Dow Jones futures, Nasdaq 100 futures and S&P 500 futures turned up late on Tuesday as the stock market continues to fluctuate. Tech giants Alibaba, Advanced Micro Devices, JD.com, Micro .ft, Nvidia and Tesla all sold out on Tuesday.
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The Dow Jones Industrial Average led Tuesday’s stock market move with a 0.9% advance or 262 points. The S&P 500 fell 0.1%, while the tech-heavy Nasdaq composite sold 1.4%.
Among the Dow Jones leaders, Apple (AAPL) fell 0.3%, while Micro .ft (MSFT) Slide 4 ..%. Meanwhile, Salesforce.com (CRM) broke from its 50-day line on Tuesday.
Tech leaders Alibaba (Baba), Advanced micro devices (AMD), JD.com (JD), Nvidia (NVDA) and Tesla (TSLA) overturned. Alibaba, JD.com and Nvidia hinted at selling the key.
The stock market is bullish in the buy zone or nearby stocks Berry Global (Window) and Intuitive Surgical (ISRG)
Datadog (DDOG) sank for more than 10% late Tuesday night after the company’s earnings results.
JD.com, Microsoft, Microsoft, Nvidia and Tesla are all IBD leaderboard stocks.
Dow Jones futures today
At the end of Tuesday, the Dow Jones futures were fair value against 0.3%. S&P 500 futures rose 0.2%, while Nasdaq 100 futures rose 0.45%. Remember that trading in Dow Jones futures and elsewhere does not have to be in real trading in the next regular stock market session.
Among exchange traded funds, innovator IBD50 (FFTY) fell 1.4% on Tuesday. The Nasdaq 100-linked Invesco QQQ Trust (QQQ) ETF trades below 1.8%. Meanwhile, the SPDR S&P 500 ETF (SPY) lost 0.1%.
Amid a boom in the coronavirus stock market, the tech-heavy Nasdaq rose 28.8% during the year close to Tuesday. Meanwhile, the S&P 500 is up 9.8%, while the Dow is up 3.1% year-over-year in the November 10 period.
US stock market observed today |
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|---|---|---|---|---|
| Index | Symbol | Price | Advantages / disadvantages | Change% |
| Dow Jones | (0 DJIA) | 29420.46 | +262.49 | +0.90 |
| S&P 500 | (0s and p5) | 3545.44 | -5.06 | -0.14 |
| Nasdaq | (0NDQC) | 11553.86 | -159.92 | -1.37 |
| Russell 2000 | (IWM) | 172.62 | +3.07 | +1.81 |
| IBD50 | (FFTY) | Is 36.39 | -0.50 | -1.36 |
Last updated: 4:26 PM ET 11/10/2020 |
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Coronavirus updates
According to WorldMeter Data Tracker, U.S. The number of coronavirus cases confirmed in Tuesday is 10.4 million. The total death toll from the virus has risen to around 244,000.
A total of 1 confirmed cases of Covid-1 cases worldwide since the beginning of Tuesday. million million virus-related deaths.3..3. million million are reported.
Coronavirus stock market rotation
According to IBD’s The Big Picture, the stock market is back in the new industry after last week’s bullish price action. However, the Nasdaq fell sharply for the second straight day on Tuesday.
On Monday, Big Picture warned of potential market turmoil, saying “U.S. stocks went unnoticed and were largely the result of coronavirus news. Leaders suddenly worked from home and created social distance stocks in favor of the entire Covid-19 trade. This new development is worth watching. “
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Dow Jones Stocks: Salesforce Breakout
Dow Jones leader Salesforce.com is trying to move above 270.26 by points to a double bottom, according to a Marketsmith chart analysis. On Monday, the stock briefly peaked at a new buy point before closing a 0.3% low. Shares fell 4.5% on Tuesday to leave their key 50-day line.
Salesforce.com ranks first on the Dow Jones Industrial Industrial Average with a 59.4% annual advance to the industrial average through June 100.
According to the IBD stock checkup, Salesforce.com stock has a full 99 IBD composite rating of 98. The composite rating – an easy way to identify top growth stocks – is a combination of basic and technical metrics to help investors estimate the strength of a stock.
The top Dow Jones stock was shown near the A by Zone column in this week’s stocks.
Shares near Buy Zone: Barry Global, Intuitive Surgical
Tuesday’s IBD50 Stock to Watch Pick, Barry Global, ended Tuesday, according to Marketsmith chart analysis. The buy zone is at 54.36.
Monday’s IBD stock is trading just below 771.72 by points in The F the Day, Intuitive Surgical, Handled Cup. The stock went below 3% on Tuesday to come under new entry.
Damage to tech giants
Leading Technol Stock G stocks, including Alibaba, Advanced Micro Devices, JD.com and Nvidia, have a huge impact on stock market circulation.
Alibaba sank 8.3% after Chinese regulators unveiled draft rules to curb monopoly transactions by Internet companies. Shares fell below their 50-day moving average line and more than 7% from a crucial 299.10 flat-base entry. Investors should shorten their losses if the share falls below 7% from the buy point.
Advanced Micro Devices broke 6.2% on Tuesday. Shares are hitting a double bottom with 88.82 by points, according to Marketsmith chart analysis.
JD.com tumbled more than 8% below 85.49 by points in the handle cup on Tuesday. Shares fell as much as 7.8% before closing with a loss of 5.6%. The stock may try to find support on its 50-day line.
After falling 6.3% for the day, Nvidia signaled a sell-off with 574.04 buy points for Cup-With-Handle. Nvidia stock fell more than 7% below the new entry.
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Tesla stock
Tesla shares fell 2.6 percent on Tuesday, down 2 percent on Monday and extending the losing streak in three sessions.
The stocks fell further below their 50-day moving average line, as the stock continues to build a base with a new buy point of 466. The number of shares is about 13% below the entry.
According to the IBD Leaderboard, “The stock makes an awkward shaped cup out of the handle. We brought it to the quarter position below the half position on Oct. 30 as it closed decisively below the 10-week line for the first time. Rally last week.” After April 9, it has now fallen below this benchmark. “
Dow Jones leaders: Apple Pal, Micro .ft
Among the top Dow Jones stocks, Apple Pal fell 0.3% on Tuesday. Shares are trying to keep above their 50-day line after pulling back to that key level last week.
Blue-chip Giant 2020 is the No. 2-performing Dow Jones stock, with a close of 58.5% advance on Monday.
Software giant Microsoft .ft, down 2.4% on Monday, fell 4. %% on Tuesday. Shares bounced back below their 50-day line after regaining key levels last week.
To date, Microsoft .ft is one of the top stocks in the Dow Jones, up 38.5% in the near term.
Stock Market Rally: What to Do Next
During market reform, investors should create a list of potential leaders. Now is the time to employ those watchlists.
Investors should continue to use the latest strengths to buy new breakouts. Start slowly with new purchases and see how they do. After raising cash during a recent correction, don’t rush to make a full investment at once. Try some new purchases. If they work, you can add them; If not, you can go back.
In particular, focus on stocks with strong relative strengths. Find them using the corresponding strength line. The price of RS line stock measures S&P 500 versus performance. If the stock is pushing the broader market, then the RS line is in the upward corner. If a stock performs worse than a broad market, then the line will come down.
Watch stocks include IBD long-term leaders, companies with stable earnings growth and price performance.
Be sure to follow Scott Lehotton on Twitter @IBD_SLehtonen For more on growth stocks and Dow Jones futures.
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