Dow Jones Futures: Netflix Stock, Microsoft Stock, Salesforce Stock, Visa Stock, Adobe Stock Near Point of Sale

Dow Jones futures fell modest Sunday night, along with S&P 500 futures and Nasdaq futures, among negative China trading talk healdines and ahead of key Chinese economic data. The market rally continued to power higher last week, with the Dow Jones, S & P 500 index and the Nasdaq composite all recovering their 50-day moving average last week. Microsoft (MSFT), Netflix (NFLX), Adobe (ADBE), Salesforce.com (CRM) and Visa (V) is the large capital stock worth watching. Microsoft stock, Adobe stock, Salesforce stock and Visa stock are all within 5% of the correct purchase points. The Netflix share, which sold Friday on mixed results and weak guidance, is far from a current place of purchase, but seems to cut out a new, lower post.

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All five stocks have market caps over $ 100 billion. The Microsoft stock, worth $ 826 billion, is just below Amazon.com (AMZN) of $ 829 billion to the market cap. Adobe and the Salesforce share boast the best possible IBD composite rating of 99. Microsoft shares, Netflix shares and Visa shares all have 96 Composite Ratings.

Dow Jones Futures Today

Dow Jones futures fell 0.35% vs fair value. S & P 500 futures withdrawn 0.3%. Nasdaq 100 futures lost 0.5%. Washington and Beijing are far apart on intellectual theft and transfers, according to a Bloomberg report citing US sources, dimming some optimism about China negotiation talks that have lifted the stock market in recent weeks. The news about IP differences in China negotiation talks is not a surprise. The real question is whether President Donald Trump will accept a China trade deal where Beijing buys much more US goods, or whether he will insist on progress on long-term IP and subsidy considerations.

Chinese GDP and a number of other economic data are due within a short time. The reports are expected to show that the world's second largest economy comes under more pressure at the end of last year. Chinese leaders are working on incentives, but want to avoid the heavy debt, low returns a few years ago.

Remember that Dow futures and other parent actions do not necessarily translate into actual trading in the next ordinary session. US stock markets will be closed Monday for the Martin Luther King holiday.

Stock Market Rally

The rally market looks good, with the major averages that have deleted the key opposition last week in the hope of a Chinese trade deal. It is still unclear whether this stock market rally is just a short-term negotiable rally or the start of a significant upturn over the 2018s. After the Martin Luther King Stock Exchange holiday on Monday, the next key test comes over the 200-day line. Dow Jones is not far from this long-term level, followed by S&P 500 and Nasdaq. Nasdaq's 200-day line is currently around the tech index's 3rd December peak, which will be another test.

But what this stock market rally really needs is several big stocks that break out into shopping zones. More continues to do so, but there has been a slowly increasing drip rather than a flood. Thousands of best stocks are close to buying points, so investors should keep an eye out.

Netflix Stock

Let's get Netflix out of the way first. The Netflix share is currently 19% lower than the June 21 record high of 423.20. It is 12% of its October 2 peak, which can be interpreted as the start of a new cup base. However, Netflix seems to have a handle right. A handle must be flat to downwards and be at least five days long and shake out weak holders. Netflix's proto handle is only 3 days long after Friday's 4% withdrawal. If the Netflix share stays within its current range – it is surely not insured as investors continue to digest the company's revenue and guidance – it will have a proper handle on Wednesday's proximity with a 358.95 point of purchase.

This handle would be above the midpoint of the Netflix file consolidation, either using June 21 or October 2 as the left.

which tracks a stock's performance against the S&P 500 index, recently hit a six-month high.

Microsoft Stock

The Microsoft stock had a failed breakout from a double bottom base on December 3, and then pushed the wider market through December 24. Under the seller-off, the RS line was held in the record area, as the Microsoft stock fell less than the S&P 500 index. But in the stock market rally, the Dow Jones tech giant has gone a bit, although stocks rose 4.8% last week to regain their 200-day and 50-day lines.

The Microsoft stock is now 5% below a 113.52 point of purchase from a cup base starting December 3. Shares are 7% below 116.18 full-time highs from 3 October.

Salesforce Stock

Salesforce stock bottomed on November 20 and did not come close to submitting that level in December in the market. So the software giant's RS line has climbed and hit new heights in the last couple of weeks. Salesforce warehouse recovered its 50-day and 200-day lines on the S&P 500 implementation day on January 4, so it decisively moved over an important resistance area last week. Stocks are now 5% below a 161.29 buy point in a consolidation that goes back to October 1.

Adobe Stock

Adobe warehouse works on a dual-base base with a 260.82 purchase point. The RS line is just around the heights, but has moved sideways since the end of May. The Adobe share moved over its 50-day line last week and recovered its 200-day Friday. Stocks are 5% below the listing.

Visa Stock

View Stock, like Microsoft Warehouse, was arranged a failed double-bottomed attempt on December 3, and then tumbled to an eight-month low by December 24th. But the RS line moved ever higher and continued to increase in the early part of the stock market. Visa stocks have consolidated just over their 50-day and 200-day moving averages over the past couple of weeks. The Dow Jones economic giant now has a 139.58 handle purchase within a consolidation that dates back to 3 December.

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