market breadth was poor and leadership continued to narrow (even more noticeably than in the past few days): * The VIX strengthened to 18.38 (+1.19). * Financials were noticeably weak. Homebuilders, restaurants (Shake ...

* Violent rotation (from tech/financial to staples), private equity concerns and disruptive AI tools — were the major market themes yesterday * Over history, leadership changes are typically market unfriendly * 'Ruby or…

Premarket percentage movers, lead by UPS UPS , Whirlpool WHR , Cigna CI downside; IBM IBM upside: