The Dow Jones Industrial Average eased almost 0.4% during a 3-1/2-hour trading session Friday, yet still achieved a nearly 0.6% advance for the week. That recouped all of last week's nearly 0.5% backtrack.
XThe Nasdaq composite and S&P 500 matched the Dow Jones' action Friday with losses in the 0.4%-0.5% range. The Russell 2000 fell 0.6%. Volume trailed lower vs. the same time on Wednesday on both main exchanges.
Innovator IBD 50 (FFTY) ended the Thanksgiving-shortened week with a nearly 2.3% weekly gain. That eclipses the ETF's nearly 0.8% loss last week.
At this week's high of 35.42, FFTY scored a 28.2% rise since Jan. 1.
The Russell 2000, at 1630, has gone up nearly 21% year to date.
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Beyond Dow Jones: 6 Top Stocks To Watch
Mastercard (MA), discussed in today's IBD Live show, excelled in November.
The consumer spending play rose more than 5% this month and is just a few points below a new buy point of 293.79. The megacap has found a spot in IBD Leaderboard since late January.
Please go to Mastercard's daily and weekly charts at Leaderboard to see handwritten annotations to mark buy points, sell signals, short-term trading opportunities and other relevant price-and-volume action.
According to IBD Stock Checkup, Mastercard holds a 95 Composite Rating on a scale of 1 (oh, woe is this stock) to 99 (wowza!) in terms of fundamental, technical and institutional factors.
Read more about the Composite Rating and how to use it properly in stock research and timing your buys and sells in this Investor's Corner.
5 More Stocks To Watch
Paycom Software (PAYC): The expert in payroll and human capital management is among the first stocks among enterprise software firms to break out after big declines in the summer to early fall.
The longtime Sector Leaders list name thrust past a 259.81 buy point in a cup without handle and recently cleared the 5% buy zone.
Watch for a potential light pullback that would nudge the stock back in buy range.
Autodesk (ADSK): This former Leaderboard name got plenty of airtime in IBD Live this week. It's formed two buy points.
The expert in industrial design software spent some time in the Stocks On The Move list on Friday.
Stocks On The Move captures institutional-quality stocks making big moves up and down in heavier-than-usual volume. It helps readers spot good breakouts and companies that, after a long run in price, issue a key sell signal including a break below the 10-week moving average in pole-vaulting volume.
Incyte (INCY): The cancer treatment firm soared more than 6% for the week and marked a fifth straight weekly gain. Shares are bolting past an 89.40 entry in a cup without handle. The 5% buy zone goes up to 93.87.
Stock Market Leaders In Retail, Biotech
Lululemon (LULU): The yogawear and athleisure trendsetter has held a spot as a half-size position in Leaderboard for months. Shares have risen more than 16% since breaking out of a perfect flat base at 194.35 on Sept. 6. Watch for fiscal Q3 results arriving sometime in December.
The Street sees the Vancouver-based firm posting a 24% rise in fiscal 2020 profit to $4.75 a share and a 16% jump in FY 2021.
Read more about Incyte in this recent IBD Stock Of The Day.
Both Incyte and Lululemon currently hold a spot in the IBD Big Cap 20.
Universal Display (OLED): The innovator in light-emitting diode technology for smartphones and digital TVs jumped to No. 1 in the IBD 50. The stock has formed a cup with handle.
The proper buy point is 208.11, or a dime above the highest price in its tightly drawn handle.
Please follow Chung on Twitter at @SaitoChung and @IBD_DChung for more on growth stocks, buy points, sell rules, breakouts, chart analysis and stock market insight.
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