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Dow Jones Futures Fall: Don't Sleep On Sector Shifts In Market Rally; Adobe Extends Breakout, Amazon, Google Near Buys

June 18 2021
Dow Jones futures and S&P 500 futures fell modestly Friday morning, while Nasdaq futures were little changed. The stock market rally was deeply divided Thursday, with techs running higher while many real economy sectors suffered significant damage.
Adobe (ADBE) earnings overnight provided a positive read on software as that broad sector heats up. ADBE stock rose before the open.
Adobe is one of five big techs trading just above or below buy points, along with Microsoft stock, (AMZN), Google parent Alphabet (GOOGL) and PayPal (PYPL).
Microsoft (MSFT) is nearing a buy point as the MSFT stock chart quickly improves. So is Amazon. Both are trying to catch up to Google stock, which nudged back into a buy zone Thursday.
With these tech titans improving and software heating up, the big-cap Nasdaq 100 hit a record high Thursday. The big-cap Nasdaq 100 includes Amazon stock, Google, Microsoft and Adobe as well as a somewhat-improving Apple (AAPL). Nvidia (NVDA), Advanced Micro Devices (AMD), DocuSign (DOCU), Atlassian (TEAM) and PYPL stock were among the many notable Nasdaq 100 winners Thursday.

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