Dow Jones index futures fell slightly on Tuesday night, S&P 500 and Nasdaq index futures, Palantir.Skill (PLTR) Be late due to an important contract signed with the military. The major stock indexes rebounded on Tuesday after a massive sell-off on Monday. However, this tentative stock market rebound has yet to be confirmed as an upward trend.
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Google stocks, Microsoft (Microsoft), Data dog (dog), Serve immediately (Currently), Digital turbine (application), Capital One (memory), Dekang (DXCM), Spin (RVLV) and the father of UHaul America (UHAL) is one of the actions worthy of attention. Usually, they will keep or restore a continuous record for 50 days.However, APPS stock is recovering from the 200-day consecutive rise, and major Google is playing a role Alphabet (Google) and Microsoft stocks have returned to their 50-day sequence. But all these relative intensity lines are approaching or approaching height.
Google, Microsoft, and ServiceNow share the IBD ranking work, and DDOG stock is on the ranking watch list. Google, Microsoft and NOW are also long-term leaders of IBD. DXCM and Datadog stocks have enabled defect 50. UHAL stock is today and Tuesday IBD stock.
The video included in this article discusses market movements on Tuesday and analyzes the movements of Datadog, Microsoft, and DXCM.
Blantyre Army Contract
At the same time, Palantir announced that it had signed a $823 million contract with the US Army.
The company said in a press release: “Palantir will deploy the Palantir Gotham platform to support global Army intelligence users through a globally unified data and analysis framework that includes multiple security classifications.”
PLTR shares rose 14% in extensive 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 work overnight in the Dow Jones futures contract and other places, these places will not necessarily translate into actual liquidity during the next regular stock market session.
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Trying to rise in the stock market
The stock market rose steadily, although the major indexes ended their rebound to a certain extent, but the trading volume was sluggish.
At the same time, the Dow Jones Industrial Average rose 0.9% in stock market trading on Tuesday. The S&P 500 index is above 1%. The Nasdaq Composite Index rose 1.25%. Russell 2000 small-cap stocks rose 0.35%, slightly higher than the 200-day gain and slightly lower than the 50-day gain.
Crude oil prices continue to rise. The 10-year U.S. Treasury bond yield rose by 5 basis points to 1.53%.
Among the best ETFs, the Innovator IBD 50 ETF (Fifty) rose 1.5%, while the Innovator IBD Breakout Opportunities ETF (adjusted) rose 1.2%. iShares Expanded Technology and Software Fund (ETF) IGV rose 1.7%, MSFT is the main component, and ServiceNow is a noteworthy asset. VanEck Vectors Semiconductor Corporation (SMH) rose 1.4%.
SPDR S&P Metals & Mining ETF (XME (up to 0.7%, the cradle of Global X US Infrastructure Development ETF)) is 0.9%. The US Global Gates Foundation (ETF aircraft) fell 0.7%. SPDR S&P Homebuilders ETF (XHB) rose 0.2%. SPDR Energy Specific Fund (SPDR ETF) XLE (Up to 0.6% and the Financial selection ETF SPDR) XLF) appears at 2%.
Stocks reflect more speculative stories, with ARK Innovation ETF (you see) up 1.7% and ARK Genomics ETF (ARKG) up 1.2%. ARKK rebounded from a four-month low, while ARKG rebounded from its lowest level since November last year.
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Actions to watch: Datadog, ServiceNow, Digital Turbine
Datadog shares rose 3.5% to 141.89, rebounding from the 10 consecutive weeks and 21 consecutive days of rebound. In a better market, hawkish 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. By the end of this week, NOW stock should include a flat base with a buy point of 681.20.
Digital turbine inventory increased by 6.1% to 73.56, a rebound from 200 days. APPS stock price fell with the broader market after rising for 200 consecutive days in late September.
Actions to watch: Capital One, Revolve, Dexcom, Amerco
COF shares rose 1.6% to 168.78. According to MarketSmith Analysis data, the purchase points with handles are less than 171.60 cups.
Revolve shares rose 5.5% to 65.77 points, resuming 50 consecutive days of gains. The RVLV stock forms a cup bottom with a handle, and the purchase points are 72.37. In a better market, aggressive traders may shop at the young adult clothing retailer when the decline gets out of control on Tuesday.
Dexcom shares rose 2.65% to 540.39. Unlike many medical product companies, DXCM’s stock price found support at the 50-day line and rebounded from that level on Tuesday. Monday’s low almost coincided with the top of the previous brief consolidation.
UHAL shares rose 1.5% to 662, with a buy point of 677.44. Amerco is on a flat bottom with a longer fit next to it.
Actions 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 a major test, especially because 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 shares showed similar stocks on the chart, which rose 2% to 288.76 points on Tuesday. MSFT stock price is less than 50 days of continuous rise, and there are 305.94 fixed base buy points.
Regardless of their respective importance, if Google and Microsoft can resume their 50-day continuous rise and move towards a breakthrough, then an attempt to rebound the stock market will be a healthy sign.
Market analysis
After the massive sell-off in the market on Monday, the Nasdaq index appeared to be in oversold territory and some actions were taken. Therefore, Tuesday’s rise shouldn’t be too surprising, even though it’s a good thing to see technology stocks rise, even if the 10-year U.S. Treasury yield has risen by a few basis points. The volume has fallen from Monday, which is not encouraging at all. This is just one day. Friday’s low volume rebound brought some good price increases, but they were erased on Monday.
Finally, the Dow Jones, S&P 500 and Nasdaq are all below the 21-day and 50-day series. 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 re-attempted the stock market rebound, and both fell back to recent lows on Monday.
However, the Dow Jones Index has not suffered any casualties recently, so Tuesday is the third day of its recovery attempt. The Dow Jones Index may adjust subsequent trading days in the next trading day to confirm a new upward trend.
The following day occurred a few days after the bundling 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 recovery. 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 performing the best, the rebound led by the Dow Jones Index may be appropriate.
In addition to energy and finance, fertilizer inventories are nearing their peaks, travel games are recovering, recruiters are performing well, and large truck inventories are hovering near the point of purchase.
At the same time, although some technologies such as the DDOG operation have been supported in its 50-day sequence, many others have not yet. Nvidia (NVDA), Explosion (Explosion, explosion, yes, Google’s actions face a major test.
Time to market for the IBD ETF market strategy
What are you doing
Well, an attempt to rebound in the stock market is underway, but this is the beginning of a technological renaissance. Investors do not need to try to return to the market. And if this market rebound has real legs, investors will have many opportunities after a certain market rebound.
If you want to increase your exposure, try eating a green banana or a 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 wide range of ETFs instead of individual stocks.
Now is the time to deal with these watch lists. Pay attention to relatively strong stocks while maintaining or restoring key support levels. Depending on how long it takes for the market to adjust, your watch list may change dramatically.
I read The Big Picture every day to keep up with market trends, stocks and leading industries.
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