Dow Jones futures rise as Bitcoin surpasses $ 22,000

Dow Jones futures rallied before Monday’s opening bell, looking to kick off the week with the most earnings. Bitcoin’s price soared on Monday, surpassing $ 22,000 for the first time since August 19.


Leader of electric vehicles Tesla (TSLA) was up 0.5% on Monday. Among the industrialists of the Dow Jones, the titans of technology Apple (AAPL) And Microsoft (MSFT) were both higher before today’s stock market opened.

In the current market volatility, Arista networks (A NETWORK), DoubleVerify (DV), Pure conservation (PSTG) And Brands of restaurants (QSR) – as well as Dow Jones shares Chevron (CVX) – are among the best titles to buy and keep an eye on. Keep in mind that increased market volatility is a good reason investors need to be more defensive, although last week’s gains were constructive.

DoubleVerify is new IBD ranking stock, while Pure Storage is an IBD SwingTrader stock. Apple stock and restaurant brands were featured in last week’s Stocks Near A Buy Zone column.

Dow Jones Today: Treasury Yields, Oil Prices, Bitcoin

Before the opening bell on Monday, Dow Jones futures rose 0.4% above fair value, while S&P 500 futures gained 0.6%. Nasdaq 100 futures are trading up 0.7% in morning trading. Remember that overnight action in Dow Jones futures and elsewhere does not necessarily translate into actual trading in the next regular session of the stock market.

Among the exchange-traded funds, the Nasdaq 100 Invesco QQQ Trust tracker (QQQ) was up 0.7% and the SPDR S&P 500 ETF (TO SPY) gained 0.6% in early trading.

The 10-year Treasury yield fell lower to 3.28% early Monday. Last week, the 10-year Treasury yield reached its highest closing level since June 15.

US oil prices appeared to be picking up last week’s gains, climbing nearly 1% on Monday morning. West Texas Intermediate futures traded above $ 87 a barrel.

READ ALSO :   Bank buys bitcoin in Kazakhstan, country to develop cryptocurrency exchange - Finance Bitcoin News

The price of Bitcoin has risen by more than 3% in the past 24 hours, according to CoinDesk. Bitcoin traded around $ 22,400 in morning trading.

Get free access to IBD MarketSmith for one week

Stock market rally under pressure

On Friday, the Dow Jones Industrial Average was up 1.2%, while the S&P 500 closed up 1.5%. The Nasdaq composite was up 2.1%.

The Big Picture column on Friday commented: “The bullish session may have been enough to resume the bullish trend, but the volume was meager behind the Nasdaq’s three-game streak and the day-to-day count remains high for the Nasdaq and the S&P 500. This is even after the September 6 distribution day was canceled due to a 5% increase over the close of that day. “

The best way to find emerging equity market leadership is to use its line of force. The RS line measures the price movement of a stock against the S&P 500. If the stock is outperforming the broader market, the RS line is sloping upwards. If a stock is lagging behind the general market, the line will point lower.

The RS line is plotted on all IBD and MarketSmith charts. Furthermore, the IBD Stock Screener includes a list of top rated stocks with strength lines relative to new highs. MarketSmith also has the “RS Blue Line Dot” list, which selects RS lines to new highs. (from Monday, IBD MarketSmith provides free access for a full week.)

If you’re new to IBD, consider checking out its stock trading system and CAN SLIM basics. Recognizing graphic patterns is a key to investment guidelines. IBD offers a wide variety of growth stock lists, such as Classification And Swing Trader.

Investors can also create watchlists, find businesses near a point of purchase, or develop custom screens on IBD MarketSmith.

READ ALSO :   MEXC Launches $ 20 Million Ecosystem Fund In Strategic Partnership To Support Bitcoin Rollups Through Syscoin's Rollux OPv1

Five Dow Jones titles to watch now

Dow Jones Stocks To Watch: Chevron

Dow Jones Chevron stock was up 2.6% on Friday, continuing to bounce off support on the key 50-day line. The stock added a handle to a cup base, moving the corrected buy point to 166.93 – according to analysis by the IBD MarketSmith chart – amid strong performance from energy stocks so far this year. The stock turned 0.5% early Monday.

CVX action shows a strong 97 out of a perfect 99 IBD Composite Rating, for the IBD inventory control. Investors can use the IBD Composite Rating to easily assess the quality of a stock’s fundamental and technical metrics.

4 best growing stocks to buy and watch the curverent Stock market rally

Best titles to watch: Arista, Costco, DoubleVerify, restaurant brands

According to the analysis of the IBD MarketSmith chart, Arista Networks added a handle to a double-bottom base, placing the correct entry at 132.97. Arista’s relative strength line is close to highs, as the stock has resumed its 200 and 21-day lines. Shares of ANET were up 0.3% early Monday.

IBD Leaderboard DoubleVerify stock is surpassing a buy point of 28.07 on a low basis. The stocks are in the 5% buying zone rising to 29.47, even though it is extending from the moving averages. DV shares gained 0.5% on Monday morning. The company specializes in platforms to help advertisers gain a better insight into the effectiveness of ad spend and campaigns.

IBD SwingTrader Pure Storage shares are approaching a buy point of 31.62 in a cup with handle. Meanwhile, an early entry is also at stake after the stock has moved above a downtrend line within that handle. Shares were up 0.5% on Monday.

Restaurant Brands was up 0.5% on Friday, finishing just below a cup with the handle’s 61.19 buy point. Restaurant Brands franchises and operates 29,000 Burger King and Tim Hortons restaurants worldwide. He is planning a major upgrade of the Burger King locations. The stock rose slightly at the beginning of Monday.

READ ALSO :   Bitcoin maximalist Poilievre becomes leader of the Canadian Conservative Party; USDT integrated with the NEAR protocol

Join the IBD experts as they analyze the leading stocks in the current stock market rally on IBD Live

Tesla shares

Tesla stock was up 3.6% on Friday, extending a winning streak to four sessions and continuing its bounce off the 50-day line. Shares in the electric vehicle giant were up another 0.5% on Monday morning.

Tesla stock has found resistance at the 200-day line in recent months, but is now back above that level. The stocks remain around 28% of their 52-week high.

Leader of the Dow Jones: Apple, Microsoft

Among Dow Jones stock, Apple stock was up 1.9% on Friday, ending the week just below the 50-day line. The stock is around 11% away from a buy point at 176.25 on a mug with a handle. Shares gained 1.2% on Monday, signaling a return above the 50-day line but slightly below the 200-day mark.

Microsoft was up 2.3% on Friday, up for a third consecutive day. The software giant remains well below its 50 and 200 day lines. Stocks are around 24% lower than their 52-week high. The stock was up 0.3% early Monday.

Be sure to follow Scott Lehtonen on Twitter at @IBD_SLehtonen for more information on growing stocks and the Dow Jones Industrial Average.


The best growing stocks to buy and keep an eye on

Find out how to time the market with IBD’s ETF market strategy

Find the best long-term investments with IBD long-term leaders

MarketSmith: Research, charts, data and coaching all in one place

How to Research Growth Stocks: Because this IBD tool makes it easy to find the best stocks

Tinggalkan komentar