Dow Jones futures along with S&P 500 futures and Nasdaq 100 futures fell late on Monday following the stock market’s record-high jump. While tech giants Alphabet, Facebook and Microsoft are in a new buy zone
On Monday, the high-tech Nasdaq composite was 1.7 percent higher, the S&P 500 was up 1.4 percent, while the Dow Jones industrial average traded 1.1 percent.
Among the Dow leaders An apple (AAPL) was up 2.4% on Monday, while Microsoft (MSFT) soared 2.8% in the stock market today. Boeing (BA) moved away from buy phase after last week’s uptrend movement.
Tesla (TSLA) jumped 4.4 percent on Monday after the company reported strong delivery of FANG leaders. Letters (GOOGL) and Facebook (FB) broke through the new buy point on Monday.
Among the top stocks to watch are chip leaders. Nvidia (NVDA) and Qorvo (QRVO) is in or near the purchase zone.
Alphabet, Boeing and Microsoft are IBD Leaderboard shares.Nvidia and Qorvo were featured in this week’s Stocks Near A Buy Zone column, Alphabet and Microsoft were discussed at Monday’s IBD Live show.
Dow Jones Futures today
After the stock market closed on Monday, Dow Jones Futures lost 0.2% to fair value, while the S&P 500 Futures edged down 0.15%. Nasdaq 100 futures lost less than 0.1% to fair value. Remember that trading in Dow Jones futures and elsewhere does not necessarily translate into actual trading during the next normal stock market session.
Overview of the US stock market today
|index||The symbol||price||Profit / loss||% Change|
|S&P 500||(0S and P5)||4077.78||+57.91||+1.44|
|IBD 50||(FFTY)||45.00 PM||+0.39||+0.87|
Last Update: 16:54 PM ET 4/5/2021
On Monday, the 10-year bond yield closed at 1.72%, below the 14-month high of last week of 1.765%.
Among the Innovator IBD 50 (FFTY) exchange-traded funds traded 0.8% more on Monday, the Nasdaq 100 Invesco QQQ Trust ETF (QQQ) tracker gained 2%, while the SPDR S&P 500 ETF (SPY) gained 1.4%.
Stock market rally: Dow, S&P hit new highs
Amid current stock market adjustments, the Dow Jones Industrial Average and S&P 500 hit record highs on Monday.
Meanwhile, the tech-intensive Nasdaq revived Thursday’s key 50-day moving average and moved past resistance at 13,600, expanding its winning potential to three sessions.
Big Picture of Thursday commented that “On Thursday, the Nasdaq gained 1.8% after the release of the second consecutive day of solid growth. The composite closed above its 50-day moving average after taking it under two weeks, but don’t take things for granted.” That is certainly a positive sign, it will make the Nasdaq better if it can move absolutely above that line. Additionally, the Nasdaq is coming up with a possible resistance test of 13,600 “.
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Bitcoin hit a high on March 13, reaching a high of $ 61,556.Bitcoin’s price was flat on Monday at around $ 58,250, according to CoinDesk.
Grayscale Bitcoin Trust (GBTC) was up 4 percent on Monday, up from its 50-day moving average.
Dow Jones stocks: Boeing
Within the Dow Jones Industrial Average, Boeing moved out of the buy range above a 244.18 buy point in the cup base, a 5% buy range as high as 256.39.The shares closed Monday at 259.36.
The shares were up 2.5 percent on Monday.
Stocks in the buy zone: Alphabet, Facebook
Alphabet IBD Leaderboard stocks are surpassing their new flat base buy point at 2,145.24, according to IBD MarketSmith chart analysis.The stock is in a 5 percent buy zone, rising to 2,252.50 amid Monday’s 4.2 percent advance.
According to the leaderboard, Alphabet was considered to be better than other big tech when it was downturn. Support at the 21-day line is now much better. Stocks also found support at the last 50-day line to be second. Which stage is positive “
Fellow FANG, the leader of Facebook shares, is trading above a buy point 299.81, a handheld cup. On Monday, Facebook shares were up 3.4 percent to move into a buy phase.
Chip stocks to buy and watch: Nvidia, Qorvo
Graphics chip maker Nvidia continues to move up to the right of the new cup base, offering 615 buyout points, beware of possible manipulations to offer more risk-appropriate items.
Nvidia’s stock was up 1.3 percent on Monday, expanding its winnings to three sessions.
Based on the IBD stock review, Nvidia’s stock showed a solid 93 out of the perfect 99 IBD composite rating.The IBD Composite Rating allows investors to accurately measure the quality of the stock’s fundamental and technical metrics. easily
Elsewhere in the semiconductor industry, Qorvo is in the buying phase after 191.93 entries in the consolidation. The stock was also above its 186.96 entry point after Friday’s breakout.Qorvo shares were up 2.8 percent on Monday.
IBD Live: A new tool for daily stock market analysis.
Tesla shares rose as much as 7 percent on Monday before rising to 4.4 percent following the company’s strong delivery.Tesla’s shares are keeping an eye on the 10-week line, a major resistance.
Tesla could build a new base. But it’s too early for a new buy-in point to take the risk.
On February 22, Tesla broke the 10-week moving average, a significant support level.On Jan. 25, Tesla stock hit a record high of 900.40 after gaining as much as 93% from its 466 buy point in the available cup. Handle
Dow leaders: Apple, Microsoft
Among the top Dow Jones stocks, Apple rallied 2.4 percent Monday, pushing for three wins.Apple shares rebounded from the 40-week line and could soon try to restore the 10-week line. Again
On Feb. 18, Apple shares triggered a 7% -8% cut-off rule when it fell more than 7% below its 138.89 buy point in a cup with a handle.
Meanwhile, software giant Microsoft edged up 2.8 percent on Monday.Microsoft is beating a 246.23 flat base and is in the buying phase.
Make sure to follow Scott Lehtonen on Twitter @IBD_SLehtonen. For more information on stocks, growth and the Dow Jones Industrial Average.
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