Dow futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures. The stock market rally saw modest losses last week, but it is struggling to find support as Wednesday’s rebound faded on Friday.
The S&P 500 fell below its 50-day moving average. An apple (AAPL) also broke through the 50-day streak, but industries, including fellow giant Dow Jones Larva (Never), as well as miners, steelmaking and materials companies were the big losers.
But growth stocks had a strong week overall. Microsoft (MSFT), unlike tech giant Apple’s stock, has risen from a 10-week streak. Small caps hold the main support.
Oil and gas stocks had a big week, with Devon Energy (DVNClear early entry and courtship with direct penetration. Specialized shoe plays Crocs (CROX), outdoor deckers (deck) And barn boot (long shoes) swarm, with the last two executable. Chipotle Mexican Grill (CMG) is among the many restaurant chains trying to get back on the investment list.
Chip stocks were generally uneven, but ingress (ENTG) erupted while Advanced Micro Devices (AMD) raises a potential entry if the market rally cooperates.
but there is a problem. Will the stock market rally find support at current levels, or will the pullback turn into a direct correction?
Microsoft shares, Devon Energy and Deckers are in the running IBD Leaderboard. Microsoft and ENTG stocks are running Long-term leaders of IBD. Crocs and DECK stock available at defect 50.
Dow jones futures contracts today
Dow Jones index futures open at 6 p.m. ET on Sunday. So do the S&P 500 and Nasdaq 100 futures contracts at xx%.
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.
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stock market rise
The middle of the week saw the stock market rally strongly but it started poorly and ended like that.
The Dow Jones Industrial Average fell 0.1% last week stock market trading, after it has already fallen below the 50-day line. The S&P 500 fell 0.6%. The Nasdaq Composite lost 0.5% thanks to Friday’s 0.9% decline. Small cap Russell 2000 rose 0.4%.
Apple stock fell 1.95% last week, almost all on Friday, weighing on the Dow Jones, S&P 500 and Nasdaq composite indices. Microsoft slipped on Friday, but still rose 1.4% for the week, giving a boost to the major indicators.
between the Best ETFs, The Innovator IBD 50 ETF (fifty) rose 1.75% last week, rebounding from notable early losses. The Innovator IBD Breakout Opportunities ETF (fit) lost 0.3%. iShares Expanded Technology and Software Fund (ETF)IGV) is down 0.1%, even with MSFT stock as a major component. VanEck Vectors Semiconductor Corporation (SMH) by 0.5%, with AMD stock being a key component.
SPDR S&P Metals & Mining ETF (XME) is down 5.3% and US global X infrastructure ETFs (ETF) are down 5.3%cradle) down 2.2%. US Global Gates Foundation (ETF)Planes) climbed 2.4%. SPDR S&P Homebuilders ETF (XHB) decreased 0.85%. SPDR Specific Energy Fund (SPDR ETF)XLE) by 3.2%, with a DVN stock component. SPDR Financial Choice Fund (SPDR)XLF) finished just below the break-even point.
Shares reflect more speculative stories, the ARK Innovation ETF (see you) rose 0.5% and the ARK Genomics ETF (ARKG) 0.2%, supported by Friday’s gains of 2.1% and 3%, respectively.
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Market Rise Analysis
Last week’s losses in the major indices were losers, but where and how they occurred were disappointing. On Wednesday, the S&P 500 found support at the 50-day line, exactly where you’d expect it, as the broader stock market rebounded. Thursday seemed to show some resolve, as the indices pared or erased their losses on the day. But Friday’s dip, with the S&P 500 closing just below the 50-day line, points to a potential change in character.
On the bright side, growth stocks have performed well overall, with a strong performance of the high-value ARK emerging late in the week. The Russell 2000 index rebounded from the 200-day line and closed again above the 50-day level. These suggest that the stock market rally is in better shape than the S&P 500 and other major indicators.
Then again, growth and small businesses made gains against the major indices’ meager weekly losses. If the recent breakout was well below the 50-day line, which is now clearly risky, it will be a tough challenge for growth names to keep rising, especially higher values like cocky (UPST) that has gone on to massive runs over the past several weeks.
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What are you doing now
That’s why the international investment bank warned investors to cautiously increase exposure on Wednesday and Thursday, despite a number of promising buying opportunities. The short-term market rally trend has been in flux – and still is. Some of the recent purchases may be holding up, while others may look shaky.
Investors must again be less aggressive. For investors who stopped getting exposed during the pullback and didn’t add much during the short-term bounce last week, a wait-and-see approach might make sense. Investors who have fully invested, or made a lot of buying in the middle of the week, may want to consider cutting losses, cutting losers and taking partial profits.
Whatever your particular situation, analyze your current holdings and rewrite your watch lists. Then make a game plan for what to do if the market rally strengthens, presents new buying opportunities, or continues to decline.
Be flexible. With the market apparently rising at a turning point, you may be bullish in the morning and bearish at the close.
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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