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Market Rally: S&P 500 Tops Key Level As 5 Stocks Flash Buy Signals

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Dow Jones futures were little changed overnight, along with S&P 500 futures and Nasdaq futures. Stock market gains rebounded on Tuesday, with the S&P 500 regaining his 4,000 level.




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deer (DE) released results early Wednesday, with DE shares in the buy zone. Deere’s earnings and guidance could be material for a range of agricultural stocks. CF Industries (CF) When archer daniels midland (ADM), and machine manufacturers such as caterpillar (Cat).

Energy stocks continue to perform well.solar reader enphase energy (Enf), coal producers peabody energy (BTUs), refiner CVR energy (CVI), natural gas producers EQT Inc. (EQT) and LNG stock boost energy (EE) are all nearby buy points.

EE shares surged on Wednesday, with Enphase back in the buying zone. BTU Stock, CVR Energy and EQT are viable.

ENPH In stock IBD leaderboard. EQT in stock swing traderDeere’s inventory is IBD50Peabody Energy IBD stock today.

dow jones futures today

Dow Jones futures were little changed to fair value. S&P 500 futures fell slightly. Nasdaq 100 futures fell 0.25%.

Crude oil prices rose slightly. Natural gas futures rose 2%.

The Central Bank of New Zealand delivered a record 75 basis points rate hike, as expected.

Fed minutes from the November meeting will be released on Wednesday.

remember the night action dow futures Elsewhere, it doesn’t necessarily translate into the next regular real deal stock market session.


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stock market rally

The stock market had a mixed rally on Tuesday, with broad-based gains and closing near session highs.

The Dow Jones Industrial Average rose 1.2% on Tuesday. stock market tradingBoth the S&P 500 Index and the Nasdaq Composite were up nearly 1.4%. Small-cap Russell 2000 he rose 1.1%.

The 10-year Treasury yield fell seven basis points to 3.76%. But his 2-year US Treasury yield, which is more closely related to Fed policy, was broadly flat at his 4.53%.

The dollar fell on Wednesday after rising in the last three sessions. The US dollar has fallen significantly since his late September, especially since his early November.

US oil prices climbed 1.1% to $80.95 a barrel, continuing a rebound from Monday’s temporary drop. Gasoline futures rose his 4.3%, good news for refiners. Natural gas futures edged higher after falling more than 2% during the day.

ETFs

In between best ETFsInnovator IBD 50 ETF (FFTY) surged 3.4%, aided by a number of energy and metals stocks. iShares Expanded Tech Software Sector ETF (IGV) increased by 1.8%. VanEck Vectors Semiconductor ETF (SMH) Pop 2.9%.

SPDR S&P Metals & Mining ETF (XME) rose 3.2%, while the Global X US Infrastructure Development ETF (pave) was added to 1.3%. SPDR S&P Homebuilders ETF (XHB) rebounded 1.9%. Energy Select SPDR ETF (XLE) increased by 3.1%. Healthcare Select Sector SPDR Fund (XLV) rose 0.9% to a seven-month high.

Reflecting stocks with more speculative stories, ARK Innovation (arc) made a profit of 0.3%, while ARK Genomics (ARKG) 0.4% immersion.


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Energy stocks close to buy point

Enphase stock rose 4% to 320.44 and closed at 316.97. cup with handle Buy points for the first time. But the last three times his ENPH stock has risen and fallen to these areas. Enphase stocks tend to have high daily fluctuations. As such, investors may wait to see if ENPH stock returns to its rapidly rising 21-day moving average.

Some other LNG stocks show strength, Flex LNG (FLNG) breakout and cheniere energy (liquefied natural gas) take back the line for 50 days.

BTU shares surged 6.7% to 29.62, just below the buy point of the 30.15 handle after a seven-month consolidation. Tuesday’s move broke the trendline of the handle, providing an early entry. However, BTU stocks are 9.3% above his 21-day line and 17% above his 50-day line. Handle formed after Peabody Energy’s strong earnings.

CVR Energy’s share price rose 4.85% to 40.85, above the old buy point of 39.81, which may still be considered valid.Also, CVI stocks have 3 weeks tight 42.31 Entry Patterns. A break above 41.31 could indicate an early entry into that tight pattern.

EQT shares rose nearly 6% to 43.79, above the 50-day line after rebounding from Monday’s 200-day line. The stock has broken through the downtrend line. The official buy point is 52.07.

EE shares surged 9.6% to 30, clearing the handle cup buy point of 28.49 with above-average volume. marketsmith analysisThe move to a record closing price has cleared a number of deals that have taken place dating back to Excelerate Energy’s April IPO. EE shares posted early entries on Friday and Monday, but trading was below normal on those days. Excelerate is now slightly out of the buy zone and well out of the 21-day line.

Market rally analysis

Stock market gains continue to show constructive moves, trading in a tight range after last week’s modest rally and support. On Tuesday, major indices recovered from Monday’s decline.

The S&P 500 has bounced back from the 10-day line at the 4,000 level and moved towards the 200-day line. While not surpassing the intraday high on November 15, it was the highest closing price in over two months.

50 days line However Starting to rise in the S&P 500.

Russell 2000 is very close to 200 days. After holding the 200-day line last week, the S&P Mid-Cap 400 rose further.

The major Dow Jones crossed the 34,000 level for the first time in three months, just below its August 16 peak. The late-starting Nasdaq found support at his 21-day line just above the 50-day line, but failed to recoup all of Monday’s losses.

All of these indices are at work on the handle, with the Dow creeping up. Since most stocks follow the movements of the major indices, many handles are formed on stocks close to buy points. With a little longer pause, perhaps until the main economic report later next week, the moving averages will begin to catch up.


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what to do now

Until the S&P 500 definitively crosses the 200-day line, investors may not want to add much exposure at this point. With next week’s Thanksgiving holiday trading and key Fed economic data, market gains could be in the range in the short term.

This could help stocks in various sectors set handles and moving averages higher. Investors should create a watchlist. Now is definitely the time to look beyond the traditional tech growth stocks that most are currently lagging behind.

Looking for early entries and acting quickly becomes all the more important given that many leaders are extending from moving averages such as Excelerate Energy and BTU stocks.

read big picture Every day to stay in sync with market direction and major stocks and sectors.

Follow Ed Carson on Twitter. @IBD_E Carson Stock market updates and more.

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