Dow Jones index futures fell slightly on Tuesday night, while S&P 500 index futures and Nasdaq futures fell. Palantir. Technology (PLTR) A major contract with the military has expired. The major stock indexes rebounded on Tuesday after a strong sell-off on Monday. However, this tentative stock market rebound has yet to be confirmed as an upward trend.
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Google Action, Microsoft (Microsoft), Data dog (sugar cane), Serve immediately (Currently), Digital turbine (application), Capital one (memory), Dekang (DXCM), turn around (RVLV) and UHaul’s parent company America (UHAL) is one of the titles worth paying attention to. Usually, they will keep or reset a continuous record for 50 days.However, when Google is mainly running, APPS stock is rebounding from the 200-day consecutive rise Alphabet (Google) and Microsoft stocks resumed 50 consecutive days of rising. But all these relative lines of force are at or near height.
Google, Microsoft, and ServiceNow share the work IBD ranking, and DDOG Action is on the ranking list. It also provides long-term NOW leaders from Google, Microsoft and IBD. The trading price of the stocks DXCM and Datadog is 50 defects. UHAL stock is Tuesday stock IBD.
The video included in this article discusses market movements on Tuesday and analyzes Datadog, Microsoft, and DXCM stocks.
Blantyre’s army contract
At the same time, Palantir has announced that it has signed a $823 million contract with the U.S. military.
The company said in a press release: “Palantir will deploy the Palantir Gotham platform to support military intelligence users around the world through a globally unified data and analysis structure that includes multiple security classifications.”
PLTR shares rose 14% in extended trading. This should push Palantir above the 50-day and 200-day moving averages. PLTR shares rose 0.2% to 23.21 points on Tuesday.
Today’s Dow Jones Futures Contract
Dow futures fell 0.35% from fair value. S&P 500 index futures fell 0.5%, and Nasdaq 100 index futures fell 0.6%.
Remember to spend the night in the Dow Jones futures contract and other places, this will not necessarily translate into actual circulation on the next ordinary trading day. The stock market period.
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Trying to rebound in the stock market
Although the major stock indexes closed from a high position, the trading volume was weak, but the stock market still rose sharply.
At the same time, the Dow Jones Industrial Average rose 0.9% in exchange trading on Tuesday. The Standard & Poor’s 500 Index rose more than 1%. The Nasdaq Composite Index rose 1.25%. Russell 2000 small stocks rose 0.35%, slightly higher than the 200-day series and slightly lower than the 50-day series.
Crude oil prices continue to rise. The 10-year Treasury bond yield rose by 5 basis points to 1.53%.
Among the best ETFs, the innovator IBD 50 ETF (50) rose 1.5%, while the innovator IBD Breakout Opportunities ETF (formally) rose 1.2%. iShares Expanded Technology and Software Fund (ETF) (IGV) rose 1.7%, MSFT stock is the main component, and ServiceNow is the significant ownership. VanEck Carriers Semiconductor Corporation (SMH) rose 1.4%.
SPDR S&P Metals and Mines ETF (XME (up 0.7%, ETF Global X for US Infrastructure Development) cradle) rose 0.9%. The US Global Gates Foundation (ETF aircraft) fell 0.7%. SPDR S&P Homebuilders ETF (XHB) rose 0.2%. SPDR Energy Dedicated Fund (SPDR ETF) XLE (up 0.6% and Financial Select SPDR ETF) XLF) showed 2%.
Stocks reflect more speculative stories, with the ARK Innovation ETF (see) rising 1.7% and the ARK Genomics (ARKG) ETF rising 1.2%. ARKK rebounded to a four-month low, while ARKG rebounded from its worst level since November last year.
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Actions to watch: Datadog, ServiceNow, Digital Turbine
Datadog’s share price rose 3.5% to 141.89, rebounding from its 10 consecutive weeks of upward momentum and regaining its 21-day upward momentum. In a better market, aggressive traders can use Tuesday’s trend as an opportunity to initiate or increase DDOG stock positions.
ServiceNow shares rose 2.5% to 633.42, rebounding from 50 days. This weekend, NOW’s stock is expected to be flat at 681.20 purchase points.
Digital Turbine stocks rose 6.1% to 73.56, rebounding from 200 days. APPS stock price fell with the broader market after rising continuously for 200 days in late September.
Stocks to watch: Capital One, Revolve, Dexcom, Amerco
COF shares rose 1.6% to 168.78. According to MarketSmith Analysis data, it is slightly below 171.60 cups with a buy point.
Revolve shares rose 5.5% to 65.77, making up for the 50 consecutive days of gains. RVLV inventory forms a cup holder with a handle, and the purchase points are 72.37. In a better market, aggressive traders may have bought the young adult clothing retailer when the downtrend broke on Tuesday.
Dexcom shares rose 2.65% to 540.39. Unlike many medical product companies, DXCM stock found support at the 50-day line and rebounded from that level on Tuesday. Monday’s lows appeared almost at the same time as the earlier short consolidation highs.
UHAL stock rose 1.5% to 662, working at 677.44 buying points. Amerco flat style and long style.
Stocks to watch: Google and Microsoft
Google shares rose 1.8% to 2272.46 points. This is still below the 50-day continuous record. Breaking the 50-day level may be an important test, especially since GOOGL stock is also willing to return to the 21-day antenna and break the short-term downtrend. Google has a fixed 2,925.17 points of purchase.
Microsoft stock showed a similar trend on the chart, rising 2% to 288.76 points on Tuesday. MSFT stock has a continuous record of less than 50 days and has 305.94 fixed base purchase points.
Regardless of their respective importance, if Google and Microsoft can resume their 50-day continuous rise and move towards a breakthrough, this will be a good signal to try to rebound the stock market.
Market analysis
After the massive sell-off in the market on Monday, the Nasdaq index appeared to be in oversold territory and took some action. Therefore, Tuesday’s rally shouldn’t be too surprising, although even if the 10-year US Treasury yield has risen by a few basis points, it’s not bad to see a rebound in technology stocks. Since Monday, the volume has declined, which is totally uninspired. Only one day. Friday’s low volume rebound produced some good price increases, but these were blown away on Monday.
Finally, the Dow Jones, S&P 500, and Nasdaq are all below the 21-day and 50-day consecutive records. When the index falls below these levels, this is not a good sign.
Tuesday was the first day that the Nasdaq and S&P 500 indexes re-attempted a rebound in the stock market. On Monday, both indexes lowered their recent lows.
But the Dow did not hit recent lows, so Tuesday is the third day of its upward attempt. The Dow Jones Index may be adjusted in the next trading day to confirm a new upward trend.
The follow-up day occurs a few days after the pooling attempt. This means that the trading volume is higher than the previous trading day’s strong rise in one or more major indexes, indicating that large institutions are supporting a new upward trend. This confirms the new market rebound. Not all confirmed rebounds have been successful, but this is a strong signal to enter the market.
Generally speaking, the S&P 500 and Nasdaq are the preferred follow-up days, but the Dow Jones FTD is effective. In addition, as the energy and financial sectors are currently at their best, the rebound led by the Dow Jones Index may be appropriate.
In addition to energy and finance, fertilizer stocks are also close to highs, travel stocks are picking up, and recruiters are performing well because many trucking stocks are hovering near the point of purchase.
At the same time, although some technologies such as DDOG stock have found support in their 50-day continuous rise, many other technologies have not. Nvidia (NVDA), Explosion (Explosion, explosion. Yes, Google’s stock faces a major test.
Time to market for the IBD ETF market strategy
What are you doing
Well, the stock market is trying to rebound, but this is the first day of a technological renaissance. Investors need not rush to return to the market. If this market rebound has real legs, investors will have many opportunities after a certain market rebound.
If you want to increase exposure, you can try eating a green banana or hard peach. If you are still interested in stocks, please keep small transactions and be prepared to exit quickly. You can also consider buying a large ETF instead of a single stock.
Now is the time to deal with these lists. Pay attention to stocks that are relatively strong, hold or retrace key support levels. Depending on how long it takes for the market to adjust, your list may change drastically.
I read the big picture every day to keep up with the trends of the market, stocks and leading industries.
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