Dow Jones futures open on Sunday. Along with the S&P 500 futures and Nasdaq futures, the stock market rally continued to be strong last week. With more breakouts and more buying opportunities. But investors should be careful. Ready to operate in a still tricky market
goldman sachs stock, Nvidia (NVDA), Google-parent letters (GOOGL) and General electric All (GE) are in the buying phase.
Nvidia and Google stocks are on the IBD leaderboard. Goldman Sachs (GS) is on SwingTrader and IBD 50.
Tesla EV competitor Nio reports sales
Nio (neo) Xpeng (XPEV), Li Auto (LI) and BYD Co., Ltd. (BYDDF) is expected to release production and delivery figures for May next week. Perhaps as early as June 1st, Can Nio and Chinese EV competitors can take advantage of. Tesla (TSLA) Is there a problem in that big automaker? Or will a chip shortage hamper their plans to expand their business?
In particular, Nio has warned that chip issues will limit production in Q2 Xpeng and Li Auto, which reported earnings last week. It saw steady growth in the second quarter.
Tesla’s Chinese sales in May will come in June, according to industry reports. in April Tesla’s sales in China are down nearly two-thirds. It is unclear whether that reflects weak demand amid growing consumer feedback in China. which was proposed by the state media or limited production due to chip or battery shortages China was Tesla’s main growth driver in the past year. So taking a step back will be a huge aftermath for the EV giant.
Nio stock restored its 50-day line last week along with Xpeng, Li Auto and BYD, but they are all still much below their old levels. Tesla shares restored their 200-day moving average back to 50 days.
AMC Stocks, GME Stocks: Meme Streets
Finally, meme shares added by Reddit users remain in focus after GameStop (GME), and AMC Entertainment (AMC) soared last week, GME shares jumped 26 percent, despite Friday’s 13% drop, AMC shares jumped 116 percent to a record high.
Whether it’s a squeeze play or a buyer who sells to a new retail investor, AMC stocks and GME stocks have a lot of momentum. Whereas the bull market is entering options. Especially for AMC stock, the fundamentals are terrible. A long-term field for AMC and GameStop, which were struggling before the pandemic. It comes with enough table salt that they should come with health warnings.
When stocks fluctuate by 20%, 40% or more during the day for no apparent reason. In general, investors should avoid and focus on the trades in which they have an advantage.
Expect rapid sales growth from this security software leader.
Bitcoin Price Sell On Friday Down to just $36,000 over the long weekend. Weekend trading tends to be more volatile for Bitcoin and other cryptocurrencies. with lighter trading volumes
Bitcoin has made several attempts to price above $40,000 over the past week. and quickly reversed each time. The $40,000 level is an area near the Bitcoin 200-day moving average.
Bitcoin hit a record high of $64,829.14 in mid-April. But the selloff started on May 9, when it began to fall from above $59,000. The cryptocurrency was down nearly $30,000 at the end of May.
Coinbase (COIN) was down 4.3% on Friday at 236.54 as Bitcoin fell, but COIN shares are up 5.4 percent this week.
Dow Jones Futures Today
Dow Jones futures will open at 6 p.m. ET Sunday, along with S&P 500 futures and Nasdaq 100 futures, although U.S. markets are closed for the Memorial Day holiday on Monday. The Dow jersey will trade on Monday morning and Monday evening.
Remember, overnight operations on Dow Jones Futures and elsewhere don’t necessarily translate into actual trading on the next stock market session.
Join IBD experts as they analyze actionable stocks in the stock market recovery on IBD Live.
news about corona virus
Coronavirus cases worldwide reach 170.10 million, death toll from COVID-19 is 3.53 million.
The number of infections in the United States has reached 34.02 million, with over 608,000 deaths.
stock market rally
The stock market improved last week. with strong to strong increases in major indices and leading stocks and sectors.
The Dow Jones Industrial Average was up 0.9% in stock trading last week. The S&P 500 was up 1.2 percent, the Nasdaq was up 2.1%. The lowercase Russell 2000 gained 2.6%.
Among the best ETFs, the Innovator IBD 50 ETF (FFTY) bounced 3.5% last week, while the Innovator IBD Breakout Opportunities ETF (BOUT) surged 1.9%; iShares Expanded Tech-Software Sector ETF (IGV) was up 2.8% VanEck. Vectors Semiconductor ETF (SMH) surged 4.6% with Nvidia as the main component.
SPDR S&P Metals & Mining ETF (XME) up 4.3% and Global X US Infrastructure Development ETF (PAVE) up 1.6%. US Global Jets ETF (JETS) up 3.5%, SPDR S&P Homebuilders ETF (XHB) up 3.3. %
Reflecting more speculative story stocks, the ARK Innovation ETF (ARKK) jumped 5.8% and the ARK Genomics ETF (ARKG) 4.3%, both retreating on Friday after touching resistance at the 200-day moving average by the 50-day line. Their rivals compete for a 200-day price cut. Tesla shares are the No. 1 stock of the ARK Invest ETF. ARK Invest has become a major investor in COIN as well.
The Five Best Chinese Stocks to Buy and Watch Now
Nvidia Hits Buy Points
Nvidia rose 8.4 percent last week to 649.78, just clearing a 648.67 buy point from the short base cup. Friday’s high-volume breakout was a late reaction to Nvidia’s strong earnings on Wednesday night. NVDA shares jumped nearly 20% from their May 19 intraday low, so a reversal wouldn’t be surprising. mind Note that Nvidia’s last three breakouts quickly failed.
Investors may buy Nvidia shares on May 20 or 21 as it bounces off the 50-day line and breaks the short-term trend line. But that could be risky given Nvidia’s imminent earnings.
The relative strength line for NVDA shares is at the peak of the consolidation. Although it is still below the all-time high of 2020.
Goldman Stock Eyes New List
Goldman Sachs shares rose 1.6 percent to 372.02 last week. It is now in the 5% chase zone from 356.95 cup base buy points according to MarketSmith analysis, but is closing at 377.08 in the short consolidation on the daily chart. On the weekly chart, GS shares had a solid three weeks with 373.08 entries. Goldman shares almost formed a solid four weeks. But last week’s 1.6% gain slightly exceeded the 1.5% weekly swing limit.
GE shares flash buy signal near breakout
GE shares rose 6.3 percent to 14.06 last week. On Thursday, General Electric’s shares rose 7.1 percent above the trend line and reached just 14 short-term highs, almost at the 14.51 official buy point.
on Thursday, airbus (EADSY) Increase production goals while Southwest Airlines (LUV) key Boeing The customer (BA) said it needed 500 planes. General Electric makes jet engines for Boeing and Airbus.
GE shares pulled back slightly on Friday. Investors can buy General Electric now or have a breakout.
Google Stock is still in the range.
Shares of Google were up 2.7 percent last week to 2,356.85, despite their modest drop on Thursday and Friday. The FANG giant rebounded from its 10-week row the previous week. Even now, Google shares are just 4.1% above the 10-week line, but still in a good range. Over the next week, GOOGL shares may have a stable base with 2,431.48 points to buy.
Rally Market Analysis
The stock market rose for a strong week. Despite some weak closing days, the Dow Jones and S&P 500 closed at all-time highs, the Nasdaq and Russell 2000 restored their 50-day moving averages, among other things. Top stocks are doing well. with breakouts and other buying opportunities who work in a variety of industries like Goldman, GE, Google and Nvidia do better.
The market rally continues. “Under pressure.” One bad day and the Nasdaq returned below the 50-day moving average, with the S&P 500 also threatening to fall.
what to do now
when the market is trending up as it has been in the past several periods. Investing will be much easier. Hopefully investors will take advantage of the latest positive trends to gradually increase exposure
Do not rush to create exposure. Let the market rally draw you in. After a follow-up day in April 2020, a torn stock market rally has sent a series of powerful breakouts. The current slow and volatile market environment is gradual. attract investors Assuming that the short-term trend continues
Like a tennis player waiting to be served Investors need to be focused and ready to respond to any situation. quickly
Update your watch list Set alerts and pay close attention to your most promising potential buys. In this market, it is extremely important to enter the stock as close as possible to the buy point. So get involved with the market.
There is always an exit strategy. If the market goes bad again What are you holding in the sand?
Read The Big Picture daily to stay up-to-date with market trends and top stocks and sectors.
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