Dow futures, along with S&P 500 and Nasdaq 100 futures, rose slightly late Tuesday, as Senate Majority Leader McConnell introduced a competing stimulus bill.
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The stock market rally came to a standstill on Tuesday, retreating from record highs, as Senate Majority Leader Mitch McConnell halted efforts to increase stimulus controls. Apple stock briefly hit a new buy point before reversing sharply lower.
The Dow Jones Industrial Average fell 0.2%, or 68 points, while the S&P 500 was also down 0.2%. The heavy Nasdaq composite index fell 0.4%. All three major stock indices reversed from record highs on Tuesday.
between the Dow Jones leadersAnd the an Apple (AAPLDown 1.3% while Microsoft (MSFTDown 0.4%. Tesla (TSLAIt rose 0.35% to extend the winning streak.
Tech giants the alphabet (GOOGL), Amazon.com (AMZN) And the Netflix (NFLXSigns of strength appear in recent trading sessions.
Chinese stocks showed strong measures on Tuesday. Ali Baba (BabaDown 6.25%, while JD.com (DinarRestore a key level. Tesla rival New (NIOBounce off the critical support level. IBD Leaderboard stock Bindowdu (PDD), 15.6%.
Stocks in or near buying areas at the current stock market rise are Generac (GNRC), Intuitive surgeon (ISRG) And the Epam Systems (EPAM).
Apple, Generac, Microsoft and Tesla Stock IBD Leaderboard. Amazon is IBD SwingTrader stock. Intuitive and surgical systems Appeared In this week The stocks are near the buying area pole.
Dow Jones futures today: stimulus checks
Late Tuesday, the Dow Jones and S&P 500 futures rose 0.2% versus fair value. Nasdaq 100 futures rose 0.1% against fair value. Remember to trade in Dow Jones Futures And anywhere else it does not necessarily translate into actual circulation in the next normal cycle Stock market session.
Late Tuesday, McConnell introduced a competing bill that would increase the size of pay checks to $ 2,000, repeal Section 230 and create a commission to study election fraud. These are the three requests President Donald Trump made when he signed the stimulus package over the weekend.
Earlier Tuesday evening, Treasury Secretary Stephen Mnuchin chirp That $ 600 stimulus payments will start coming out tonight. Paper checks will be mailed to us starting Wednesday. Meanwhile, the fight for $ 2,000 incentive checks continues in the Senate.
At midday on Tuesday, McConnell blocked Senate Minority Leader Chuck Schumer unanimously attempting to increase the stimulus checks from $ 600 to $ 2,000. Schumer had called the Senate to unanimously approve an increase in stimulus checks, but McConnell objected. The Senate needs unanimous support to move quickly on most issues.
Among the ETFs, Innovator IBD 50 (fifty) Rose 0.8% on Tuesday. The Nasdaq 100 Invesco QQQ Trust ETFQQQIt rose 0.1%. Meanwhile, the SPDR S&P 500 ETF (spyIt came down 0.2%.
Amidst a stock market rally due to the coronavirus, the tech-heavy Nasdaq rose 42.7% for the year through Monday’s close. The S&P 500 is up 14.1%, while the DJIA is up 5.2% since the start of the year.
An overview of the US stock market today |
||||
|---|---|---|---|---|
| index | Code | price | Profit / loss | % They change |
| Dow Jones | (0DJIA) | 30335.67 | -68.30 | -0.22 |
| Standard & Poor’s 500 | (0S & P5) | 3727.04 | -8.32 | -0.22 |
| Nasdaq | (0NDQC ) | 12850.22 | -49.20 | -0.38 |
| Russell 2000 | (etc.) | 194.53 | -3.74 | -1.89 |
| IBD 50 | (fifty) | 40.55 | -0.32 | -0.78 |
Last update: 5:28 PM ET 12/29/2020 |
||||
Coronavirus updates
according to Worldometer data trackerThe cumulative number of confirmed coronavirus cases in the United States topped 19.8 million on Tuesday. The total deaths associated with the virus have risen to more than 343,000.
The cumulative total of confirmed Covid-19 cases worldwide since the outbreak began has surpassed 82 million on Tuesday, with more than 1.78 million deaths linked to the virus.
Coronavirus stock market rally
November was one of the most important months for the stock market. IBD’s The Big Picture Marked a new bullish trend after the bullish market follow-up day on November 4th. Meanwhile, December sees the stock market at record levels.
The big picture for Monday He warned that « the last week of 2020 began with stock market indices that recorded record highs, except for making sure that the Nasdaq Composite Index will end in 2020 with one of the five largest annual gains. But Monday’s gains masked the weakness of the leading stocks and small stocks. »
Investors should continue to use stock market power to buy breakouts. Be patient and wait for strong breakouts rather than chasing the extended stocks. If new hacks work, add more exposure. But if the breakouts start to fail, you can hold back.
In particular, focus on stocks with strong relative strength. Find it using Relative strength line. The RS line measures the stock price performance against the S&P 500 Index. If the stock outperforms the broader market, the RS line tilts upward. If the stock is performing worse than the broad market, the line will indicate a decline.
ETF Stock Market Strategy and How to Invest
The Dow Jones Stocks to Watch: Visa
visa (FifthIt rose roughly 1% on Tuesday, slowly getting closer to 217.75 long base points, according to IBD Market Smith Graph analysis.
The blue chip giant is the Dow Jones’ No. 11 performing stock of 2020, with a 14.2% advance as of Tuesday.
Chinese stocks outperform; Nio finds major support
Alibaba stock fell 6.25% on Tuesday, but remained more than 25% from its 52-week high following Friday’s drop of 13.3%.
JD.com continues to form a new base, as it retraces the 50 day moving average line. At the moment, the new buy point is 92.87.
Tesla competitor Nio rebounded from 50-day support, competing nearly 5% higher.
IBD Leaderboard Pinduoduo rose 15.6%, reaching an all-time high.
Alphabet of Tech Giants, Amazon.com, Netflix Leader
Alphabet, the FANG stock leader, continues the recovery after prof 50-day streak successful test On December 21, stocks are also at 5% buying area Above 1.726.20 Point purchase At the base of the cup after the November 4 outbreak.
Shares are down 0.9% on Tuesday, but are still in direct buying. The buying area increased to 1,812.51.
Amazon.com shrugged off the stock market weakness, rising 1.2% on Tuesday. The stock added to Monday’s rise of 3.5%. Shares are close to traditional buy point at 3,552.35; It is also close to early entry at 3,496.34
Amazon is a recent addition to IBD SwingTrader.
Netflix briefly topped 536.47 buy points in a cup handle on Tuesday, closing just below entry. Shares rose 2.3%.
The real drawback is the stock’s lag Relative strength line. It is still far from old highs despite rising in recent weeks. The RS line measures the performance of a stock’s price against the general market. It is the blue line at all IBD chart.
Stocks in or near purchase areas: Epam, Generac, Intuitive Surgical Systems
IBD Leaderboard Generac attempts to breach the buy point of 234.65 at A.M. Flat base, to me IBD Market Smith Graph analysis. Shares are down 5% on Tuesday, below the buy point.
According to Leaderboard’s comment, « The stock has been standardized in an orderly manner for more than five weeks, creating a new base. It’s a phase three pattern, so it might not be as successful as the previous ones. »
Intuitive Surgical, a leader in robotic surgery, remains in a 5% buyout zone above 792.64 Entry point In flat base after the December 22 breakout. Buy zone increases 5% to 832.27. Stocks snapped a three-day losing streak with gains of 1.1% on Tuesday.
To the upside, the stock RS line reached a new high on the day of the breakout, confirming the strength of the breakout.
Today’s stocks are from IBD, Epam Systems, low buy, at 357.08 in flat base. Shares are down 0.5% on Tuesday, just below the buy point.
to me Inventory check for IBDAnd the EPAM stock Shows 95 of 99 complete IBD compound classification. A composite rating – an easy way to identify the highest-growing stocks – is a combination of fundamental and technical metrics to help investors gauge a stock’s strengths.
IBD Live: a new tool for daily stock market analysis
Tesla Stock
IBD Leaderboard Tesla shares extended their winning streak to four sessions on Tuesday with gains of 0.35%. On December 18, Tesla stock hit a record high of 695 which is nearly 4% from its all-time high.
On November 18th, stocks broke above the 466 buy-in point of a double-handle cup and is 40% above the buy point.
Dow Jones Leaders: Apple and Microsoft
Apple stock, the leader of the Dow Jones, is trying to break above 138.08 cup base buy points, according to MarketSmith Graph analysis. Involved It briefly exceeded the point of purchase Tuesday before reversing 1.3% lower. The stock ended the day without New buying point.
In recent weeks, Apple shares have moved above strong entry points at 125.49 and 122.09.
The blue chip giant is the # 1 performing Dow Jones stock for 2020, with an 86.2% advance as of Tuesday.
« Our main prediction is that Apple will be the best FAANG stock in 2021, » said Jane Munster, managing partner at Loup Ventures. Blog post Tuesday. « In 2019, Apple was the best performer, and the stock is due to be repeated in 2020. »
Monster added: « We believe AAPL will approach $ 200 (46% above current levels) over the next two years. »
Software giant Microsoft fell 0.4% on Tuesday as stocks approached 228.22 buy points.
Be sure to follow Scott Lehtonen on Twitter at Embed a Tweet Learn more about developing stocks and Dow Jones futures.
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