Dow Jones futures rose modestly Monday morning, along with S&P 500 futures and Nasdaq futures. Bitcoin tumbled Sunday morning but bounced back by early Monday.
The stock market rally ended up with slim weekly gains or losses on the major indexes, but that belies the big daily and intraday swings and continued sector rotation.
Five Stocks To WatchHere are five stocks to watch to help get a read on the market rally: Nvidia stock, Google parent
Alphabet (
GOOGL),
Freeport-McMoRan (
FCX), recent IPO
Roblox (
RBLX), and
Tesla (
TSLA).
Nvidia (
NVDA) arguably is actionable now, breaking a downtrend Friday and in range from its 50-day line. However, Nvidia earnings are on tap Wednesday. That earnings report and NVDA stock's reaction will be important for the broader semiconductor sector. Several chip stocks are on the edge of early entries, including equipment makers
ASML (
ASML) and
Lam Research (
LRCX).
Google stock is perhaps the best-looking big-cap tech right now. The megacap is in range from its 10-week line and breaking a
short trend line. The relative strength line for GOOGL stock is near a record high as well.
Facebook (
FB) also is looking healthy.
What do you think? Please email us any questions or comments.
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.