Dow Jones Futures: Coronavirus Stock Market Rally Breakouts Slowing, But Apple, Tesla, AMD Near Buy Points
Dow Jones futures won't begin trading until Sunday, along with S&P 500 futures and Nasdaq futures. The coronavirus stock market rally powered ahead last week, with the Nasdaq composite nearing all-time highs. Apple (AAPL), Microsoft (MSFT), Google parent Alphabet (GOOGL), Tesla (TSLA) and Advanced Micro Devices (AMD) are all near buy points.
None of these stocks seem particularly eager to break out, despite a strong week for the coronavirus market rally. Apple stock and Google stock both edged past buy points last week, but never closed above them. Tesla stock and AMD stock hit aggressive entries, but then backed off slightly. Microsoft stock barely moved last week.
Apple stock, Microsoft stock and AMD stock are on IBD Leaderboard. Tesla stock is on the Leaderboard watchlist. Google stock is on SwingTrader. AMD is on the IBD 50 list, along with rival Nvidia (NVDA) and several other chip names. MSFT stock is on the IBD Long-Term Leaders list.
Dow Jones futures will not start trading until 6 p.m. ET Sunday, along with S&P 500 futurs and Nasdaq 100 futures. While not as volatile as during the market crash, Dow Jones futures are still prone to big moves and overnight swings.
Remember that overnight action in Dow futures and elsewhere doesn't necessarily translate into actual trading in the next regular stock market session.
U.S. markets are closed Monday in observance of the Memorial Day weekend. But Europe and Asia are open.
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