The Dow Jones futures were higher late Monday, with S&P 500 futures and Nasdaq 100 futures falling from recent highs. Tesla Stock, Applied Materials and Nvidia led the stock market rally on Monday.
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On Monday, the Dow Jones Industrial Average rose 0.3%. The S&P 500 rose 0.7%, while the tech-heavy Nasdaq composite outperformed, rising 1.2% even after a decline in profit.
Among the Dow Jones leaders, Apple (AAPL) on Monday, while rising 2.8% Micro .ft (MSFT) is up 2.45% in today’s stock market. Boeing (BA) has returned to the buy range following a recent breakout, while Nike (NKE) recovered a portion of Friday’s mess.
Tesla (TSLA) rose 8.8% on Monday after a cost-effective increase in ARK investment before cutting profits.
Among the top stocks to watch, chip leaders Applied Materials (AMAT), ASML Record (ASML), MKS Instruments (MKSI), Nvidia (NVDA) and Queue (QRVO) The current stock market boom is in or near the buy zone.
Meanwhile, Alphabet (Google), and Wafer (W) Also new buy points are approaching. The alphabet was shown near the A by Zone column in this week’s stocks, while Wafer was to watch Monday’s IBD50 stock.
Alphabet, Micro .ft and Nvidia are IBD leaderboard stocks. MKS Instruments was the IBD stock of the day on Tuesday.
Dow Jones Today: Treasury Yields
After the stock market closed on Monday, the Dow Jones futures, S&P 500 futures and Nasdaq 100 futures, each rose 0.1% in fair value. Remember that trading in Dow Jones futures and elsewhere does not have to be in real trading in the next regular stock market session.
US stock market observed today |
||||
|---|---|---|---|---|
| Index | Symbol | Price | Advantages / disadvantages | Change% |
| Dow Jones | (0 DJIA) | 32730.35 | +102.38 | +0.31 |
| S&P 500 | (0s and p5) | 3940.56 | +27.46 | +0.70 |
| Nasdaq | (0NDQC) | 13377.54 | +162.31 | +1.23 |
| Russell 2000 | (IWM) | 225.23 | -1.71 | -0.75 |
| IBD50 | (FFTY) | 46.85 | +0.08 | +0.17 |
Last updated: 4:38 PM ET 3/22/2021 |
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On Friday, the 10-year Treasury yield hit a high of 1.754% before closing at 1.732%. The 10-year Treasury yield fell below 1.7% on Monday to close at 1.684%.
Among exchange traded funds, innovator IBD50 (FFTY) rose 0.2% on Monday. The Nasdaq 100 Tracker Invesco QQQ Trust ETF (QQQ) rose 1.75% on Monday. Meanwhile, the SPDR S&P 500 ETF (SPY) rose 0.8%.
Stock market rally: Nasdaq tests key levels again
The two-day losing streak was broken on Monday with a slight gain in the Dow Jones Industrial Average and the S&P 500 index amid a rally in the current stock market.
Meanwhile, the tech-heavy Nasdaq is trying to regain its main 50-day moving average line, but fell short on Monday. Last Thursday, the Nasdaq Composite dropped that key level. The Nasdaq will need to overcome this key hurdle to maintain its upward momentum. The 50-day line is the decisive potential resistance level. If the Nasdaq decisively clears it, then a new high could be on the horizon.
IBD’s market forecast was upgraded to “confirmed uptrend” on March 10 as the Dow Jones Industrial Average set a new high.
On Friday, Big Picture commented that “the rise in the value of money on Wall Street is an indication of a weekly loss of interest rates. Long-term interest rates on percentage terms have risen since early August. Yields on U.S. Treasury 10-year bonds More than three times from 0.50% to 1.75%. “
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Dow Jones Stocks: Boeing, Nike
Within the Dow Jones Industrial Average, Boeing is back in buying above 244.18 by points in the cup base amid a three-day loss streak. Shares fell nearly 2% on Monday.
Meanwhile, Nike stock continues to build a flat base with 148.05 by points, according to IBD Marketsmith chart analysis. The shares are now about 6% away from their buying point.
On Friday, Nike tumbled 4% following the company’s mixed financial third quarter results. Nike rose 0.6% on Monday, but will remain below its 50-day line.
Chip Stocks to See: Applied Materials, Nvidia
Chip stocks are some of the best techno names in the current stock market boom. Vanek Vectors Semiconductor ETF (SMH) added a new IBD SwingTrader amid a 2.3% growth on Monday.
Applied Materials resumes its 50-day support level. Shares rallied 3.9% on Monday and are up only 4% from new highs.
ASML jumped back to its 50-day line, climbing 5.2% on Monday. The shares are six in a week of potential support. The minimum length of the cup base is six weeks, so a new buy point may emerge over the weekend.
CueWave found support at its 50-day line on Friday and continued its uptrend with a 1.9% increase on Monday. The stock is closing at 191.93 by points, while the initial entry is at 185.96.
Last Tuesday’s IBD stock The F The Day, MKS Instruments, ended below its 177.46 by-point amid Monday’s 2.4% strength. 5% Buy Zone goes up to 186.33.
According to the IBD stock checkup, MKSI stock has a perfect 99 IBD composite rating. The IBD composite rating helps investors easily measure the quality of the stock’s fundamental and technical metrics.
Chip Giant Nvidia (NVDA) 3.4% Advanced. The graphics-chip maker may create a new base right, but it’s a little too early for the traditional buy point. A strong day to reclaim the 50-day line for stock prospects would be bullish.
Shares near By Zone: Alphabet, Wafer
IBD leaderboard stock Alphabet completed a five-week flat base on Friday, hitting a new buy point of 2, at 2,145.24, according to IBD Marketsmith chart analysis. Shares are about 6% away from the new entry. Google stocks rose 0.2% on Monday.
According to the leaderboard comment, “Alphabet has recently made good progress compared to other large-cap tech. Support in the 21-day line is determining the current chart action. The last support was the second phase.”
Monday’s IBD 50 stock watch pick, wafer, is trying to pass 343.09 by points in the cup with the handle. The stock rallied 3.1% on Monday and is in the buying range.
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Tesla stock
Shares of Tesla surged more than 6% before rising 2.3% on Monday after Kathy Woods Arch Investments announced its new price target for 2025. The price target uses expectations that the giant electric vehicle company will launch its fully built autonomous robotaxi service. Self driving tech platform. According to Arc Research, it could generate revenue of Rs 327 billion. The bull-case price target is 4,000, while the bear-case 2025 price target is 1,500.
Shares of Tesla ended nearly 26% higher on Monday from their 52-week off-peak. Tesla stock makes a new base, but it’s too early for a new risk-best buy point.
On February 22, Tesla broke through its main 10-week moving average line, which is a critical support level. On January 25, Tesla shares reached 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 Play advanced nearly %% on Monday, breaking a three-day losing streak that saw resistance around the 10-week moving average line. Apple Paul’s stock is returning to its long-term 40-week line and may soon try to reclaim its 10-week line.
On February 18, when the handle cup fell more than 7% below the 138.89 buy point, Apple Pull shares began selling 7% -8% loss-cutting rule.
Meanwhile, software giant Microsoft will regain its main reg0 day line on Monday, up 2.45%. The shares are above their 232.96 by point and reaching 246.23 by point in the new flat base.
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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