Dow futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures. The stock market tumbled to new lows last week, but then rebounded strongly, with Russia’s invasion of Ukraine continuing front and center.
X
The market is in a correction, with the Nasdaq briefly reaching a downward limit of 20%. But a new attempt to rise in the market is underway. Investors should remain cautious until there is a confirmed uptrend, but they should build their own watchlists.
Apple stock Microsoft (MSFT), Regeneron Pharmaceuticals (Region), GB Hunt Transport (JBHT) And the Arista Networks (Network) is not in the scope of purchase now. But an Apple (AAPL) and these other names are generated near buy points And it could be doable if the rally attempt builds momentum.
at the same time Tesla (TSLA) rebounded from a six-month low of 700 during Thursday. But Tesla stock still fell 5.5% to 809.87 for the week, ending below the 200-day streak. Crossing that 200-day streak is critical for the EV giant. But TSLA’s stock is still far from an early entry.
Tesla and Microsoft shares are working IBD Leaderboard. Microsoft stock is up too Long-term leaders of IBD.
Dow jones futures contracts today
Dow Jones index futures open at 6 p.m. ET on Sunday, along with S&P 500 and Nasdaq 100 futures contracts.
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 session.
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Corona virus news
The number of global cases of coronavirus has reached 433.53 million. Covid-19 deaths have passed 5.95 million.
The number of coronavirus cases in the United States has reached 80.53 million, with the death toll exceeding 972 thousand.
stock market rise
The stock market rally rebounded late in the week after falling to multi-month lows.
The Dow Jones Industrial Average fell 0.1% last week stock market trading. The S&P 500 rose 0.8%. The Nasdaq Composite Index rose 1.1%. Small cap Russell 2000 rose 1.5%.
between the Best ETFsThe Innovator IBD 50 ETF (fifty) advanced 1.1% last week, while the creator of the IBD Breakout Opportunities ETF (fit) rose 0.3%. iShares Expanded Technology and Software Fund (ETF)IGV) jumped 3.4%, as MSFT stock was a major component of SMH. VanEck Vectors Semiconductor Corporation (SMH) rose by 2%.
SPDR S&P Metals & Mining ETF (XMEIt jumped 4.8% last week, hitting a new high. Global Infrastructure Development Fund X US (cradle) rose 0.7%. US Global Gates Foundation (ETF)Planes) closed up 0.7%. SPDR S&P Homebuilders ETF (XHB) decreased by 0.3%. SPDR Specific Energy Fund (SPDR ETF)XLE) up 1.2% and the Financial Select SPDR ETF)XLF) decreased by 0.3%. SPDR Healthcare Sector Selection Fund (XLV) rose by 2.7%.
Shares reflect more speculative stories, the ARK Innovation ETF (see you) rebounded 4.7% last week and the ETF ARK Genomics (ARKG) 4.5%. Both hit 20-month lows during the week. Tesla stock continues to rank number one among Ark Invest’s ETFs.
Top 5 Chinese stocks to watch right now
stock to watch
While some stocks are already flashing buy signals, current market conditions and the headlines of an invasion of Ukraine still make new positions risky. Apple, Microsoft, Arista Networks, Regeneron and JBHT stocks are worth watching as they could trigger buy signals if the bullish market attempt continues to build strength.
Apple stock fell 1.5% last week to 164.85, but moved away from Thursday’s lows of 152, when it touched the 200-day line. no longer file cup base with handleAAPL stock is a consolidation with 183.04 buy points. Investors can view Apple’s chart as a file double bottom pattern, giving her an entry of 176.75. That would definitely be an early entry at least. An earlier entry will come if Apple stock retraces the 50-day line, which will also coincide with the breakout of the trend line.
The line relative force As for AAPL stock, it is still near record levels. The RS line, the blue line in the provided charts, tracks the stock’s performance against the S&P 500 Index.
Microsoft stock rose 3.3% last week to 297.31 after hitting an eight-month low on Thursday. Stocks coming to the 200 day streak. A move above this level, as well as the trend line, would provide an entry as a long-term leader. The 50-day line, which roughly coincides with the February highs, is also an important area. The traditional purchase point is 349.77, according to MarketSmith Analysis.
ANET stock fell 1.9% to 123.50 last week, but bounced back from near the 200-day line. Stocks are still below the 50-day line. Arista Networks share price is 148.67 buy points. Investors can use the February 17 high of 138.87 +10 cents as an early entry. Arista’s earnings and sales growth accelerated modestly in the last quarter. The price-earnings ratio is not extreme.
REGN stock rose 0.6% to 618.66, finding support at the high 200-day line and closing just below it 50 days Line. The official buying point for Regeneron stock is 673.96 from flat base next to another base. Investors can use the recent high of 645 + 10 cents as income, or even a trendline for a slightly lower entry. Regeneron boomed in 2021 from Covid treatments, but profits are expected to decline in 2022, although to remain well above the pre-2021 level. PE is in the single digits.
JBHT stock rose 4.1% to 196.90 last week, hitting the 50-day streak. JB Hunt stock has 208.97 buy points with a flat base. But investors can use 199.42, just above the February 15 high, as an early entry.
Market Rise Analysis
Stock market recovery is dead. Long live the stock market rally (try). The stock market slipped back into the correction on Wednesday as the major indexes broke below their Jan. 24 lows, putting a confirmed long-suffering uptrend out of its misery. On Thursday morning, the Nasdaq fell more than 20% from its November peak, hitting bear market territory. But major indexes rebounded on Thursday and Friday, closing near session highs in the two days.
Friday was the second day of trying to rally the stock market. A good day or two in the market correction is not meaningful. That’s why it’s important to find a file Follow-up day To confirm the stock market rally. Of course, as recent events have shown, sure rallies are not always successful.
The market continues to be driven by Russia and Ukraine headlines and is subject to significant and rapid volatility. Positive swings are pleasant, negative reversals are not many. The Federal Reserve will start raising interest rates in a few weeks, with the Russian invasion and Western sanctions complicating the task of policymakers in reining in inflation without flooding the economy.
On a technical basis, even a certain height will encounter many obstacles. Major indicators are still below the major moving averages, their February highs and their all-time highs.
Time to Market with IBD’s ETF Market Strategy
What are you doing now
Aggressive investors can start nibbling at broad market stocks or ETFs, but with this big caveat. If you’re going to jump early, you should be prepared to get out just as quickly, or even faster. Any new jobs should be small.
There is a strong argument that investors should wait for a follow-up day to start adding exposure, and even then cautiously. By then, stocks such as Apple, Regeneron and ANET may be flashing buy signals. But they may not succeed.
It’s definitely time to work on your watch lists. A good number of stocks like Microsoft are prepared from a variety of sectors, if you get a good few days.
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