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DOW-Futures: Marktrally sees more potential leaders diving; Tesla, new news coming

 DOW-Futures rose from one day to the next, together with S&P 500-Futures and Nasdaq-Futures. Tesla (TSLA) and NIO news stands for the opening of Thursday online. Large indices fell on Wednesday as a result of economic worries.

The organization for economic cooperation and development reduced its prognosis for economic growth in the US and the world on Wednesday, in the aftermath of a new Tuesday. Focused on (TGT) warning. Intel Corporation (Intc) and the Altria (MA) fell because analysts in the current environment became increasingly cautious.

Biggest losers

Traveling and mining, especially steel stocks, were among the biggest losers in a widespread sale. Synopsys is a rare growth share that shows some power. The Norwegian state oil and gas company Equinor and Operator Callon Shale play in the field of energy. WLK shares are one of the many regular chemical names.

The stock of Eli Lilly is in IBD classification. SNPS Stock runs long -term leaders from IBD. Zim, Westlake, Synopsys and CPE shares are available in our file defect 50. Wednesday was the Westlake IBD stock today.

Dow Jones Futures contracts today

DOW-Futures have risen 0.1% compared to the real value. S&P 500-Futures rose by 0.1% and Nasdaq 100-futures rose by 0.1%.

The European Central Bank will probably terminate the purchase of assets during the Thursday policy meeting, with an announcement prior to the opening bell. This would clear the road for an interest rate increase in July.

The Ministry of Labor will release weekly data on applying for unemployment at 8.30 am, followed by the consumer price index on Friday morning. Visit Ipostocksplanner.com website for more information.

It will come for the FED policy meeting next week, with a new interest rate rise with half a point.

Remember to work in Dow Jones-Future contracts at night and elsewhere this does not necessarily translate into actual circulation in the next regular session stock exchange session.

Tesla News

Investors will receive the Tesla China sales figures for May as part of branch data from the China Passenger Vehicle Association. The production of Tesla Shanghai improved in May after the factory was closed most of April, but it is still far below normal. The production of Tesla can reach the full capacity somewhere in June.

Read the collapse of the exhibition introduction of ‘Tech’ and Spac shares in real estate: House Flippers OpenDoor and Redfin Come Unglued, Na Zillow

It came like a gigantic China EV BYD (BYDDFZE said she would deliver batteries to Tesla. Byd, that Tesla first surpassed this quarter in car sales, rose by 1.8% to 38.80. On course for a fifth consecutive weekly Profit, BYD shares are still far from record highs.

Tesla CEO Elon Musk Twitter (TWTR) The takeoversaga has influenced the shares of TSLA, for fear that Musk will be forced to sell more shares. It was reported on Wednesday that the Board of Directors of Twitter Musk would give access to all its internal data. After signing a $ 44 billion deal on Twitter and the abandonment of Due Diligence, Musk threatened to try to walk away, unless he gets more information about fake users. TWTR shares rose by 0.8% to 40.44 and reached the highest intraday level since 13 May. But Twitter is still well under the acquisition price of Musk of $ 54.20.

Tesla shares rose by 1.25% to 725.60 on Wednesday, but are far from morning heights after touching resistance on the 21-day line. TSLA shares are well under the series of 50 and 200 days.

Tesla vs. Byd: Meet the new king of EV

Most Chinese manufacturers of electric cars have already reported production and delivery data in May, including BYD and Nieuw (NIO). NIO will announce the results for the first quarter before the opening of Thursday, although the focus will probably be on the guidance for the second quarter and afterwards. NIO shares rose by 3.7% to 20 on Wednesday, 38, and continued to rise after his long -sliding series of 50 days.

AMD Analyst Day

Advanced micro devices (AMDDDAnderdag is analyst day. On Wednesday, the AMD share fell by 3.2% to 101.90, on its way to the falling line of 50 days. Various analysts lowered the winning tribilities for arch-rival Intel, after careful comments of Management. Intc shares have dropped 5.3 percent to the lowest final level since the end of 2017.

Rise

The stock market rally was mixed for most of the morning, but the most important indexes closed with strong losses. The Dow Jones Industrial Average fell 0.8% stock market trade on Wednesday. The S&P 500 fell 1.1%. The Nasdaq Composite lost 0.7%. Small-Cap Russell 2000 fell 1.55%.

The price of crude oil in the US increased by 2.5 percent to $ 122.11 per barrel, the highest level in three months. Gasolinefutures are just below the record levels. Natural gas has fallen by 6.4%, still near the highest point in 14 years. The decrease on Wednesday came as a result of a fire in an LNG export terminal in Texas. LNG-related shares fell on Wednesday.

SPDR S&P Metals & Mining ETF (XME) failed by 3.8% and the US Global Infrastructure Development Fund X (ETF)) WIEG) Exemption of 2.5%. American Global Gates Foundation (ETF) aircraft) fell by 2.6%. SPDR S&P Homebuilders ETF (XHB) fell by 2%. SPDR specific Energy Fund (SPDR ETF) XLE) increased by 0.2% and the Financial Select SPDR ETF) XLF) fell by 1.8%. SPDR Sector Selection Fund Care (XLV) dropped by 0.8%

Shares reflect more speculative stories, the Ark Innovation ETF (up to soon) increased by 2.7% and the Ark Genomics ETF (ARKG) 2.4%. Tesla shares remain the number 1 position of Ark Invest. Ark, which has sold a considerable amount of TSLA shares for a few months, has bought many shares since the end of May, also on Tuesday. The Cathy Wood Fund also has some shares from BYD and NIO.

Stocks near the purchase points

The share of Eli Lilly rose by 0.4% to 313.47 on Wednesday and reached resistance around his old purchase point at 314.10. The LLY share recovered this week from its 21-day and 10-week streaks, after being withdrawn from a commotion about price control last week. The relative power line The share of Lilly is just below the record highs. The RS line, the blue line in the graphs provided, follows the performance of the share in relation to the S&P 500 index.

SNPS shares fell by 2% to 322.89. Investors can treat current consolidation as: double bottom with 342.69 purchasing points. It is possible that Synopsys stock will work on a handle, which would reduce the official input. While the SNPS shares are not high, the RS line is on record highs.

EQNR stock has fallen by 0.3% to 37.75, with an input of 38.80 cups with a handle, according to Marketsmith analysis. Equinors RS line is at a record high.

WLK shares fell by 1.5% to 131.92 and consolidated near the 10-week series. Westlake Chemical shares are on schedule to acquire a flat base with 141.29 Kooppips at the end of the week. Investors can make an early entry over the short-term highs on 136-137. The RS line is at height.

The CPE share rose 0.1% to 62.50. On the day the Callon share reached 63.96, which resulted in a purchase point of 63.44 cups with a handle. The most important indexes fell on Wednesday, with a weight on the shale oil producer. But CPE shares have a recent history of large intraday profits that fade or change in losses at the end. CPE share RS line is at a high level.

The stock market rally fell sharply on Wednesday. The volume on the Nasdaq rose compared to the previous session and heralded a new distribution day.

In general, the most important indicators continue to show lateral movement and find support in the progressive 21-day averages. The S&P 500 and Dow Jones, however, achieved resistance on the 10-week lines, while the Russell 2000 fell back onthere the 50-day 10-week lines.

Additional side actions can be constructive for the rise of the market, so that more bases and handles can be formed. But with the single line of 21 days that is getting higher and higher and the lines of 50 days and 10 weeks that are steadily lower, the most important indicators can come under pressure to break higher or lower.

Energy shares remain a striking appearance, although individual names can certainly have some large daily or weekly fluctuations. In the meantime, other sectors are struggling to show leadership for a longer period of time. The relative shortage of shares that can be purchased – and the high percentage of failures for new buying options – is a worrying aspect of the current market trally.

Zim and Star Bulk gave a few weeks of winning on Wednesday, while Timken Steel (TMS) and the Amphastar Pharmaceuticals (Amph) fell back while buying points after the impressive outbreaks of Tuesday.

What are you doing now?

If you have built up a moderate overview for the past two weeks, there is currently no good reason to add vacancies. The scope of the Marktrally is limited, with the CPI report from May on Friday and the meeting of the Federal Reserve next week. Investors must limit losses quickly and consider taking at least partial profit relatively early.

A market trally could deteriorate, causing investors to be pressed to the sidelines. Or it can improve quickly, resulting in a wave of buying options. Investors must be alert to changes in the market and be willing to act.

 

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