The Dow Jones futures rose slightly on Tuesday night, along with S&P 500 futures and Nasdaq futures. The rally ended on Tuesday after the Nasdaq closed well above the intraday high. Plug power (PLUG) and crossstrike stock key overnight movers.
X
Micro stock ft stock, MKS Instruments (MKSI), Applied Materials (AMAT) and Apple (AAPL) iPhone Chipmakers Queue (QRVO) and Sky Work Solutions (SWKS) At least all flashed by points intraday.
After the shutdown, Plug Power said it would have to reinstate the 2018 and 2019 financial statements, as well as the 2019 and 2020 quarterly statements. The fuel cell company cited accounting errors related to non-cash items including some expenses. But it said there was no misconduct. PLUG stock fell 10% overnight. Shares tumbled 8.1% on Tuesday, hitting resistance at its 21-day line.
Crowdstrike (CRWD), Coupon Software (COP), Smartsheet (SMAR) and Lnr (LEN) Earnings late Tuesday evening with Chinese e-commerce giant Pindudo (PDD) is due as early as Wednesday.
Chip-tool maker MKS Instruments Erupted at Buy Point on Tuesday. Chip-gear also shone in early entry with giant AMAT stock wireless chipmakers Queue (QRVO) and Sky Work Solutions (SWKS).
Micro .ft (MSFT) Advanced, flash additional buy signals. Google Parent Alphabet (Google) has also gone up slightly and possible action can be taken. Apple Pal stock and Facebook (FB) increased but may require more repair time.
Amazon.com (AMZN) hanging around its 200-day line, close to the waist. Tesla (TSLA), hit resistance and retreat, still below its 50-day line.
All of these stocks landed higher, while the Nasdaq steam came close to the session low.
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Key earnings
Crowdstrike earnings and revenue were better than expected, while the cybersecurity leader also provided high guidance. CRWD stock rose 6% in extended trade. Shares hit resistance at their 21-day line on Tuesday and fell 2.1%.
Coupe also has top views in earnings and sales. COUP stock rose 2% overnight. The stock fell 3.5% on Tuesday.
Smartsheet beat earnings and revenue forecasts. SMAR stock fell 1% in extended trade. The stock rose 1.4% to 68.71, supporting key levels intraday.
PDD stock rose 1.1% to 160.89 on Tuesday.
With CRWD stock, Kupa stock, SmartSheet, Pindudo, there are former leaders who have sold sharply in recent tech sales work. They all closed below their 200-day moving averages, with COUP stocks below their 50-day moving average.
Lenner’s earnings also exceeded analyst estimates. Shares of LEN rose 1% in overnight trading. Shares fell 1.5% to close at 88.71. Lenner stock is several weeks in consolidation next to the previous base. The top of the half-handle – a move above a high of .8..85 last week, could provide early entry.
Google Stock and Micro .ft IBD are on the leaderboard. AMAT is on stock and Google SwingTrader and Big Cap are on the 20s. MSFT Stock IBD is a long-term leader. Google, SWKS and TSLA stocks are on IBD50. MSKI stock was Tuesday’s IBD stock of the day.
Fed meeting in focus
The Federal Reserve will conclude its two-day policy meeting with the announcement of the ET on Wednesday at 2 p.m. Investors are seeking clarification from Central Bank and Fed chief Jerome Powell on Treasury yields hitting inflation and growth stocks. Will the Fed lead, or signal a move, to revive the “Twice Twist Twist” to reduce long-term Treasury yields? When the Fed says it is too far away to stop even buying bonds, will policymakers signal optimism about the economic outlook, worrying traders?
Dow Jones futures today
Dow Jones futures rose 0.1% to fair value. S&P 500 futures rose 0.15%. Nasdaq 100 futures rose 0.2%.
Remember that overnight action in Dow futures and elsewhere does not necessarily translate into real trading in the next regular stock market session.
Join IBD experts and special guest David Ryan as they analyze actionable stocks in the stock market boom on IBD Live.
Corona virus news
Worldwide coronavirus cases have reached 121.17 million. Covid-19 deaths topped 2.68 million.
U.S. There have been 10.88 million cases of coronavirus in India, in which more than 548,000 people have died.
Modern (MRNA) in its phased 2/3 study has started dosing children under the age of six months to 12 years with its coronavirus vaccine. Modern and Pfizer (PFE) is already testing their vaccine in older children.
Stock market rally
US stock market observed today |
||||
|---|---|---|---|---|
| Index | Symbol | Price | Advantages / disadvantages | Change% |
| Dow Jones | (0 DJIA) | 32824.90 | -128.56 | -0.39 |
| S&P 500 | (0s and p5) | 3962.64 | -6.30 | -0.16 |
| Nasdaq | (0NDQC) | 13471.57 | +11.86 | +0.09 |
| Russell 2000 | (IWM) | 230.44 | -3.98 | -1.70 |
| IBD50 | (FFTY) | 47.21 | -0.25 | -0.53 |
Last updated: 4:06 PM ET 3/16/2021 |
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The stock market rally closed with a slight change but it was a disappointing day for Nasdaq and growth names.
The Dow Jones trading average fell 0.4% in Tuesday’s trading. The S&P 500 index fell 0.1%. After an intraday gain of 1.2% and a brief downtrend, the Nasdaq joint has a 0.1% edge. Small-cap Russell 2000 sank 1.7%.
The 10-yard Treasury yield has risen 1 basis point to 1.62% since the intraday sinking.
Financial, airlines, commodity dramas pulled back while growth stopped due to mixed names.
In the best ETFs, the Innovator IBD50 ETF (FFTY) lost 0.5%, while the Innovator IBD Breakout Chances ETF (BOUT) sank 0.9%. Eichers Extended Tech-S Software Software Sector ETF (IGV) fell 0.5%, with MSFT stock holding its top. Vanek Vectors Semiconductor ETF (SMH) grew 1.1%, with both quads and SWKS stock significant components.
Reflected in more speculative story stocks, the Arc Innovation ETF fell 1.7% and the Arc Genomics ETF fell 2.2%. Tesla stock is the top holding in Arc Investments’ ETF.
Tech Titans
The Micro .ft stock rose 1.2% to 237.71, giving it a 21-day lethal moving average and a 10-week rebound. The stock is still in the range of 232.96 by points, according to Marketsmith analysis. MSFT stock is on track to gain a flat base this weekend with an entry of 246.23.
Google stock rose 1.38% from its 21-day line to 2,083.89. Shares reached 2,113.68 intraday, below recent highs. Investors will be able to take early entry at current levels or Tuesday’s highs. Official facial buy point is a tight pattern of three weeks – or 2,145.24 from a flat base after this week.
Apple Pal stock rose 1.3% above its 21-day line and broke the downtrend to 125.57. But the iPhone giant is still below its 50-day low.
Facebook stock rose 2% to 279.28, resuming its 10-, 21-, 50- and 200-day lines. FB stock fell right on the trend line starting from the highest level of starting August 26 … 67. Investors will be able to buy Facebook if it goes above Tuesday’s highs, but they can at least wait for the shares to clear the January 28 high of 286.79.
Amazon stock jumped above 0.3%, but hit resistance on its 200-day.
Tesla stock fell 4.4% to 676.88, hitting resistance on its 21-day line. It’s still its 50-day line and its Jan. The top of 25 is significant below 900.40. This may be the only breath for the TSLA stock, which rose 16% last week. But maybe not.
While TSLA is struggling to rebound the stock, Volkswagen (VWAGAY) is on the rise as it announces big EV targets in 2021 with large battery investments. On Tuesday, WWAGY stock rose 10% to its 2009 highest level. The stock has risen 57% so far in 2021.
Chip stocks in the buy zone
MKSI stock rose 4. %% to 177..91, closing just above the 127..16 double-bottom bottom buy point and reaching 127.14 intraday.
AMAT stock rose 3.15% to 118.50, breaking a short downtrend with a rebound from its 21-day line. That’s 7% higher than its 10-week line, still within limits.
Close to the bottom of the day, after hitting 185.76 intraday, the quiz stock rose 1.3% to 180.54. The stock moved closer to the downtrend and is only 3.1% higher than its 10-week average. But investors will have to wait for the quiz stock to return to the March 2 high of 182.75. Also, the 5G chipmaker has an official 191.92 consolidation by point.
SWKS stock rose 1.3% to 181.04, close to session lows. But the stock broke the downtrend and resumed its 10-week line above the main level by 3.6%. The wireless chipmaker holds up well in technology sales, not losing sight of its 50-day / 10-week lines.
Stock market rally analysis
Although the intraday closed well above the 50 level, the Nasdaq advanced slightly beyond its 50-day line. More tech stocks are being reset, especially in chips.
But there is usually more to be done in the names of highly valued or speculative growth. These include Tesla Stock, Plug Power, CrowdStrike and others that have revisited recent loose, as well as names. Zoom video (ZM) who didn’t bounce too much. In general, investors want to focus on stocks above their 21-day and 50-day averages.
Meanwhile, the Dow Jones and Russell 2000 fell down, but after long winning streaks.
Many economy-opening plays, including travel, energy and mining, saw pullbacks on Tuesday. But in general those areas are still doing well.
Ideally, the stock market boom will show broad growth and broad leadership in the real economy sectors. But it could be that the market returns to tech, or that tax will move once again.
Investors should take advantage of the resumed market uptrend, in which many quality stocks have broken or are giving early entry. In this broad but uncertain stock market rally, it is especially important to diversify your portfolio. Buy leading stocks from a leading sector, as always, but make sure there are some variations. It will help you to avoid loss of large portfolio, keeping you consistent with different sectors.
Read the big picture every day to stay in tune with the market direction and leading stocks and sectors.
Please follow Ed Carson on Twitter IBD_ECarson For stock market updates and more.
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