Dow Jones Futures: The vote maturing on the stimulus package after the stock market rallied away from lows, and Tesla sank into the debut of the S&P 500; Apples, Peloton rising late

Dow Jones futures were little changed late Monday, along with S&P 500 and Nasdaq futures, as the House and Senate prepare to vote on the stimulus package overnight. The stock market rally made a bullish rebound from morning losses, and closed narrowly mixed.


After the lockdown, the exercise leader is at home Peloton (PTONShe said she would buy sports equipment maker Precor for $ 400 million. This will help Peloton increase the production of its courses and mills, which have a long backlog of orders. Peloton shares jumped nearly 9% overnight. PTON shares rose 3.25% to 144.39 on Monday, setting a new high and surpassing 139.85. Point purchase. This is part of a six-session session, turning on 23% of the 50-day streak of Peloton stock.

The stock market rally was sold off to start the week on fears of a new Covid boom in the UK that is said to be more contagious. But late in the morning the major indices rebounded. Dow Jones Index, S&P 500, Apple Stock, Advanced Micro Devices (AMD), New (NIO), Lam research (LRCX), Uber technologies (Uber) And the Snowflake (snow) They all found support in 21-Day Exponential Moving Averages.

Tesla (TSLA), Meanwhile, it sold on its debut in the S&P 500. But this comes after a surprise last-minute rally on Friday as index funds bought Tesla shares. On a larger scale, TSLA stock exploded, gaining 70%, on news that it joined the benchmark index.

Tesla stock closed near session lows – and an Apple (AAPLAt the highest levels of the session – in a Reuters report released in the late afternoon that Apple plans to start building electric self-driving cars as early as 2024, with a battery design that could “drastically” cut costs and expand the range of electric vehicles. Doug Field, a former TSLA employee, heads the company, Project Titan.

Apple is a rare company that has a better brand image than Tesla, while also boasting an excellent reputation for quality. While the road to 2024 is a long way off, the current Tesla inventory assessment assumes booming sales and a critical battery edge for at least the next decade.

For Apple, the report helps Megacap ride the wave of EV stocks. Apple stock advanced 2% in extended trade, indicating a move above last week’s high.

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at the same time, Exact Sciences (EXAS) I got out of prof Cup base with handle Monday after flashing buy signals late last week. Nike (FromScan a Three tight weeks After running past earnings views late Friday. C. B. Morgan Chase (JPM) And other major banks, as the Federal Reserve gave the green light to new share buybacks. Genome companies such as CRISPR treatments (CRSP) It went higher.

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Apple, Tesla, AMD and Nike stocks are all in action IBD Leaderboard. Uber Stock, Exact Sciences, and Lam Research are in operation SwingTrader. AMD stock and LRCX shares on IBD 50.

Vote for the stimulus package

Congressional leaders finally approved the stimulus package on Sunday. The House and Senate are due to vote late Monday or Tuesday night on the $ 900 billion relief package, and President Donald Trump is expected to sign it almost immediately. The stimulus package includes $ 300 in additional weekly unemployment benefits, $ 600 direct checks for all adult Americans, small business loan financing, aid for airlines, green energy extensions and more. The stimulus package should help the economy, small businesses, and families hold up in the next few months until coronavirus vaccines reach the bulk of the population, allowing a full recovery.

Dow Jones futures today

Dow Jones futures were down 0.15% against fair value. S&P 500 futures are lower. Nasdaq 100 futures are up 0.1%. Apple stock is a member of Dow Jones, the S&P 500, and the Nasdaq. Peloton stock recently joined the Nasdaq 100 index.

Remember to work on overnight Dow Jones Futures And anywhere else it does not necessarily translate into actual circulation in the next normal cycle Stock market session.

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Coronavirus mutation

The UK has identified the Covid strain that appears to be highly contagious. This coronavirus mutation is believed to be leading to an increase in Covid cases in the London area. The UK government imposed a complete lockdown on the southeast of England. More than 40 countries have halted travel to and from the UK, but the Covid mutation has likely already spread widely. A British government spokesman said the mutated coronavirus strain had been found in Gibraltar, Denmark and Australia.

Coronavirus cases

The number of Coronavirus cases worldwide has reached 77.68 million. Covid-19 deaths exceed 1.7 million.

The number of Coronavirus cases in the United States has reached 18.45 million, with the number of deaths exceeding 326,000.

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Coronavirus vaccine news

President-elect Joe Biden received his first dose of the Pfizer vaccine for the Coronavirus. Meanwhile, it also started Moderna’s first vaccine on Monday, one week later Pfizer (PFEImmunizations begin in the US The European Medicines Agency approved a Pfizer vaccine for Europe on Monday and will be doing a review modern (MRNA) A vaccine in early January.

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The stock market rises

An overview of the US stock market today

index Code price Profit / loss % They change
Dow Jones (0DJIA) 30215.99 +36.94 +0.12
Standard & Poor’s 500 (0S & P5) 3694.94 -14.47 -0.39
Nasdaq (0NDQC ) 12742.52 -13.12 -0.10
Russell 2000 (etc.) 195.19 -0.15 -0.08
IBD 50 (fifty) 41.74 -0.02 -0.05
Last update: 4:08 PM ET 12/21/2020

The stock market rally began on Monday with losses, as investors feared a new Covid boom, lockdowns and related travel bans. But stocks rebounded from their intraday lows to close mixed.

The Dow Jones Industrial Average rose 0.1% on Monday Stock market trading, Powered by Nike, JPMorgan, and Goldman Sachs (P). The S&P 500 is down 0.4%. The Nasdaq Composite is down 0.1%. The Nasdaq recovered from its 10-day streak on Monday, but the large Nasdaq 100 index bounced off above the 21-day moving average.

The S&P 500 lost slightly more floor than the Dow or the Nasdaq due to its exposure to travel and energy stocks. But the biggest loser in the S&P 500 was its newest member. Tesla stock, the sixth largest component of the S&P 500, is down 6.5%. The electric vehicle leader has been on a mammoth run in 2020, with a lot of gains from the S&P 500 announcement. Where does TSLA stock go now that news of TSLA’s big shares – 5-for-1 split and S&P 500 listing – is finally in the rearview mirror ?

between the The best ETFs, The Innovator IBD 50 ETF (fifty(Down 0.1%, while the Innovator IBD Breakout Opportunities Fund fell)fitIt rose 0.1%. IShares Technology and Software Extended Fund (ETF)IGVDecreased by 0.1%. (VanEck Vectors Semiconductor Foundation)SMH) Fell 0.5%, but bounced off the 21-day moving average on the day, like AMD and LRCX stocks.

21-day moving average

The 21-day moving average is a good place for growth stocks and indices to find support during a stock market rally. During the stock market rally from April to September, the Nasdaq index maintained its 21-day moving average during its steep rally, with only a few tests. It’s a nice compromise between the short-term 10-day streak and the longer 50-day streak. IBD uses a 21-day exponential moving average because it embraces a bit more: the latest price move carries a higher weighting than the simple moving average.

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On Monday, Apple shares fell as much as 2.5%, touching the 21-day streak, but up 1.2%. AMD stock lost 2.8% but is down 5% on the day, reducing its 21-day price. Nio stock slipped back to the 21-day streak, then bounced back, gaining 4.8%. Snowflake stock stopped further away from this major line, and rebounded 4.7%.

LRCX stock, which had been falling constructively over the course of nearly two weeks, tested the 21-day streak before bouncing to a 0.5% advance. Uber stock, which has been finding support at the 21-day line for a few days, fell 3.6% for the day but closed up 2.35%.

Investors can use the 21-day moving average as a line in the sand, holding the growth stock until they close below the 21-day moving average, at which point they may take full or partial profits.

The 21 day streak can be a place to start or add a few stocks, either as swing trading or trading, as is the case with LRCX, Uber or Nio. But buying at the 21 day streak is far more aggressive than using pullbacks to the 50 days / 10 weeks line.

Stock market rise analysis

So far in the stock market rally after the election, major indices have respected the 21-day streak. This is a sign of strength. Some of the Nasdaq sideways actions over several days may allow major averages to catch up, providing more space for stocks to run without high risk of a pullback.

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