The Dow Jones Industrial Average briefly rose more than 300 points on Monday to a record high after President Trump signed the Coronavirus Relief Bill. Apple stock is approaching a new buying point, while Tesla is once again nearing record levels. Bitcoin rose briefly above $ 28,000.
Tesla (TSLA) To extend the winning streak to three sessions, up by more than 1% in early trade.
Dow Jones today: Trump signs the bill
On Monday, the Dow Jones Industrial Average rose 0.7%, while the S&P 500 index rose 0.9%. The tech-heavy Nasdaq Composite Index rose 0.8% at midday.
Late Sunday, President Donald Trump signed a $ 900 billion relief deal and a $ 1.4 trillion comprehensive spending package. In a statement, Trump said the Senate “will begin the voting process that will increase the checks to $ 2,000.” The House of Representatives is already planning to vote on a measure to increase direct payments.
An overview of the US stock market today
|index||Code||price||Profit / loss||% They change|
|Standard & Poor’s 500||(0S & P5)||3732.39||+29.33||+0.79|
Last update: 10:26 AM ET 12/28/2020
Amidst a stock market rally due to the coronavirus, the tech-heavy Nasdaq rose 42.7% for the year through Thursday’s close. The S&P 500 is up 14.6%, while the DJIA is up 5.8% year-to-date.
Bitcoin rises above $ 28,000
Over the weekend, Bitcoin rose more than $ 4,700 to $ 28,352 on Sunday, before the gains were trimmed.
The bitcoin price traded at around $ 27,200 early Monday. According to Coindesk.
according to Worldometer data trackerThe cumulative number of confirmed coronavirus cases in the United States surpassed 19.5 million on Monday. The total deaths associated with the virus have risen to more than 341,000.
The cumulative total of confirmed Covid-19 cases worldwide since the start of the outbreak reached 81.2 million on Monday, with more than 1.77 million virus-related deaths.
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 on Thursday He commented, “The year proves that in the midst of a once-in-a-century pandemic and intense polarization in politics, the stock market can maintain an upward bias. Knowing this gives you an edge. Here are five ways to stay ahead of the next year.”
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. 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.
Stocks to Watch: IBD Long-Term Leaders
Includes stocks to watch Long-term leaders of IBD, Companies with steady earnings growth and price performance. Viva Systems (VEEV) Do you Latest addition to the list, With a bullish bounce above the key ten-week moving average line. The stocks are approaching 314.09 long points at the base of the cup.
Dow Jones Stocks worth seeing: Apple
Apple stock is nearing a buy point of 138.08 for the cup base, according to MarketSmith Graph analysis. Shares are up 3.2% on Monday morning, and are about 1% away from the stock market New buying point.
Apple shares extended above the strong entry level at 125.49.
The blue chip giant is the first performing Dow Jones stock of 2020, with a 79.8% advance as of Thursday.
Stocks in or near Buying Zones: Generac, Intuitive Surgical, Epam
According to Leaderboard’s comment, “The inventory has been standardized in an orderly manner for more than five weeks, creating a new rule. It’s a phase three pattern, so it might not be as successful as the previous ones.”
Intuitive Surgical remains in 5% buying territory above the 792.64 entry level in a flat base after the December 22 breakout. Buy zone increases 5% to 832.27. The shares were up 0.75% on Monday morning.
Today’s stocks are from IBD, Epam Systems, @ 357.08 buy in flat base. Shares rose on Monday morning and are just below the buying 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 Leaderboard Tesla shares rose more than 1% Monday morning, on the way to extend their winning streak into three sessions. On December 18, Tesla stock hit a record high of 695 which is nearly 4% from its all-time high.
Tesla CEO Elon Musk, in a leaked email to employees, said the company has a chance to reach the “historic milestone” of 500,000 deliveries in 2020, but it has to be “fully” completed in the last few days of the year.
On November 18th, stocks broke above the 466 buy-in points of a double-handle and is over 40% of the buy-point.
Dow Jones Leaders: Microsoft
From among the top Dow Jones StocksSoftware giant Microsoft rose 0.3% Monday, as stocks continued moving above the main 50-day line. The shares are approaching the buy point of 228.22.
Be sure to follow Scott Lehtonen on Twitter at Embed a Tweet Learn more about stock growth and the Dow Jones Industrial Average.
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