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Dow Jones Futures: Resist This Urge Amid Choppy Market Rally; Nvidia, DocuSign, Robinhood Are Near Buy Points

Posted Date: August 16 2021 | Reading Time: 2 minutes
Dow Jones futures fell modestly Monday morning, along with S&P 500 futures and Nasdaq futures, amid weaker-than-expected Chinese economic data. Nvidia (NVDA), Walt Disney (DIS), DocuSign (DOCU), Robinhood (HOOD) and Under Armour (UAA) are worth watching in the coming days.

The stock market rally was mixed last week, with small caps and high-value growth retreating overall. But the Dow Jones and S&P 500 hit record highs. Not only did steel, materials, financials, discount retail and housing-related stocks have a strong week, but Apple (AAPL), Microsoft (MSFT), Tesla (TSLA) and Google parent Alphabet (GOOGL) all had nice gains. Apple stock and Tesla flashed buy signals late last week.
But after a flurry of real economy breakouts early in the week, the number of actionable stocks faded late in the week. Nvidia, Disney, DocuSign, Under Armour and HOOD stock could offer buying opportunities in the coming days, with DOCU stock technically in buy range now. But investors need to be able to resist the temptation to buy a stock just to be active.
Apple, Microsoft and Tesla stock are all on IBD Leaderboard, as well as Nvidia and DOCU stock. Apple stock and Tesla are also on SwingTrader. Microsoft stock and Google are on IBD Long-Term Leaders. DocuSign and Google stock are on the IBD 50.
The video embedded in this article analyzes Nvidia stock, Disney and Unity Software (U), another Leaderboard member.

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Disclaimer: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. It is for educational purposes only.For more information, see our Legal disclosures here.

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