Dow Jones Futures Fall: Bitcoin ETF To Debut; Tesla Inventory Nears File Excessive


Dow Jones futures had been barely decrease Monday, with the primary Bitcoin ETF set to debut Tuesday. Tesla inventory is approaching all-time highs, whereas tech titans Alphabet, AMD and Nvidia are in new purchase areas.


On Monday, the Dow Jones Industrial Common moved down 0.1%. The S&P 500 rose 0.3%, whereas the Nasdaq led the way in which, rising 0.8% to finish at session highs.

Among the many Dow Jones leaders, Apple (AAPL) rallied 1.2% Monday, whereas Microsoft (MSFT) moved up 1% in today’s stock market. American Specific (AXP), Goldman Sachs (GS) and JPMorgan Chase (JPM) eyed new buy points within the present rally.

Dow Jones shares Johnson & Johnson (JNJ), Procter & Gamble (PG) and Vacationers Corporations (TRV) will report earnings Tuesday morning.

Tesla (TSLA) gained 3.2% Monday, extending a win streak to 6 classes. The EV big is approaching report highs.

Among the many high shares to purchase and watch, Superior Micro Units (AMD), Alphabet (GOOGL), CrowdStrike (CRWD) and Nvidia (NVDA) are in or close to new purchase zones.

Superior Micro Units, Microsoft and Tesla are IBD Leaderboard shares. AMD featured on this week’s Stocks Near A Buy Zone story. CrowdStrike was featured in final week’s IPO Leaders column. Nvidia is an IBD SwingTrader inventory.

Dow Jones Futures At present: Bitcoin ETF To Debut

After the inventory market shut Monday, Dow Jones futures fell 0.1% vs. honest worth, whereas S&P 500 futures moved down lower than 0.1%. Nasdaq 100 futures edged increased vs. honest worth. Do not forget that buying and selling in Dow Jones futures and elsewhere does not essentially translate into precise buying and selling within the subsequent common stock market session.

U.S. Inventory Market At present Overview

Index Image Value Acquire/Loss % Change
Dow Jones (0DJIA) 35259.01 -35.75 -0.10
S&P 500 (0S&P5) 4486.39 +15.02 +0.34
Nasdaq (0NDQC ) 15021.81 +124.47 +0.84
Russell 2000 (IWM) 225.07 -0.09 -0.04
IBD 50 (FFTY) 49.55 +1.07 +2.21
Final Replace: 4:24 PM ET 10/18/2021

Bitcoin traded round $61,300 late Monday, rising 2.5% over the past 24 hours, in keeping with CoinDesk. On Tuesday, the ProShares Bitcoin Strategy ETF (BITO) — which is linked to Bitcoin futures — will start buying and selling on the NYSE beneath the ticker ‘BITO’, in keeping with the corporate.

“BITO will open up publicity to Bitcoin to a big section of buyers who’ve a brokerage account and are snug shopping for shares and ETFs, however don’t want to undergo the effort and studying curve of creating one other account with a cryptocurrency supplier …,” ProShares CEO Michael Sapir mentioned in an announcement.

The Securities and Alternate Fee hasn’t formally authorized the ProShares Bitcoin Technique ETF. The SEC could by no means formally achieve this. However BITO can start buying and selling if the SEC does not object.

Amongst exchange traded funds, Innovator IBD 50 (FFTY) moved up 2.1% Monday. Nasdaq 100 tracker Invesco QQQ Belief (QQQ) gained 1%. And the SPDR S&P 500 ETF (SPY) ascended 0.3%.

Stock Market ETF Strategy And How To Invest

Inventory Market Rally

The inventory market rally added to Friday’s beneficial properties with largely optimistic motion Monday, although the Dow 30 did shut barely decrease. All three main inventory indexes — the Nasdaq, the Dow Jones Industrial Common and S&P 500 — are above their key 50-day benchmarks.

This is a crucial time to learn The Big Picture.

On Friday, The Big Picture suggested, “After Thursday’s follow-through, buyers ought to add shares in measured steps, no less than whereas the market builds on the preliminary push. Keep in mind, the growth-heavy Nasdaq 100 remains to be under the 50-day line. Now the query is, the place to begin investing? The market management has been shifting all yr. It at the moment favors commodities, trucking, power, financials and some different sectors.”

Five Best Dow Jones Stocks To Watch Now

Dow Jones Shares To Purchase And Watch: Amex, Goldman, JPMorgan

American Specific is simply 1% away from a 178.90 purchase level in a cup with handle, in keeping with IBD MarketSmith chart evaluation. Shares rallied 0.6% Monday.

Goldman Sachs gained 1.9% Monday, rising nearer to a 420.86 purchase level in a flat base. In the meantime, JPMorgan is within the 5% purchase zone previous a 163.93 entry in a cup with deal with following final week’s take a look at of the 50-day transferring common. The 5% purchase space tops out at 172.13.

American Specific and Goldman Sachs each have a powerful relative strength line. Sturdy relative strength lines initially of latest uptrends are indicative of potential market leaders.

Dow Jones Earnings: J&J, Procter & Gamble, Vacationers

Johnson & Johnson, Procter & Gamble and Vacationers will report earnings forward of Tuesday’s market open.

J&J is predicted to earn $2.36 per share on gross sales of $23.7 billion, in keeping with Benzinga. The inventory closed Monday sharply under its 50- and 200-day transferring averages.

Procter & Gamble’s earnings are anticipated to dip 2% to $1.59 a share vs. the year-ago interval. Revenues are anticipated to measure $19.8 billion. P&G inventory is combating for help round its 50-day line.

Vacationers is predicted to earn $1.90 per share on gross sales of $8.1 billion. Shares are tracing a flat base that has a 163.39 purchase level.

Shares To Purchase And Watch: AMD, Alphabet, CrowdStrike, Nvidia

IBD Leaderboard inventory Superior Micro Units is breaking out previous a 114.59 purchase level out of a double-bottom base and is in purchase vary. AMD inventory jumped almost 4% Monday.

In keeping with IBD Stock Checkup, AMD boasts an ideal 99 IBD Composite Rating. The IBD Composite Score identifies shares with a mix of robust basic and technical traits.

FANG inventory chief Alphabet prolonged a win streak to 4 classes Monday, rallying 1%. The inventory is again above its 50-day line and above a brief trend line. In the meantime, shares are approaching a 2,925.17 buy point in a flat base, in keeping with IBD MarketSmith chart evaluation.

Cybersecurity chief CrowdStrike is nearing a 289.34 purchase level in a cup base after final week’s bullish retake of the 50-day line. Shares had been up 4.5% Monday. The inventory is an IPO Leader.

IBD SwingTrader inventory Nvidia handily reclaimed its 50-day line throughout Thursday’s almost 4% advance, putting the chip big in a brand new purchase space. NVDA inventory is tracing a consolidation with an official purchase level at 230.53. The inventory rallied 1.65% Monday. Bullishly, the inventory’s relative strength line is nearing a brand new excessive, reaffirming its management standing.

Join IBD experts as they analyze leading stocks in the new stock market uptrend on IBD Live

Netflix Earnings

Netflix (NFLX) earnings are due out Tuesday after the shut. The FANG chief’s earnings are anticipated to develop 48% vs. the year-ago interval to $2.57 per share. Gross sales are estimated to rise 16% to about $7.4 billion, in keeping with IBD knowledge.

Netflix inventory ended Monday out of the 5% purchase space previous a 593.39 purchase level in a consolidation. Shares are simply off all-time highs.

Tesla Inventory

Tesla inventory rose over 3% Monday to 870.11, extending a win streak to 6 classes and nearing report highs. TSLA shares are actually comfortably above a 764.55 purchase level in a cup with handle, in addition to earlier entries at 700.10 and 730.

The inventory closed Monday about 3% under report highs. On Jan. 25, Tesla inventory hit a report excessive of 900.40, after climbing as a lot as 93% from a 466 purchase level in a cup-with-handle pattern.

Dow Jones Leaders: Apple, Microsoft

Among the many high Dow Jones stocks, Apple rose 1.2% Monday after the company’s “Unleashed” product launch. The corporate unveiled new MacBook Professional notebooks, new AirPods wi-fi earbuds and a lower-priced tier for its Apple Music service.

Apple shares closed Monday under their 50-day line, about 7% off their 52-week excessive. A brand new flat base is forming that has a 157.36 purchase level, in keeping with IBD MarketSmith chart evaluation.

Software program big Microsoft rose 1% Monday, because the inventory strikes nearer to its new purchase level. A new flat base exhibits a 305.94 purchase level.

Be sure you comply with Scott Lehtonen on Twitter at @IBD_SLehtonen for extra on progress shares and the Dow Jones Industrial Common.


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