Dow Jones futures, along with S&P 500 and Nasdaq 100 futures, rose late Monday, as bitcoin slumped before cutting losses. Apple stock is approaching a new buying point, while Nio stock has soared to new highs. Tesla dived in the midst of a potential climax.
The stock market rally slid from record highs on Monday amid moderate declines in major stock indices. The Dow Jones Industrial Average fell 0.3%, or 89 points, while the S&P 500 index declined 0.7%. The tech-heavy Nasdaq Composite is down 1.25%.
between the Dow Jones leadersAnd the an Apple (AAPL) 2.3% sold, while Microsoft (MSFTHe lost 1%. at the same time, Amazon.com (AMZN), The social networking site Facebook (FB) And the Twitter (TWTR) Everything fell sharply. Amazon shares fell 2.15%. Facebook is down 4% and Twitter down 6.4%.
However, the chip giants Advanced Micro Devices (AMD) And the NVidia (NVDAIt advanced 2.8% and 2.6%, respectively. AMD has reached a new high, while Nvidia is close to a new buying point, according to IBD MarketSmith chart analysis.
Tesla (TSLAIt decreased approximately 8%, flashing several signs of a potential peak. Chinese competitor New (NIOIt rose 6.4% to reach record highs after it unveiled its new sedan on its annual Nio Day.
Dow Jones futures today
Late Monday, the Dow Jones and S&P 500 futures rose 0.1% versus fair value. Nasdaq 100 futures rose 0.15%. Remember to trade in Dow Jones Futures And anywhere else it does not necessarily translate into actual circulation in the next normal cycle Stock market session.
An overview of the US stock market today
|index||Code||price||Profit / loss||% They change|
|Standard & Poor’s 500||(0S & P5)||3799.61||-25.07||-0.66|
Last update: 4:26 PM ET 1/11/2021
according to Worldometer data tracker, The cumulative number of confirmed coronavirus cases in the United States topped 22.9 million on Monday. The total deaths associated with the virus have risen to more than 383,000.
The cumulative total of confirmed Covid-19 cases worldwide since the start of the outbreak surpassed 90.9 million on Monday, with more than 1.9 million virus-related deaths.
Coronavirus stock market rally
Given the current bullish trend, November has been a major month for the stock market. IBD’s The Big Picture It indicated a fresh upside in the wake of the bullish market follow-up day on November 4th. Meanwhile, 2021 sees stocks far from their record levels.
Big Friday picture He commented, “The Nasdaq led Friday’s movement with a 1.1% advance. The 2.4% gain this week reached the point that the big tech companies and the majors are not yet ready to pull back.”
Investors should continue to use stock market power to buy breakouts. Be patient and wait for strong breakouts rather than chasing the extended stocks. If new hacks work, add more exposure. But if the breakouts start to fail, you can hold back.
In particular, focus on stocks with strong relative strength. Find it using Relative strength line. The RS line measures the stock price performance against the S&P 500. If the stock outperforms the broader market, the RS line tilts upward. If the stock is performing worse than the broad market, the line will indicate a decline.
Bitcoin fell as much as 23% on Monday, reaching as low as $ 30,305, before paring losses. Bitcoin was trading at around $ 35,000 late Monday, more than 15% of its lows, according to Kuindisc. Gray Scale Bitcoin Fund (GBTC) Is down 15.85% which is more than 20% from a 52-week high.
Bitcoin hit an all-time high of $ 41,962 on Friday. Year-to-date, Bitcoin’s value has increased by around 10%.
Dow Jones Stocks to Watch: Boeing Segments
Boeing was one of the worst performers on the Dow 30 on Monday. The shares fell 1.5 percent after a Boeing 737-500 in Indonesia’s Sriwijaya Air crashed into the sea shortly after taking off from Jakarta with 62 passengers on board.
Boeing stock is testing its 50-day moving average line down nearly 40% from its 52-week high.
Stocks in or near purchase areas: Chipotle, Lululemon, Tractor Supply
IBD Leaderboard Chipotle Mexican Grill member recovered 1,366.76 Double bottom buy point Last week as he bounced off the 50-day streak. Shares are up 0.1% on Monday. Buying area increased 5% to 1435.10.
to me Inventory check for IBDAnd the Chipotle stock Shows 81 of 99 complete IBD compound classification. A composite rating – an easy way to identify the highest-growing stocks – is a combination of fundamental and technical metrics to help investors gauge a stock’s strengths.
Lululemon decreased 1% in a volatile post-firm session Improve their adjusted earnings Revenue targeting for the fourth quarter. Lululemon expects its fourth-quarter earnings and sales to come “at the upper end of its previous range of expectations”.
The real drawback is the weak RS line of the stock. The RS streak is far from its old heights, indicating a severe underperformance. The Relative Strength Line measures the performance of the stock’s price against the broad market.
Chip Giants amd, nvidia lead
IBD 50 AMD and Nvidia stocks rallied sharply on Monday, ignoring stock market weakness.
AMD extended well from 88.82 buy points at a double bottom amid Monday’s rally of 2.8%.
IBD Leaderboard Nvidia rose 2.6% after Chinese electric car maker Nio chose Nvidia autopilot technology for the new Nio ET7.
to me Leaderboard The comment, “Nvidia may finally be forming the right side of its base, after weeks of flat action. The stock is still forming a flat base.” The new buy point is 587.76.
Tesla’s Chinese competitor Nio rose as much as 13% before cutting gains to 6.4% on Monday after The company is unveiled The new Nio ET7.
Shares tumbled nearly 5% late Monday before paring losses after the company announced that it would sell $ 1.3 billion in convertible bonds. The Chinese automaker said it plans to use the net proceeds from the bond offering mainly for corporate public purposes.
Nio ET7 will launch in the first quarter of 2022. ET7 will come equipped with advanced driver assistance capabilities, including Lidar functionality and an Nvidia-powered supercomputer. Nio claims it will have much more computing power and camera accuracy than Tesla Full Self Driving.
Shares followed Friday’s breakout above 57.30 long points in the base of a short cup. Shares have already been extended beyond the buy zone.
Tesla shares at the peak of the peak?
IBD Leaderboard Tesla stock fell from record highs on Monday, down nearly 8%. The stocks snapped an 11-day winning streak.
paying off Friday’s stock from IBD For a detailed analysis of the potential Tesla peak peak, which indicates that investors may want to take some profit.
On Friday, Tesla stock hit a record high of 884.49. Shares are up 88% from 466 buy-in points in the Handle Cup.
Dow Jones Leaders: Apple and Microsoft
In recent weeks, Apple shares have moved above strong entry points at 125.49 and 122.09.
Software giant Microsoft fell 1% on Monday, as it struggles to stay above the 50-day streak. Shares continue to follow new rule with 228.22 buy point.
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