The Dow Jones futures, S&P 500 futures and Nasdaq futures will start trading on Sunday evening. The stock market rebounded modestly during the week, but the Nasdaq showed the most technical losses. Facebook (FB), U.S. Steel (X), Wafer (W), Google Parent Alphabet (Google) and Apple Pul Supplier Queue (QRVO) Buy Point is among the notable stocks nearby.
While investing can be complicated, there are also some simple concepts. You want to invest when the stock market is living above its 21-day exponential moving average and the 50-day line. It goes into key indices as well as leading stocks. Now the stock market is deeply divided: the Dow Jones and the S&P 500 are living above that level when the Nasdaq is not.
It is especially difficult to make progress in split market rallies.
Facebook stock, Dick’s sporting goods (DKS) and Element Solutions (ESI) is above buy points or early entries. Google, meanwhile, is close to stocks, Cuvav, US Steel and Wafer Buy Point.
Google and Dick’s stock are on the IBD leaderboard. Wafer stock is at IBD50.
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Dow Jones futures today
Dow Jones futures will open at 6.0pm, with S&P 500 futures and Nasdaq 100 futures.
Remember that overnight action in Dow futures and elsewhere does not necessarily translate into actual trading in the next regular stock market session.
Join IBD experts as they analyze the additional stocks in the stock market boom on IBD Live.
Corona virus news
Worldwide coronavirus cases have reached 122.88 million. Covid-19 death tops 2.71 million.
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Stock market rally last week
US stock market observed today
|Index||Symbol||Price||Advantages / disadvantages||Change%|
|Dow Jones||(0 DJIA)||32628.04||-234.26||-0.71|
|S&P 500||(0s and p5)||3912.81||-2.65||-0.07|
Last updated: 4:06 PM ET 3/19/2021
The Dow Jones and S&P 500 are at new highs and the Nasdaq is above its 50-day moving average. But over the weekend, with Treasury revenues rising and crude oil prices soaring, gains in the key indices were offset and then some.
The Dow Jones Industrial Average fell 0.5% in last week’s stock market trading. The S&P 500 index retreated 0.8%, but was held above its 21- and 50-day lines. The Nasdaq composite is down 0.8%, but Thursday’s 3% slump has pushed it below the 21-day and 50-day lines.
The 10-year Treasury yield rose 12 basis points to 1.73%, almost all of Thursday.
In the best ETFs, the Innovator IBD50 ETF (FFTY) retreated 0.5% last week while the Innovator IBD Breakout Chances ETF (BOUT) sank 1%, but both are above their 50-day line. Eicher Extended Tech-Software Software Sector ETF (IGV) fell more than 0%, down 2.2%. Vanek Vectors Semiconductor ETF (SMH) is up 1.2%, but is unable to hold above 50 days. Quevoz stock is a part of SMH.
Reflecting on more speculative story stocks, Arc Innovation ETF sank 3.1% and Arc Genomics ETF 1%, both resisting their 21-day lines.
Dick’s Sporting Goods stock rose 8.8% to .50..58 on Friday, up just 800.28 by points. It was a small aggregation that was one day from the cup base. The volume at breakout was low, which is not great. But the relative strength line, which tracks the S&P 500 index against the stock’s performance, is at a new high. The way to earn is gone.
FB stocks rose 1.1% on Friday, reducing CEO Mark Zuckerberg’s impact to 290.11 in heavy volume. AppleNo (AAPL) New Privacy Rules on Facebook’s Advertising Business. Facebook stock has cleared an initial entry of 286.89 in heavy volume and has come close to the official buy point of 304.77. Investors can start the position here, although after the recent run the FB may pull back the stock and make a handle.
The RS line for FB stock has lagged behind for months, but is now at 2021.
Element Solutions Stock
Manufacturers of specialty chemicals with some tech exposure fell nearly 5% last week to 19.75, up 19.50 by points from a breakout earlier this month. ESI The stock found support near that entry and above the 21-day line on Friday. Investors may buy Element Solutions stock at current levels, or perhaps if it breaks the trend line in a short consolidation above the buy point. Clearing the high handle will get another buy point at 21.09.
Google stock fell 1.1% last week to 2,2026.96, closing slightly above its 21-day line. According to Marketsmith analysis, Feng stock now has a flat base with 2,145.24 by points. But GOOGL stock could rebound above its 10-week line. If it clears last week’s high and comes in at 2,114, it could provide a 10-week early entry.
U.S. Steel stock
US steel tumbled 7.3% to 22.41 last week, but it was also a constructive move after moving closer to the top of the cup base. On the weekly chart, the X stock now has a cup-with-handle buy point, which is 24.56 by points. The daily chart shows 24.81 cup-without-handle entry, but US Steel is on track to get a handle after Monday.
On Friday, wafer stock rose 2.9% to 335.36. Intraday, shares reached 348, briefly clearing the 343.09 handle entry. Although the RS line for Wagfire stock is far from the peak of August Gust, the height of the aggregation is appropriate.
Wafer stock was Friday’s IBD stock The F The Day.
Furniture is in the hot pockets of the strength of the online furniture retailer market.
Upscale Furniture Retailer R.H. (RH) rose 6.1% on Friday and 9.2% for the week to 515.64. RH stock has an official facial buy point of 524.32 but has cleared the downtrend and made a closing high. RH stock will be excitable, but earnings are due on Wednesday.
Meanwhile, upscale home furnishings and homeware retailers Williams-Sonoma (WSM) ‘s strong earnings and guidance rose 29% last week. WSM stock went out of base on Thursday and continued to rise on Friday.
Last week, the quiz stock rose 2.6% to 19..85 to regain its 0-day line. During the week, the 5G and iPhone chipmaker reached a high of 185.79, clearing a few of the initial entries before retreating. Now clearing last week’s clear high surface will serve as the initial entry. One downside to using this entry is that if the QRVO stock clears it, the Nasdaq stock will withdraw its 21-day line, if not its 0-day line.
The official buy point is 191.92.
Queues earnings growth has accelerated for three straight quarters while revenue growth has increased for two consecutive quarters.
Many other chip stocks are close, including buy points Applied Materials (AMAT), MKS Instruments (MKSI) and Antegris (ENTG)
Speaking of Apple Pal stock, the Dow Jones fell 0.9% in Tech Titan to 119.99, well below the 21-day line and below its 50-day low. AAPL stock has not bounced back much from its March lows.
Market Rally Analysis
In general, you want key indices and leading stocks to live above their 21-day and 50-day moving averages. On Friday, the S&P 500 Index and Small-Cap Russell 2000 found support around their 21-day line, slightly above their 50-day line. The Dow Jones never came close to any line.
But the Nasdaq remains below its 21-day and 50-day lines, recovering only a fraction of Thursday’s 3% slump with Friday’s rally. Investors should potentially wait until the Nasdaq reaches its last week’s high, along with its moving average, before moving on to technical exposure.
It is still unclear whether the Dow and S&P 500 will push the Nasdaq above key levels or whether the Nasdaq will pull the broader stock market down. The market uptrend is likely to lead to more trends in stocks. But in a half-rally, in a semi-corrective environment, it is difficult to get any understanding of the true direction of the market.
Speaking of leading stocks, the real economy and re-opening dramas have gained tangible gains in the last few weeks. Tech stocks have struggled, with recent rebounds equalizing. Many are also stuck below their 21-day and 50-day lines.
But in the past week, the recent breakout of all the stripes has been a bit more troublesome, either rising sluggishly, testing the buy point or retreating below the buy point.
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What to do now
Investors don’t have to make money on half of their trades if its winners are big and its losses are small. In the current market environment it is difficult to make progress by achieving a low win percentage and those winners gaining a fragile to modest advantage.
Investors can seek out moderate exposure, a couple of long-term winners and a couple pilot positions in a variety of fields to keep the market consistent.
But you probably. Even outside of technology, don’t want to invest heavily. A rough market is very difficult. It is strong enough to tempt investors to buy – usually at short-term peaks – but weak enough to push stop losses.
In addition to saving your capital, you want to save your psyche. Taking a series of losses in a bad market can make you shy of the markets when the market shows a clear improvement and you want to be aggressive.
If you keep holding stocks below the 21-day and 50-day lines, you can exit, especially if they have fallen short. If you’re sitting on two or two such stocks with no big advantage, you can try to create a stormy atmosphere, but don’t do that with most of your portfolio.
That said, a lot of stocks aren’t far from a buy vent, such as Wafer, Cufoz or Google stock. Market rallies and a few good days for those stocks can be functional. So work on your watchlists. Find more quality stocks than their key moving averages. Be sure to include stocks in different sectors to make sure you are at the top of this migration market.
Read the big picture every day to stay in line with market direction and leading stocks and sectors.
Follow Ed Carson on Twitter IBD_ECarson For stock market updates and more.
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