Market rally advances with ASML, equity segments are in long areas; Tesla, New, and Rocco Story Time Over | Daily Business Investor

Dow futures contracts will open Sunday evening, along with S&P 500 futures and Nasdaq futures. The splitting stock market rally had a busy week, but it ended a strong performance.

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It’s still a challenging environment, with enough positive actions to entice investors but volatile enough to drive them away. However, with the strengthening of the broader stock market rally late last week, with many good names emerging or flashing bullish signals from a variety of sectors.

The chip equipment set is one of the most popular at the moment, with ASML (ASML), Lam research (LRCX), Integris (ENTG), KLA Corp. (KLAC) And the MKS Tools (MKSI) Can now be implemented. The powerful group actually got a big boost last week when Intel Corporation (INTCAnnounced that it would spend $ 20 billion on two new chip manufacturers in Arizona. Intel shares jumped to a 20-year high, dropping the 10-week streak before recovering to make modest gains.

The biggest unknown is the rise in the stock market. If it continues to rally, ASML stocks and other chip plays have a good chance of operating. But if the stock market resumes choppy work or continued selling, expect harder times. This is why it is so important to be at a healthy and sustainable rise in the market. Stocks looked better late in the week, but is that another fake header. Meanwhile, the Nasdaq continues to live below key levels.

There is still one area in the market that is subject to intensive care: speculative or value-rich growth stocks.

Inventory includes electric vehicles such as Tesla (TSLA), New (NIO), Xpeng (XPEV) And the Lee Otto (In the). But it also includes Tilladoc Health (TDOC), Year (Public), Baidu (Start), Palantir Technologies (PLTR) And many more. From Tesla stock down, these stocks are much lower than the 50 day lines. Roku, Baidu, and Palantir shares are trading at their lowest levels in 2021.

ASML and Entegris are at Defect 50. LRCX and KLAC on Big Cap 20.

Dow Jones futures today

Dow Jones futures will open at 6 PM ET on Sunday, along with the S&P 500 and Nasdaq 100 futures.

Remember to work on overnight Dow Jones Futures And anywhere else it does not necessarily translate into actual circulation in the following system Stock market Period.

Join IBD experts as they analyze actionable stocks up the stock market on IBD Live.

Coronavirus news

The number of coronavirus cases around the world has reached 126.98 million. The death toll from Covid-19 has surpassed 2.78 million.

The number of coronavirus cases in the United States has reached 30.85 million, with the number of deaths exceeding 561,000. On Friday, the United States added more than 76,000 new cases of Covid, the most in a single month. Loosening the restrictions on Covid and the different strains may lead to an increase in cases, but coronavirus vaccines work quickly, which will likely prevent another large wave of infections.

The stock market rallied last week

The stock market rally eased for most of the week but stabilized during the Thursday session. The last hour craze on Friday had a positive effect on the week.

The Dow Jones Industrial Average rose 1.4% in the past week Stock market trading. The S&P 500 rose 1.6%. Basically every game wins on Friday. The Nasdaq Composite is down 0.6% after dropping sharply to its lowest level on Thursday. The Russell 2000 sank 2.8%, but managed to finish above the 50-day streak.

between the The best ETFs, The Innovator IBD 50 ETF (fifty(Down 6.4% last week, while the IBD Breakout Opportunities ETF)fitDown 4.9%, even with weekend gains. IShares Technology and Software Expanded Fund (ETF)IGVIncreased 0.5% thanks to Friday’s gain of 2.1%. (VanEck Vectors Semiconductor Foundation)SMHUp 3.4%, thanks to Friday’s 5% gain. Intel, KLA, ASML, and LRCX stocks are SMH’s notable holdings

SPDR S&P Metals & Mining ETF (XMEIt rose 0.15% but recovered from heavy losses, capping a 6.35% gain on Friday.

Stocks reflect more speculative stories, ARK Innovation ETF (Ark) And the ARK Genomics ETF (ARKGBoth fell 6.9% last week, taking partial losses on Friday. Tesla stock is the highest stake in ARK Invest’s ETF. Teladoc, Baidu, and Roku stocks are also ARK holdings, which also own PLTR and Zoom stocks.

The stock of chip equipment is in the purchasing areas

ASML stock rose 7.1% on Friday to 625.67, capping a weekly gain of 14%. This is in the range of 608.81 Point purchase From a consolidation that was less than a day Cup base. However, ASML is 10.7% above the ten-week streak, so it was extended by some metrics. But after the opening of Monday, as the new week begins, the ten-week streak will be somewhat higher. So the ASML stock will be in the buying range, although investors may wait to see if the stocks pull back. The Relative strength line It is on a new level.

LRCX stock jumped 6.6% on Friday to 584.23, bouncing up from the 50-day and 10-week lines. Lam Research stock is now executable, with 603.70 as an official buy point.

Entegris stock jumped just over 6% to 110.03. This broke the trend line and opened the entry level to 108.92. ENTG stock entered again at 110.47 in what could be taken as a Double bottom base. The official buy point is 114.10.

KLAC stock rose 6.9% on Friday and 9.2% for the week to 319.94, bouncing up from the 50-day streak like LRCX stock. The official entry for the KLA stock is 342.31.

MKSI stock rose 7% to 183.11, and is back above 117.46 double-bottomed buying points, according to MarketSmith Analysis. But it also has a messy handle with a higher entry at 184.79. MKSI stock is slightly lower, although on Friday it closed above the closing high for the handle. The RS line is at short term highs.

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Story Time is over for Tesla Stock, Roku

Tesla shares fell 5.5% to 618.70 last week, the sixth drop in seven weeks. Tesla stock at least tried to get back above the 21-day streak last week, which is more than is said for most of these story stocks.

Nio shares fell nearly 17%, to close at the 200-day streak. Xpeng shares are down 14% and Li Auto 9.8%.

Tesla will likely announce first-quarter global deliveries late next week. Nio is likely to release March numbers late next week, but warned on Friday that it would suspend production next week and Reduced target for deliveries in the first quarter.

Roku shares are down 12%, Teladoc 7.4%, and Baidu 19%, all of which are at their lowest levels in 2021. PLTR stock is down 7.15%, testing recent lows.

All of these were the big winners of 2020. The “story” is still there. This can be useful when the stock is rising, but don’t let the story override the technical signals. From Baidu stocks to Tesla, all of these names have taken a heavy toll. Many of these stocks may recover, but it can take a long time. Some of the past winners never return.

Wait for these stocks to regain their 21-day and 50-day streaks before taking them seriously.

Today IBD Stock: This mining and mineral is in the buying range

Market Rise Analysis

The stock market rally showed a positive overall move, thanks to some delayed championships, but it was still a mixed bag.

The Dow Jones tested its 21-day exponential average on Thursday. The S&P 500 closed below 21 days on Wednesday and briefly cut from the 50-day streak in the next session. But by the end of the week, the Dow and the Standard & Poor’s indexes closed, all-time record lows.

Friday’s strong Dow and S&P 500 price action on a volume higher than Thursday was strong enough to be follow-up days. However, since the market entered on Friday as an “uptrend under pressure” in exchange for an outright correction, it is not an indicator of loss at the moment. However, due to the shaky market market, large gains from high volume are very welcome.

The Russell 2000 index fell below the 21-day and 50-day line last week and approached its lows in March before bouncing back. The Small Cap Index closed just above the 50 day line, but is still suffering big weekly losses.

The Nasdaq, despite its large intraday volatility, was ultimately the week with the least repercussions of the four major indices. Last week it started retracing the 21 days, but quickly hit resistance at the 50 day line and was sold off. After recovering from Thursday’s lows, the Nasdaq ended with a modest loss. Nasdaq’s strong gains on Friday came due to lighter volumes as well.

Ultimately, the technology heavy compound remains below the 21 and 50 day moving averages. As long as this is the case, there will be a question mark over the entire stock market rally.

Despite the volatility of the general indices, the individual stocks and sectors were often more volatile. Even when the general trend is sideways, big moves during the day and week make it difficult to make major headway.

There are enough good measures to attract investors. And more than enough to get rid of them. This is the hallmark of a volatile market.

If the market can have more powerful moves, or simply slowly advance in the tame movement, then buyable stocks are likely to boom today. But this is the big card.

What are you doing now

this is is being Stock market rallied, with Friday’s encouraging moves. over there Be A number of quality names in the areas of purchase or preparation. So investors can invest. But until there is more evidence that this market is on a more stable path, keep your individual trades small and light the overall exposure.

You have an exit strategy for your trades. This is especially important in volatile markets, when there is a strong possibility that the stock will decline significantly after a breakout or flash a buy signal.

Build an extensive watchlist. Look for stocks with strong fundamentals or at least rebound earnings that are moving towards or above pre-pandemic levels. Make sure you have a varied watchlist. The check. Yes, chip equipment and housing-related retailers are looking strong, but the stock market leadership is in flux. So don’t get confined to one or two groups.

Read The Big Picture Every day to stay in sync with the market trend, stocks and leading sectors.

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