Dow futures: market rally, these five stocks at reversal points; Tesla FSD Beta opens

Dow futures open Sunday evening with S&P 500 and Nasdaq futures contracts. The stock market rally attempt is underway, but the major indices have all hit resistance at key levels as Treasury yields continue to rise. Tesla (TSLA) back in the headlines during the week.




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The stock market rises at an inflection point. The major indicators need to surpass the resistance levels and follow to confirm the new bullish attempt.

Microsoft (MSFT), nvidia (NVDA), sea ​​ltd (I know), fortinet (FTNT) and Google Parent the alphabet (The Google) Everyone bounced last week near the 50 day moving averages. Except for the Nvidia stock, it can be considered doable in a certain market rally. But investors neglect the letter “M” in CAN SLIM at their own risk

Meanwhile, the Tesla FSD Beta will begin opening up to more fully self-driving owners at midnight Friday, according to CEO Elon Musk. Tesla will also hold an event at its plant in Berlin on Saturday, with questions about when that plant will be operational. Tesla stock is in buy territory.

Tesla, Google, and Microsoft Stock are up and running IBD Leaderboard. SE stock is running SwingTrader. Microsoft, Google, and FTNT stocks are in the works Long-term leaders of IBD. Google stock is in defect 50.

The video included in the article analyzes the market rally attempt and reviews the shares of Google, Microosft, Nvidia, and proximity (the documents).

Dow jones futures contracts today

Dow Jones futures open at 6 p.m. ET on Sunday, along with S&P 500 futures and Nasdaq 100 futures.

Remember to work overnight in Dow Jones futures contracts and elsewhere that does not necessarily translate into actual circulation in the next regular session Stock market Period.


Join IBD experts as they analyze actionable stock market actionable shares on IBD Live


Corona virus news

The number of coronavirus cases worldwide has reached 237.96 million. The number of Covid-19 deaths has passed 4.85 million.

The number of coronavirus cases in the United States reached 45.12 million, with the death toll exceeding 732 thousand.

Stock market rally last week

The stock market rally attempt rebounded from Monday’s lows, then hit resistance late in the week.

The Dow Jones Industrial Average rose 1.2% last week stock market trading. The S&P 500 rose 0.8%. The Nasdaq Composite Index is up 0.1%. Small cap Russell 2000 decreased 0.3%.

The 10-year Treasury yield is 1.605%, the highest in four months. The 10-year yield jumped 14 basis points last week, the seventh consecutive weekly gain and the biggest advance since the week ending Feb. 19. This February high coincided with the top of the Nasdaq.

ETFs

between the Best ETFs, The Innovator IBD 50 ETF (fifty) fell 0.9% last week, after falling 8.7% the previous week. The Innovator IBD Breakout Opportunities ETF (fit) rose by 1.8%. iShares Expanded Technology and Software Fund (ETF)IGV) down 0.2%, with MSFT stock a major component and Fortinet as well. VanEck Vectors Semiconductor Corporation (SMH) down 0.7% with Nvidia stock being a key member.

Shares reflect more speculative stories, the ARK Innovation ETF (see you) is down 0.5% and the ARK Genomics ETF (ARKG) decreased by 4%. Tesla stock continues to lead across ETFs at ARK Invest.

SPDR S&P Metals & Mining ETF (XME(Up 0.1%, Global X US Infrastructure Development ETF)cradle) rose by just over 1%. US Global Gates Foundation (ETF)Planes) declined by 3.7%. SPDR S&P Homebuilders ETF (XHB) rose 0.7%. SPDR Specific Energy Fund (SPDR ETF)XLE) up 5.1% and the Financial Select SPDR ETF (XLF) emerged 2.3%.


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Tesla FSD Beta opens

At midnight Friday, the Tesla FSD Beta will add 1,000 owners to fully autonomous driving, starting with those who scored a perfect 100 on a safety test that measures their ability to drive on various scales. You will continue to add FSD owners and subscribers over the course of several days, at least for several days.

Tesla will also release an FSD Beta 10.2 Friday night.

Meanwhile, Saturday’s Tesla Berlin event may lead to actual hints or predictions as to when this facility will be operational. Musk made comments over the summer that were interpreted to mean production could start as soon as October, but he may have been referring to regulatory approval. It is not clear if the plant is nearing completion.

The FSD Beta and the Berlin plant are key to Tesla’s growth story, especially with no new cars or new big markets planned for 2022.

A successful FSD Beta release could serve as an ongoing money maker and brand builder for Tesla. But if FSD drivers are complacent and several accidents occur, it could damage the brand and risk a regulatory response. Meanwhile, the Berlin and Austin plants will greatly enhance Tesla’s capacity. The question is: Will there be enough demand, especially as overall vehicle production is slowly recovering from chip problems and the entry of a large number of new electric vehicle competitors into the US market?

Tesla stock rose 1.3% to 785.49 last week, its seventh consecutive weekly gain. Stocks in the buy range of 764.55 handle buy point.

google stock

Google stock rebounded from Monday’s lows to close just above the 50-day moving average but below the 10-week line. It is also located directly in the trend line. The line relative force Just below record highs after a solid run. In the event of a confirmed market rally, this is likely to be an early entry into the market flat base. The official purchase point is 2,925.17, according to MarketSmith Analysis. But if the market falters, Google will likely come under pressure. The good news is that he probably won’t fall apart like some of the dignitaries do.

nvidia stock

Nvidia’s stock rose to the 50-day streak on Thursday, but returned a bit. The market will likely need to pick up the strength to make a real run. If the stock market rally continues and Nvidia breaks above the 50-day line and trend line, it will be doable. She’s working on a new merge that will be an official base after another week.

SE stock

SI Limited, which pulled back to the 50-day line in late September, held up well in the heavy market selling on Monday. On Thursday, SE stock rebounded above the 21-day line, hitting the trend line, but closed near session lows. On Friday, it reversed lower, back above the 50-day high but below the 10-week line. If SE stock can break through Thursday’s high in a healthy market, it will be doable. It also has a flat base on the weekly chart with 359.94 buy points.

stock fortinet

FTNT stock fell below the 50-day line in late September, but not long after. Stocks rebounded from 50 days and above the trend line on Thursday, then fell on Friday. Investors are likely to wait for the market rally to show more strength and use Thursday’s high of 313.24 as an entry. FTNT also has a new flat base with 322.10 buy points.

Microsoft stock

Microsoft’s stock chart is very similar to Google’s chart. MSFT stock is just above the 50-day average and just below the 10-week line, sitting on the trend line. Boasts a 305.94 flat base purchase point.

Market Rise Analysis

The stock market attempt was at an inflection point. After Monday’s heavy selling, major indicators rebounded. The market was oversold on Monday, so a rebound for a few days was no surprise. But the real trick is whether or not large organizations will stick to this new market rally, and that’s why Follow-up day is the key.

So the major indexes rose on Tuesday, Wednesday and Thursday, but then stalled on Friday as rising Treasury yields weighed on their losses. The Dow Jones and S&P 500 indices hit resistance at the 50-day moving averages while the Nasdaq stopped short of the 21-day line, 50 days below.

Indicators need to surpass their resistance levels and confirm the new uptrend. If they fall back, there is a high risk that this correction will lead to a new landing.

In the past week, several blue-chip stocks have flashed early entries or other buy signals, or were about to do so. This includes tech giants like Microsoft, Google, and Nvidia as well as high-profile experimental names like upstart holding (UPST) And Bill.com (law Project). If this market rally had legs, many or most of them would come forward. But if this rally fails, the vast majority of these potential new leaders will also vanish.

When the 10-year Treasury yield ruptured in late 2020 and early this year, stocks initially continued to rally, but eventually tumbled. The Nasdaq struggled for months, even after returns peaked.

This time around, market pressures almost coincided with the 10-year yield rally, especially since mid-September. Over the next few weeks, stock and bond investors will focus on the Federal Reserve, and whether it will begin to scale back bond purchases. Although Fed Chair Powell has moved very slowly towards tapering, the beginning of the end of easy money could weigh on financial markets for a long time.

Another factor is that President Joe Biden is expected to announce his selection to head the Federal Reserve in the coming weeks as well, with Powell’s term ending early next year. Biden could nominate Powell for a second term, likely to the delight of Wall Street. But maybe not. This can create uncertainty at a precise time.


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What are you doing now

If you make some test buys while the market is recovering and it’s still flat or a little higher, you can hold on to it, although it bears to watch closely. But right now, this isn’t a great time to add. While there could be a quick upside if the market rally strengthens next week, the downside from any fresh buying could be sharp.

At this point, with the initial bounce, investors should wait to see if the big institutions will actually support this rally in the new market.

If they do, and you follow the major indexes and break through the 50-day lines, you need to be ready. There are dozens of stocks that are potentially executable or under construction. Have these on your watch list, and highlight a handful of the things you care about most.

Meanwhile, if the major indicators break down, you should be quick to cut out new purchases that aren’t working and consider switching entirely to cash.

is reading The Big Picture Every day to keep up with the trend of the market, stocks and leading sectors.

Please follow Ed Carson on Twitter at Tweet embed For stock market updates and more.

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