Dow Jones Futures: Market Rally Is At Inflection Point, What To Do Now; Tesla FSD Beta Rollout Delayed
Dow Jones futures open Sunday evening along with S&P 500 futures and Nasdaq futures. A stock market rally attempt is underway, but the major indexes all hit resistance at key levels as Treasury yields continue to climb. Tesla (TSLA) pushed back the rollout of its FSD Beta by couple of days.
The stock market rally is at an inflection point. The major indexes need to get above their resistance levels and follow through to confirm the new rally attempt.
Microsoft (MSFT), Nvidia (NVDA), Sea Limited (SE), Fortinet (FTNT) and Google parent Alphabet (GOOGL) all rebounded last week to around their 50-day moving averages. Except for perhaps, Nvidia stock, they could be considered actionable in a confirmed market rally. But investors neglect the “M” in CAN SLIM at their peril
Meanwhile, CEO Elon Musk confirmed that Tesla FSD Beta was not rolled out to more Full Self-Driving owners at…