May 17, 2022

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Dow Jones Futures: Stock Market Rally Underway, But Don’t Go Until This Happens

2 min read

Dow Jones futures will open on Sunday evening, along with S&P 500 futures and Nasdaq futures. A new stock market rally attempt got underway late last week, closing off lows Thursday and surging higher on Friday. But the major indexes still fell sharply for the week.


Investors should wait to see if the market rally continues to build momentum and stages a follow-through day to confirm the new uptrend.

Chevron (CVX) and fertilizer leader CF Industries (CF) are around early entries, while Albemarle (ALB) and Broadcom (AVGO) have a little more work to do. Merck (MRK) didn’t participate in Friday’s relief rally, but closed up for the week and in a buy zone.

Meanwhile, Tesla stock and Twitter (TWTR) will remain in focus. Tesla (TSLA) rebounded on Friday, but still had a tough week. Twitter stock sold off last week, especially on Friday as Tesla CEO Elon Musk said the deal was “temporarily on hold.”

MRK stock and CF are on SwingTrader. CF stock and AVGO stock are on the IBD 50. CF, Merck and CVX stock are on the IBD Big Cap 20. CF Industries was Friday’s IBD Stock Of The Day.

The video embedded in this article discussed a volatile market week and analyzed Chevron, CF Industries and Albemarle stock.

Dow Jones Futures Today

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

Remember that overnight action in Dow futures and elsewhere doesn’t necessarily translate into actual trading in the next regular stock market session.

Join IBD experts as they analyze actionable stocks in the stock market rally on IBD Live

Stock Market Rally Attempt

The stock market sold off hard, with the major indexes hitting 52-week lows before a big recovery from Thursday’s lows. A nascent stock market rally attempt is underway.

The Dow Jones Industrial Average still fell 2.1% in last week’s stock market trading. The S&P 500 index sank 2.4%. The Nasdaq composite retreated 2.8%. The small-cap Russell 2000 gave up 2.5%.

The 10-year Treasury…

2022-05-13 21:49:07

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