Dow Jones Futures with S&P 500 Future and Nasdaq Futures will open on Sunday evening. The market rally continued to be profitable last week, illuminating the buying signals of many leading stocks.
The stock market has risen on the back of rising crude oil prices and rising treasury yields. I mean, so far. But do not be complacent. The relentless rise in treasury yields has made it difficult for the stock market to reduce indefinitely, especially growth names.
A moderate downturn would be healthy for key indices and leading stocks. Apple (APL) And especially Tesla shares can use the rest. A handle would be creative Nvidia (NVDA), Which has been racing heavily for the past two weeks. Marriott Worldwide (March) Has a handle, but can be used long base.
Regeneran Pharmaceuticals (Rain) Has created a greater handle by trading in the buying zone, offering a second chance or additional buying opportunity. JP Hunt Transport Services (JBHT) Pulled down a Buy pointBut it did find support at one point.
In the meantime, Xpeng (XPEV) Announces fourth quarter results early Monday. China EV competitor Neo (NIO), Announced mixed results late Thursday, with deliveries of its luxury EV sedan, ET7, also set to begin on Monday. This is part of a busy week for EV makers in China, with deliveries in March.
XPEV shares and Neo shares traded higher on Friday. This was due to neo results and guidance, but also reflected concerns that the revival for Chinese stocks generally listed in the US had been eliminated.
The video embedded in this article covers another important market week and analyzed MAR Stock, REGN Stock and IBD Shares. Carlisle (CSL)
Dow Jones Futures Today
Dow Jones Futures with S&P 500 Future and Nasdaq 100 Futures will open ET on Sunday at 6 p.m.
Stock market rally
The stock market rally last week showed moderately solid gains, making the biggest improvement of the previous week.
The Dow Jones Industrial Average rose 0.4% last week. Stock market trading. The S&P 500 index was up 1.8%. Nasdaq compound rose 2%. Small Cap Russell 2000 fell 0.5%.
10-year Treasury revenue rose 34 basis points last week to 2.49%, the highest since May 2019. It was 1.68% as on March 1. As fast as the 10-year yield has risen, so has the two-year treasury yield, which has grown even faster, narrowing the gap to just 20 basis points. The flat treasury yield curve, in some places reversed, reflects expectations that the Federal Reserve will sharply raise rates and slow economic growth.
U.S. crude oil futures rose nearly 12% to $ 113.90 a barrel last week.
In the middle The best ETFsInnovator IBD 50 ETF (FFTY) Rose 1.9% last week, while Innovator IBD Breakout Opportunities ETF (Boat) 3.5% higher. iShares Extended Technology-Software Industry ETF (IGVDecreased by 0.6%. WANEX Vectors Semiconductor EDF (SMH) Received 2.3%. Nvidia Stock is a major SMH holding.
Represents more speculative story stocks, ARK Innovation ETF (ARKK) Fell 1.9% last week and ARK Genomics ETF (ARKG) 2.8% of Tesla shares are the No. 1 holding of Ark Invest’s ETFs. Arc also holds some XPEV shares.
SPDR S&P Metals & Mining ETF (XME) Increased by 8.1% last week. Global X US Infrastructure Development ETF (Sidewalk) Received 1.7%. US Global Jets ETF (JETS) 1.1% higher, not worse than rising energy prices. SPDR S&P Homebuilders ETF (XHB) Fell 8.8% due to rising rates and weak housing reports. Energy Selection SPDR ETF (XLE6.6% rise and financial choice SPDR ETF (XLF) Advanced 1.3%. Health Care Selected Sector SPDR Funding (XLVDecreased by 0.5%.
Apple shares rose 6.55% to 174.72 last week, recovering the 50-day line and clearing the downward trendy early entry. The stock closes at 176.75 Double base Buy point. But AAPL shares have risen nine consecutive sessions. Ideally, stocks should be suspended for at least a few days, or even make a handle to reduce the risk of a withdrawal after a breakout.
The Relative strength tax The record high is reflected in the strong performance of Apple stocks against the S&P 500 index. The RS line is the blue line in the charts provided.
Tesla shares rose 11.6% to 1,010.64 in the previous week, up 13.8% from the previous week. Official Purchase Point 1,208.10, according to MarketSmith analysisProvides slightly less than 1,150 entry with a shallow trend.
The stock lost a fraction on Friday, but after eight consecutive sessions. Ideally, the TSLA stock will take a breather, creating a decent handle deeper File Basic And catch moving averages. The 50 day tax is still in decline.
Tesla stock is much better than other stocks with a three-digit price-return ratio. But the treasury is still seeing an increase in yields.
This is another quarter record in record deliveries for the Tesla Q1, perhaps as early as Friday, April 1st.
Nvidia shares were up 4.7% at 276.92 in the most recent week, leading to a semiconductor rebound after rising nearly 20% in the previous week. On Thursday, the stock removed short-term resistance levels and provided aggressive add-on entry. Only in the middle of the right side of the deep integration with the 346.57 buy point can NVDA stock use a handle. Nvidia shares need to rise a little more to create the right handle, with the midpoint just above the middle of the base.
Marriott stock was up 0.2% at 171.52 this week. Shares traded lower at 173.54 on Friday. After breaking with several travel stocks in early February, MAR shares sold hard in the Russia-Ukraine war. It is rearranged in V-shaped integration. The buy point of 173.54 is just above the “handle”, which is not right because it still needs a week to build the right platform for integration. The entry is close to the previous purchase point, which is no longer valid, but still noticeable.
After strong gains in the previous two weeks, REGN shares fell 0.8% to 680.03 last week. Flat foundation. Regeneron stock is still above the buying point of 673.96, which now looks safe after the recent suspension. REGN stock has already destroyed early records near 636 and 645.
JP Hunt shares fell 2.7% to 209.19, moving down several sessions after the March 6 breakout. The retreat was relatively modest, not surprising given the rising energy prices over the past several days. But JBHT shares fell below the 208.97 flat-base buying point last weekend, but moved back to the buying zone on Friday from its 21-day chart. Investors can buy the trucking company here or wait until the JBHT stock breaks the short fall by gaining an intraday high of 213.29 on Thursday.
Market Rally Analysis
The stock market had a good week as the Nasdaq rose solidly and the S&P 500 regained its 200-day mark. The Dow Jones is ending its 200-day lineup. Russell 2000 normally fell.
It is interesting to note that despite the treasury yields being high at that time, the Nasdaq in particular has been able to mobilize very strongly over the past two weeks. If bond yields continue to rise at such a rapid pace, it is difficult to believe that growth stocks will continue to improve. But it could have been said a week ago.
However, key indices sometimes reduce rising interest rates until they do.
Nasdaq’s strength over the past week has reflected sharp gains in megacopes such as Apple, Tesla, Nvidia and Google Parent. letters (Google) Last week’s ARKK retreat, although relatively moderate, suggests that rising Treasury yields will begin to affect higher-value growth stocks.
One concern is that if these megacopes lose ground, growth stocks, especially ARKK-type stocks, will sell out.
However, a moderate market downturn could help Tesla stock, Nvidia, Apple and many other farm handles and capture their moving averages. This will also reduce the risk of a very sharp market collapse.
On the other hand, JBHT stock can use some market strength or lower energy prices.
Energy and commodity stocks continue to be strong. Some are in or near such buy zones Marathon Petroleum (MBC), Social (CIVI), Shell (Shell) And BHP (BHP), But many have been stretched or lagged behind in their fields in recent months.
What to do now
Taking advantage of new buying opportunities, investors should have added their exposure in the last week. But investors will wait and see if the market retreats and creates new set-ups.
Focus on stocks that handle handles and other buying points and work on those watchlists.
If the market boom is high, you will be in a position to jump at breakouts and early entrances. If the key codes fall further, break their 50-day line and your exposure will not be as high.
According to The big picture Every day the market direction and leading stocks and sectors must be in sync.
Follow Ed Carson on Twitter @IBD_ECarson For stock market updates and more.
You may also like: