Markets rally ahead with ASML, chip stocks in the buy zone; Tesla, Neo, Roku Story Time Over | Investors’ business daily

Dow Jones futures will open on Sunday evening, along with S&P 500 futures and Nasdaq futures. The split stock market boom was a wild week, but ended on a strong note.


It has been a challenging environment, with enough positive action to entice investors, but it is volatile enough to get out. However, with the strengthening of the broader stock market rally over the last weekend, the release or flashing of bullish signals of various qualities from different sectors.

Also, the chip-equipment group is the hottest right now ASML Record (ASML), Lum research (LRCX), Antegris (ENTG), KLA Corp. (KLC) and MKS Instruments (MKSI) is currently actionable. The already strong group received a big boost last week Intel INTC has announced it will spend 20 billion on two new chip plants in Arizona. Intel stock reached a 20-year high, sinking its 10-week line before rebounding for modest gains.

The stock market boom is the biggest unknown. If it continues to grow, then ASML stock and other chip-gear plays a good opportunity to work. But if the stock market resumes book action or stable sales, expect more difficult times. This is why it is so important to come to a healthy, sustainable market rally. The stocks looked better over the weekend, but is this yet another fake. Meanwhile, the Nasdaq remains below key levels.

One area of ​​the market remains on intensive care: in speculative or rich-value growth stocks.

That includes EV stocks Tesla (TSLA), Neo (NIO), Expang (XPEV) and Li Auto Toe (LI). But that includes Teladok Health (TDOC), Roku (RQ), Baidu (BIDU), Palantier Technologies (PLTR) and many more. Down with Tesla stock, these stocks are below their 50-day line. Roku, Baidu and Palantir stocks are trading at 2021 lows.

ASML stock and Integris are on IBD50. LRCX is in stock and KLA is on the Big Cap 20.

Dow Jones futures today

Dow Jones futures open at 6pm on Sunday, 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 126.70 million. Covid-19 deaths topped 2.77 million.

U.S. There have been 0.85 million cases of coronavirus in India, in which more than 1,561,000 people have died.

Stock market rally last week

US stock market observed today

Index Symbol Price Advantages / disadvantages Change%
Dow Jones (0 DJIA) 32818.79 +199.31 +0.61
S&P 500 (0s and p5) 3937.51 +27.99 +0.72
Nasdaq (0NDQC) 12960.98 -16.70 -0.13
Russell 2000 (IWM) 217.69 +1.03 +0.48
IBD50 (FFTY) 43.10 +0.05 +0.12
Last updated: 3:06 PM ET 3/26/2021

The stock market bounced back for most of the week but found its bullish pro during Thursday’s session. Friday put a positive spin on the tremendous weekend of the last hour.

The Dow Jones Industrial Average rose 1.4% in stock market trading last week. The S&P 500 index rose 1.6%. Friday essentially all benefit game. The Nasdaq joint fell 0.6% after a sharp decline to Thursday’s low. Russell 2000 sank 2.8%, but it ended just above its 50-day line.

Among the best ETFs, the Innovator IBD E0 ETF (FFTY) fell tum..4% last week, while the Innovator IBD Breakout Chances ETF (BOUT) retreated 9.9%, even with a weekend gain. Eichers Extended Tech-Software Software Sector ETF (IGV) rose 0.5% on Friday, up 2.1%. Vanek Vectors Semiconductor ETF (SMH) rallied 3.4% on Friday’s 5% rally. Intel Stock, KLA, ASML and LRCX are all notable SMH holdings.

The SPDR S&P Metals and Mining ETF (XME) improved by 0.15%, but gained 6.app5% on Friday.

Reflecting more speculative story stocks, ARK Innovation ETF (ARKK) and ARK Genomics ETF (ARKG) both fell 6.9% last week with fractional losses on Friday. Tesla stock is the top holding in ARK Investment’s ETF. Teladok, Baidu and Roku stock are also major holdings by ARK, which also owns PLTR stock and Zoom.

Chip gear stocks in the buy zone

ASML stock rose 7.1% to 625.67 on Friday, down 14% on weekly gains. It is in the range of 608.81 by points of consolidation which was one day short of the cup base. However, ASML is 10.7% above its 10-week line, so it is augmented by some measures. But after Monday’s opening, with the start of a new week, the 10-week line will be something more. So ASML stock will remain in the buy range, although investors will wait to see if some of the shares pull back. The relative strength line is at a new height.

LRCX stock jumped 6.6% on Friday, hitting a high of 4,584.33 from its 50-day and 10-week line. Lam Research stock is now actionable, 603.70 as the official buy point.

Antegris stock jumped just 6% to 110.03. Which broke the trend line and cleared 108.92 handle entry. The ENTG stock, which can be seen as a double-bottom base, has another entry of 110.47. The official buy point is 114.10.

Shares of KLAC rose 9.9% on Friday and .2.5% for the week to reach 939..9.44, surpassing the L-XX stock’s -0 day line. The official entry for KLA stock is 342.31.

According to Marketsmith analysis, MKSI shares rallied 7% to 183.11, above the 117.46 double-bottom bottom buy point. But it also has a messy handle with an entry high of 184.79. MKSI stock is slightly below that, although it ended above the closed high of the handle on Friday. The RS line is at short-term highs.

7 IPOs expected to grow 488% in 2021

Story time for Tesla Stock, Roku

Last week Tesla stock fell 5.5% to 618.70, the sixth decline in seven weeks. Last week Tesla stock at least tried to go back above its 21-day line, which is higher than so-called in most story stocks.

Neo stock sank nearly 17% as it closed at its 200-day line. Expang stock fell 14% and Li Auto toe fell 9.8%.

Tesla is expected to report first-quarter global deliveries by the end of next quarter. Neo is expected to release March figures next weekend, but warned on Friday that it would suspend output next week and streamline its Q1 delivery targets.

Roku shares fell 12%, Teladok 7.4% and Baidu 19%, all at 2021 lows. PLTR stock 7.15% slide, recent low tests.

These were all big winners of 2020. The “story” is still there. This can be helpful when the stock is moving higher, but don’t let technical hints rewrite the story. From Baidu Stock to Tesla, all these names are seriously damaged. Many of these stocks may bounce back, but it can take a significant amount of time. Some former winners never come back.

Wait for these stocks to reclaim their 21-day and 50-day lines before taking them seriously.

IBD Stock of the Day: This is in the Mining and Metals Play by Range

Market Rally Analysis

The stock market rally showed positive overall action, thanks to some late heroism, but it was still a mixed bag.

The Dow Jones tested its 21-day lethal average on Thursday. The S&P 500 closed below the 21-day low on Wednesday and will cut the 50-day line briefly in the following session. But by the end of the week, the Dow and S&P set record, closing below the low-time high.

Friday’s strong Dow and the S&P 500’s move to a volume higher than Thursday’s, the following days were favorable. But because the market entered Friday as a clear correction as opposed to a “correction under pressure”, it is not FTD. However, given the volatile market, the large gain in volume is very welcome.

Russell 2000 fell below its 21-day and 50-day lines last week and came close to a March low before rebounding. The small-cap index closed above the 50-day line, but still with weekly losses.

The Nasdaq, despite its large intraday swings, was finally in the week with the least result of the four-key index. He resumed his 21-day claim after the last 21 weeks, but soon hit resistance on his 50-day line and sold out. After returning to intraday lows on Thursday, the Nasdaq ended with a modest loss. The Nasdaq’s strong Friday gain also came on lighter volume.

Ultimately, the tech-heavy composite remains below its 21-day and 50-day moving averages. As far as that is the case, there will be a question mark about the boom in the entire stock market.

As volatile as the broad index is, individual stocks and sectors were also often choppers. Despite the overall trend sideways, the large intraday and weekly moves make it very difficult to move forward.

There is good enough action to attract investors. And high enough to shake them. It is a feature of the cattle market.

If the market can move stronger, or move slowly into tame action, stocks that can be bought today are likely to prosper. But that’s the big wild card.

What to do now

This Is Stock market rally, with Friday’s action stimulus. There Is By-zone or a number of quality names to set. So that investors can invest. But keep your personal position small and keep your overall exposure light until this confirmation that the market is on a steady path.

Have an exit strategy for your position. This is especially important in four-day markets, when stocks are likely to pull significantly after a buy signal is broken or flashed.

Create a comprehensive watchlist. Look for stocks with strong fundamentals or at least rebounding earnings that are moving to or beyond the previous level of the epidemic. Be sure to check out the various watchlists. Check out. Yes, chip gear and housing retailers are looking strong, but the stock market rally is in the lead. So don’t stop in one or two groups.

Read the big picture every day to stay in line with 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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