Stocks Rise Amid Iran News; Comfort Systems, Powell, Burlington In Focus

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0:25Hello and welcome to another episode of the Stock Market Today video. We are coming to you live, as we typically do, right after the market close on a Monday. Today is April 6, 2026. We just had an Easter weekend, and I'm also sporting some UCLA gear in honor of the UCLA women's basketball team that won their first national championship, which was a very exciting game. So let's get right into it. A little bit of a quiet day. A lot of other markets around the world kind of closed for the day after Easter holiday. We had our market closed on Friday for the Good Friday holiday. But here to walk us through all of the action that was going on or not going on is Ed Carson, our news editor.

1:05How are you doing, Ed? Doing fine, Justin. And I wanted to also take a look at Comfort Systems, Powell Industries, and Burlington Stores. Awesome. And, yeah, by the way, for those that don't know, Ed is coming to us on his vacation day. This is what he does on his vacation days. I live a full and rewarding life. Yes, that's right, exactly. Always available. And that's not necessarily saying a good thing for you. Well, real quickly, just kind of knocking down the indexes. We had the S &P 500 up just under a half a percent. NASDAQ Composite just up over half a percent. The Q's up a little bit over six tenths of a percent.

1:44The Dow Jones Industrial Average up 0.3, roughly between three and four tenths. And then the Russell 2000 was up four tenths of a percent. So let's look at some charts. Of course, we are using our market surge beta that is going to be going a full live and, you know, not beta anymore, just market surge fairly soon. Here's the NASDAQ composite. I guess the big thing here is back above the 21 day moving average line. What do you make of it? I mean, it's nice. I'll take it. I mean, it's just one of those small things. It's like, it's just one little extra thing, but you want the big prize. You know, it's just like, so we need to get that follow through day.

2:27The rally attempt is still going on. We need a powerful day. I'd really like us to get over the 200 day, 50 day line. It's also, you know, there's just a lot of range of outcomes. We can like overnight, we could get a peace deal or some kind of ceasefire or, you know, tomorrow evening we could get, Trump saying we're ordering bombing, all sorts of things, like really stepping, escalating the war. Or there's some extension of the deadline. Hey, talks are moving, da-da-da-da-da. And so I don't know where the market's going next. I mean, it's just so headline-driven. It's nice to see this move. And it is nice to see that, you know, that once again, the market is rising even with oil prices continuing to trend higher, which is a little unusual.

3:08well, that raises the prospect at some point. Will that divergence resolve itself negatively or positively? I don't know. But, you know, so that's just something to be aware of. But yeah, but it's we just need to see more. But it was it was a nice day. Yeah, certainly, again, with the oil prices, as you said, this was certainly putting a dampening effect of because of all of the economic ramifications that kind of follow along with that, what it does to inflation, what it does to the economic output potentially with the Strait of Hormuz closed and with the oil prices going higher. But yeah, it's oil prices are going higher and the market seems to shrug it off.

3:47Now, I remember, you know, a while back, this seemed to be happening with the homebuilders. You know, the interest yields were going higher and it was like the homebuilders were like, oh, we don't care. We don't care. And then all of a sudden it did. You know, do you think that might be one of those cases where it kind of hits this critical point? And then all of a sudden it's like, oh, wow, this really matters. Yeah, it does. But we don't know. And of course, the news could happen that oil plunges. I mean, so it could be that we don't have we won't reach that point. And I also just want to make a point.

4:13We'll look at a few stocks that are on this list. But there are a lot while the indexes still have are still a little bit unskeptical of it just because of the headline nature of it. And we have rally attempts. We get a fall today. But there's a lot of stocks setting up. There's a lot of stocks. So when we look at a market, we look at the major indexes and leading stocks. And yes, those leading stocks are a little scary, just in the sense that if the market sells off, they're going to struggle. I mean, it's not like they're not immune, but there are a lot that are showing real strength in what hasn't been a very good market, has been a volatile market, and yet they're setting up new bases, bullish pullbacks.

4:46So investors definitely should be paying attention, building up those watch lists, because we really could get something. If the market does turn up, there will be a lot of things that are flashing buy signals almost immediately. Yeah, absolutely. Turning our attention over to the S &P 500, very similar look, to be honest with you, to the to the Nasdaq composite right there, just above its 21 day moving average line. But like the Nasdaq composite, still below its 50 day, still below its 200 day moving average line, has some work to do. And you mentioned a lot of the topsy-turviness that's going on with the news in terms of just being open to different scenarios.

5:24But just from a technical standpoint, I feel like you almost have to do that to a certain degree because you could absolutely hit resistance at these levels. So some of these setups that we're seeing, especially on the indexes, could very easily turn into kind of short setups. Well, if we if we rally into, let's say, the 50 day moving average line and get turned away there, that's kind of your typical short short sale setup. So I guess what do you what do you do when you have like these multiple scenarios that you could say, well, I could see either one of these happening very easily? Well, which tells you where's the edge there?

6:02I mean, because you don't want to be placing big bets when something very different could happen the other way. This is why we like to see clearing resistance, breaking out or clearing some kind of area where the likelihood that that stock and that market will continue to go up. I mean, it's no guarantee. And maybe we hit resistance for three or four days and then we punch higher. Again, a lot of this could be driven by the news. We could hit the resistance, plunge, and then there's a positive headline that turns everything higher. And again, these are all very plausible scenarios. So all sorts of things could happen.

6:34Yeah. Again, without knowing the news. Yeah, I would like to punch it through the 200-day line decisively would be a real good sign, especially if it's in a follow-through daylight situation. But you're right. That's why we wait. Even though this is often the worst time to buy because there's a lot of stocks that are right almost there. The indexes are right almost there. So if you just wait a little bit, they're not up that much more, but we're right at a point where it could sell off quite a bit. So that's why it's like, you know, it's one thing to cheat, but cheating right here just seems nervous for me.

7:04I'm not nimble enough to get in and out. That's just me. So I want to see it clear those areas. And then I will try to be aggressive, you know, if things, you know, relatively aggressive if things work out. And certainly it's worth noting that we have this low that we had just a few days ago. So today was technically day four of our rally attempt. The first day of the rally being on last last week on what was that Tuesday? And so, yeah, Thursday, again, we have the market closed on Friday. So today was day four. We didn't have the power that we're typically looking for for a follow through day.

7:41So we keep on counting. And that's not necessarily a bad thing right here. Turning our attention over to the Russell 2000 small caps in a little bit of a better position because these were a little bit stronger. And this already got above its 21 day moving average line on Thursday. The low cleared the 21 day moving average line today. So that was nice. And this actually got support at the 200 day moving average line and isn't too far away from the 50 day line. Yeah, I mean, this is sort of like it's I wouldn't equate this with the leading stocks, but it does show you that there is underlying strength.

8:15It's not like this massive pouring, oh my goodness, this is an amazing rally, but there is strength here. And if the major indexes look like this, I think we'd be a little bit, we'd definitely be more positive. So this was really nice to see that this has held up and it's gotten above the 21-day line. And yeah, so this is good. You want it to get above the 50-day line. You always want more, but yes, this is positive. Worth also just taking a quick look. as we go through the indexes, also the 10-year treasury yield, a lot of kind of folks asking, you know, okay, well, gosh, we had this huge move on the yield, kind of breaking this overall downtrend in a big way.

8:57So now that we've broken that downtrend and kind of consolidated a little bit right up above its 21-day moving average line, anything we should be looking at in terms of the yield here on the 10-year? Yeah, I mean, look, you can see technically if we break lower, break below the 21-day line, that seems significant. Obviously, if we get above recent highs, that's significant. There's a lot of news out there. Is higher oil prices going to be inflationary, or is at some point, is it going to be hurting the economy or the global economy and then sort of reducing things? And so you can see yields go either way, even if you know where oil's going.

9:30It's really confusing, but the rise in treasury yields clearly was a headwind for the market. So I think one, you know, it's nice to see that even though oil spiked on Thursday, you know, treasury yields didn't really rise that much. And there was, you know, so and so it's sort of holding near these recent lows, which is which is positive. So just as you know, if it surges up again, that would be another problem for the market. Yeah, we already took a look at the black gold oil. What about our regular gold GLD? This had a pretty, you know, a lot of these gold miners had a pretty stunning move last week, really coming off off of lows.

10:07Um, but not, not too much action, uh, today. Um, what is this telling you about kind of the, the flight to safety, I guess? Yeah, I'm not sure. I think people are trying to figure things out. I'll be honest. I'm not sure what's going on. I would have thought this would have been a flight to safety. I mean, I, I'm not a gold bug and I thought gold would do well in this environment, but the dollar's done pretty well. I think overall in this thing, it's just a lot of things, you know, I treasure yields going out, maybe people moving into, you know, but anyway, it's, I don't know. No, I'd like to see it above the 50 day line.

10:39I just feel like a lot of, I feel like I'm looking at like a patient who has all sorts of different health readings. These things don't line up. How can you have this and this? And it's just like the chart's all wrong. And it's just a weird influx. I'm not sure if all the markets are in sync in terms of what they think, you know, is going on or what will happen. So I think that's part of what's confusing out there. Yeah, kind of like one of those episodes of House with all these medical anomalies, right? Yes, yes, I think that's a good one. It's like, these symptoms don't line up. I don't know, you know, And certainly today, it was notable that, you know, staples were up considerably.

11:13But at the same time, again, SMH, the semiconductor ETF, was one of the top spots in terms of movement for the day. Again, not spectacular, you know, but about a 1 % move and closing in on that 50-day moving average line. So just kind of a weird thing where you have staples up and your semiconductors up. It's, you know, what do you do with that? It's not a very clear cut where people are, are they fleeing or are they ready to go? Yeah. And we'll look at a couple of AI infrastructure stocks and a lot of the chips. And it's not just AI stocks. There's a lot of chips are doing well. But you can also see the last time, last two times we've come up on the 50-day line, it sort of pulled back.

11:51And the last time was pretty ugly. I mean, there was other things with the memory names that was beyond the market that were really hitting that. So again, this is why you want to wait to see that punch higher. But if it does get above the 50-day line, it does get above, you know, say the 400 level, sort of decisively, that might be a way to play the chips. It's a little less volatile than individual names. And some names may be extended, some names may be not setting up. So I think SMH is something that investors could be looking at if the market does start flashing real strength, that this might be an area that people could go to.

12:27In a classroom of sodas, most stay quiet. Then there's Mr. Pibb. Sweet cherry, bold outbursts, the kind of flavor that gets attention. Bull kick of cherry. Are you Mr. Pitt? Yeah, well, you already teased it, but let's go ahead and start looking at some of these stocks and we'll start with Comfort Systems, ticker symbol FIX. As you mentioned, this is a little bit of a infrastructure, AI adjacent play. You know, you don't normally think of AC and heating products, but of course you need to cool these data centers down and fix is right at the cutting edge of that. What are you seeing here? Yeah.

13:03And again, this is why like some big sell-offs, but again, the market's been like that. And this held up pretty well. I mean, the relative strength line is pretty close to highs. This has basically got a base at 1 ,500, essentially, is the buy point. There's also three or four weeks tight, you know, that's right at the 1 ,495 level or something. So getting above those levels, that would be actionable there. It has really strong fundamentals. It's held support most of the time of the 21-day line. definitely held support of the 50-day, 10-week line. Nice to see a base. There's actually, I was actually making this comment about a lot of other names.

13:38A lot of other names have pulled back, but they didn't really have bases. They came up and their pullbacks off the 50-day line and some of them were pretty heavy down to the 50-day line. And maybe you can play that, but it's always nice if there's an actual base, like there's actual pause, especially after such a huge run, you know, but it's made a base at a time when the market's not been doing well. And, you know, just impressive strength after such a huge run. So, yeah, I definitely think this moves higher, you know, you know, clears these areas, I think, could be something that investors definitely want to be looking at.

14:09Yeah, and certainly with the indexes and a lot of stocks, frankly, below their 50-day moving average lines, below their 200-day moving average lines, to see something that has really held its 50-day moving average line, its 10-day moving average line this whole time, certainly puts it in a different class. And as you said, that 1 ,500 really kind of sticking out as a potential resistance level. You get over there, you can really see some spectacular things happening. But, of course, a lot of that is dependent on the market and some of those headlines. Another one that is in the AI space, you know, you also, in addition to the data centers, you also have how are they going to get their power, their equipment, you know, getting the distribution and more power to them, all of that.

14:52And here we have a nice little cup with handle forming on Powell Industries, ticker symbol POWL. Yeah. And again, there's been some volatility, but that's the market, but the relative strength lines are high, holding the 21-day line a lot of the time, you know, ultimately holding the 50-day line, 10-week lines, pausing after a nice run. So the growth, the one thing is the growth isn't as strong as with comfort systems. There's definitely things that that's one concern for mine. It's like, well, if I'm looking around, I want everything. I want everything, especially in a trickier market. I want to be seeing everything look great.

15:26I want the stocks to really sell me that I should buy this. But if it breaks the downtrend of that handle, the downtrend in the base, however you want to look at it, those would be a couple of ways to go at it. You know, this is another strong area. And again, AI infrastructure in general is just among the strongest areas right now. And so even though you might think risk off, these names are still holding up very well, which is saying something. No, absolutely. That's, again, one of the interesting things, because again, some of these are like, well, what correction? I mean, they based, but they very, very normal and natural looking bases, just not really, again, showing the weakness that we saw in the overall markets.

16:14So, yeah, very, very impressive in that regard. Okay, let's go ahead and close it out with another stock. But this is outside of the AI space. A lot of these retailers are looking interesting. You know, we've talked about, whoop, that's not right. Right. Let's try that again. You know, we talked about, you know, we've been talking about Costco, Ross stores, TJX, and let's go ahead and add Burlington stores with the breakout today. This was also our stock of the day. I believe Aparna wrote an article on this one for our viewers. So what's going on here with the retail? I mean, this is sort of a lot.

16:52Discount retail is sort of a nice thing with some growth. I mean, you're looking, you know, when you're sort of things are uneasy in the economy, in the market, discount retailers tend to do well. You can see how that RS line has been shooting up in the last few weeks. So there's been some volatility in that base. But it was, again, it was a flat base next to the top of the prior base. The fundamentals are pretty good. Growth picked up in the latest quarter for both sales and earnings. Yeah, so this is just a strong, this is a strong area. And you mentioned Ross and TGX are in the same group and a lot of other discounters too beyond that, as you say, this is a strong area.

17:24This is, you know, and this is in the retail apparel shoes. So there's a lot of maybe apparel names that are not doing as well. But the actual group that you'd really put Burlington in is probably would be a top 10 group right now, you know, with those kind of names. Yeah. So and investors definitely, while there are a lot of growth in stocks that are looking strong, traditional techie growth stocks, there's a lot of other names, you know, biotechs. There's, you know, but retailers are definitely out there that are doing well and probably would still do well in a good market. I mean, this may not lead in the way that it's holding up right now, but this is probably not one that would be selling off or anything.

18:02It would probably still be something that would contribute to it in a rally. Yeah. Oh, absolutely. Well, Ed, appreciate the thoughts and go enjoy the rest of your day off, I guess. I will. Yeah. Thank you. Thanks a lot for jumping on. That's going to wrap it up for us for today. Thank you so much for joining us. And again, go Bruins. Also, hey, if you haven't checked it out, we do have that market surge beta going on. We've been doing a lot of training. In fact, one of the things that we're going to do a little bit later this week, Mike Webster is going to come on the podcast on Wednesday. We're going to be live at five and we're going to go through some of the improvements that we are going to be launching fairly soon as we bring market surge beta into kind of its into its actualization, if you will.

18:46So we're going to go over the Growth 250 changes that we're making there, the pattern wreck, two things that Mike was just absolutely instrumental on creating, and then also ratings. A lot of these ratings, we'll be going through some changes, and we'll be sharing those with you on Wednesday's show. So hope you join us for that, and thanks a lot for watching. We'll see you next time.

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