The Dow Jones Industrial Average slipped more than 200 points from Monday before reducing losses, as Bitcoin dived from record highs. Tesla stock was shocked after pulling its model YSR + from its website.
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Among the Dow Jones leaders, Apple (AAPL) while down 2.7% Micro .ft (MSFT) is down 3% in today’s stock market. Caterpillar (CAT) is just outside of the purchase above the entry, while Nike (NKE) A new buy point is approaching.
Tesla (TSLA) Ignore about 5% on Monday, as it breaks from key levels.
Shoals Technologies (SHLS), Trade desk (TTD) and Viva Systems (VEEV) is among the top stocks in the buy zone or near bucks in the stock market action on Monday.
Apple Pal, Micro .ft and Tesla are IBD leaderboard stocks. Shoals Technologies was the IBD stock of the day on Thursday.
Dow Jones today
On Monday, the Dow Jones Industrial Average will cut less than 0.1%, while the S&P 500 went below 0.6%. The tech-heavy Nasdaq composite sold 1.7% in the afternoon trade.
US stock market observed today |
||||
|---|---|---|---|---|
| Index | Symbol | Price | Advantages / disadvantages | Change% |
| Dow Jones | (0 DJIA) | 31445.78 | -48.54 | -0.15 |
| S&P 500 | (0s and p5) | 3878.12 | -28.59 | -0.73 |
| Nasdaq | (0NDQC) | 13611.62 | -262.84 | -1.89 |
| Russell 2000 | (IWM) | 224.34 | -0.85 | -0.38 |
| IBD50 | (FFTY) | Is 47.92 | -0.98 | -2.00 |
Last updated: 11:02 AM and 2/22/2021 |
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Among exchange traded funds, Innovator IBD50 (FFTY) traded down 1% on Monday. Nasdaq 100 Tracker Invesco QQQ Trust ETF (QQQ) lost 1.1%. Meanwhile, the SPDR S&P 500 ETF (SPY) went below 0.5%.
Stock market rally
Looking at the current uptrend, November was the main month for the stock market. IBD’s Big Picture marked a new uptrend on November 4, following a market rally. Meanwhile, the Dow Jones Industrial Average in mid-February, the Nasdaq and the S&P 500 are pulling back from record highs.
Big Picture commented on Friday, “Unable to find most of the day, the stock market closed cautiously on Friday. But it was not a day of bullshit for the bulls, as small caps and leading stocks have outperformed.”
Because of the recent strength, investors may remain in an aggressive mood, with the understanding that there are still good reasons to be cautious. Look for stocks that are breaking more than the new buy point.
Focus on stocks that show strong relative strength during recent weakness. If the index is able to continue their record-setting ways, they could be some of the market leaders.
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Bitcoin Price Top Before Driving. 58,000
Bitcoin was priced at 57 57,000 on Saturday and 58 58,000 on Sunday, before diving briefly below $ 48,000 on Monday morning. Bitcoin traded at around 53,100 in the morning trade, according to Coindesk.
The Grayscale Bitcoin Trust (GBTC) ETF was down 7% and is withdrawing after nearly 16% advance last week.
Boeing stock vers
Dow Jones wide Boeing One of its Boeing 777-200s made an emergency landing at Denver International Airport on Saturday after takeoff due to engine failure.
Boeing stock is up nearly 36% from its 52-week high, as it forms a base with a new 244.18 by-point.
Dow Jones Stocks: Caterpillar, Nike
Within the Dow Jones Industrial Average, the caterpillar is out of the 5% buy range above 200.27 by points in the short consolidation. Shares rose 0.5% on Monday morning.
Shares of CAT fell above the buy point on February 16th. 5% Buy Zone ended at 210.28.
Elsewhere, Nike is close to 148.05 by points in the flat base. Shares fell 1.9% in morning trading as they test their 50-day line.
Watching Stocks: Shoals, Trade Desk, Viva
According to IBD Marketsmith chart analysis on Friday, IBD stock The F The Day, Shoals Technologies is trying to pass 41.86 by points in the IPO base. Shares peaked shortly after reversal before falling 1.8% early on Monday.
The trade desk trades about 9% away from 972.90 by points in a cup base. On Friday, the stock jumped nearly 7% in the wake of the company’s strong Q4 results.
As of early Monday, the trade desk was down about 2%.
According to the IBD stock checkup, the trade desk stock shows a strong 98 out of a full 99 IBD composite rating. The IBD composite rating helps investors easily measure the quality of the stock’s fundamental and technical metrics.
Software leader Viva Systems is trading below 314.09 by points in the cup base. Health science software firm fell nearly 3% on Monday morning.
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Tesla stock
Tesla lost on Monday, threatening to lengthen its length to three sessions, losing more than 4%. On Sunday Tesla pulled the Model Y Standard Range Plus from its website.
Shares are breaking from their 50-day moving average line, which is an important support level.
On January 25, Tesla shares touched 900.40 after falling 93% from 466 by points in the Handled Cup.
Dow Jones leaders: Apple Pal, Micro .ft
Among the top Dow Jones stocks, Apple Pal fell 2.7% on Monday. Apple Pal stock is below its 10-week line, but a strong rally behind the level will be bullish for the stock’s prospect.
On February 18, the stock traded down 7% -8%, falling more than 7% from its 138.89 buy point in the handle cup.
Meanwhile, micro .ft fell 3% on Monday morning. The stock moves from 232.96 buy points above the 5% buy zone to 244.61.
Be sure to follow Scott Lehotton on Twitter @IBD_SLehtonen Growth for stocks and more on the Dow Jones Industrial Average.
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