Dow Jones Futures: Still A Tricky Market, But ASML, Google Flash Buys; Bitcoin Dives On Latest Musk Tweets
Posted Date: May 17 2021
Dow Jones futures fell modestly Monday morning, along with S&P 500 futures and Nasdaq futures. The Bitcoin price plunged over the weekend, with Tesla CEO Elon Musk continuing his recent run of Bitcoin-critical tweets.
The stock market rally suffered losses last week, with breakouts and key sectors struggling, though the major indexes bounced on Thursday and Friday.
ASML (ASML), Google parent Alphabet (GOOGL), Maravai LifeSciences (MRVI), Goldman Sachs (GS) and Nutrien (NTR) held up well. All five stocks are in buy zones or flashing early entries. But they also boast relative strength lines at or near record highs.
The RS line, which tracks a stock's performance vs. the S&P 500 index, is a great way to spot the true leaders in any environment, including the current choppy market rally.
The RS line, which tracks a stock's performance vs. the S&P 500 index, is a great way to spot the true leaders in any environment, including the current choppy market rally.
Meanwhile, investors don't need the RS line to spot Tesla (TSLA) as a laggard. Still, it's helpful to know that while Tesla stock hasn't quite hit a fresh 2021 low, its RS line has.
Google stock and ASML are on IBD Leaderboard. ASML and Goldman Sachs stock are on SwingTrader. ASML stock also is on the IBD 50 list. MRVI stock was Friday's IBD Stock Of The Day
The stock market rally suffered losses last week, with breakouts and key sectors struggling, though the major indexes bounced on Thursday and Friday.
ASML (ASML), Google parent Alphabet (GOOGL), Maravai LifeSciences (MRVI), Goldman Sachs (GS) and Nutrien (NTR) held up well. All five stocks are in buy zones or flashing early entries. But they also boast relative strength lines at or near record highs.
The RS line, which tracks a stock's performance vs. the S&P 500 index, is a great way to spot the true leaders in any environment, including the current choppy market rally.
The RS line, which tracks a stock's performance vs. the S&P 500 index, is a great way to spot the true leaders in any environment, including the current choppy market rally.
Meanwhile, investors don't need the RS line to spot Tesla (TSLA) as a laggard. Still, it's helpful to know that while Tesla stock hasn't quite hit a fresh 2021 low, its RS line has.
Google stock and ASML are on IBD Leaderboard. ASML and Goldman Sachs stock are on SwingTrader. ASML stock also is on the IBD 50 list. MRVI stock was Friday's IBD Stock Of The Day
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