Dow Jones Futures: Market Rally Keeps Sliding; Tesla Shanghai Eyes Restart, Twitter OKs Poison Pill Vs. Musk

The future of Dow Jones will open on Sunday evening, as well as the future of the S&P 500 and the future of the Nasdaq. The stock market meeting lost another week, with Nasdaq leading the way in declining as Treasury yields continue to grow.

What is your next game plan? Be careful with new purchases, focusing on the best categories. The salary season adds even more uncertainty.

Tesla (TSLA) is making headlines for its big results week, and the EV giant is also reportedly planning to restart its Shanghai factory soon. Meanwhile, Tesla CEO Elon Musk's request on Twitter (TWTR) took another joke on Friday as the communications company made provision for a "toxic pill" to block him.

Expedia (EXPE), Cheniere Energy (LNG), Merck (MRK), Edward Lifesciences (EW) and Check Point Software (CHKP) are five stocks near shopping malls from strong market forces. EXPE stock is part of the latest tourism revival. LNG stocks are at the forefront of the hot energy sector. Merck stock and Edward Lifesciences are part of the healthcare industry. CHKP stock is a leader in the field of cybersecurity, a single technological standpoint.

The Tesla stock, on the other hand, operates in the area of ​​a cup holder, but the chart is tarnished by the benefits that are part of the many risks involved.

Dow Jones Futures Today

The Dow Jones futures open at 6pm ET on Sunday, as well as the future of the S&P 500 and the future of the Nasdaq 100.

US stock markets closed April 15 on Good Friday. Stock markets in Europe, Australia and Hong Kong are closed on Friday and will remain closed on Monday.

The People's Bank of China on Friday reduced the minimum deposit requirement of banks by 25 points from April 25 to strengthen the economy amid widespread closures. However, it has kept its one-year-old loan rate at 2.85%, which has surprised many economists.

Keep in mind that the night action in Dow futures and elsewhere does not translate into real trading in the next stock market.

Stock Market Rally

The stock market meeting has had major and daily strides in the short term, but the overall trend is still bleak. The Dow Jones Industrial Average fell 0.8% in last week's stock market trading. The S&P 500 index fell 2.1%. The Nasdaq combination lost 2.6%. Little Russell 2000 earned 0.5% profit.

Treasury's 10-year harvest of 12 points reached 2.83%, reaching the highest level since the end of 2018.

The future of US crude oil rose by almost 9% to $ 106.95 a barrel last week. The European Union is making plans to shut down Russia's crude oil refinery, reports The New York Times on Thursday, a move that Germany is especially grappling with. The EU reportedly will not officially discuss Russia's blockade until the final round of voting for the French president on April 24. If the EU continues, green prices could rise. The EU relies heavily on Russia's natural gas.

ETFs

The SPDR S&P Metals & Mining ETF (XME) rose 7.3% last week to a very high level. Global X U.S. Infrastructure Development ETF (PAVE) increased by 1.4%. The U.S. Global Jets ETF (JETS) increased by 8%. SPDR S&P Homebuilders ETF (XHB) is closed just below the breakup. Energy Select SPDR ETF (XLE) is up 0.4% and Financial Select SPDR ETF (XLF) is down 2.6%. Health Care Select Sector SPDR Fund (XLV) lost 2.9%, but from a very high level.

It shows the most speculative news stocks, ARK Innovation ETF (ARKK) and ARK Genomics ETF (ARKG) both fell 2.7% last week. Tesla stock remains No. 1 owning all assets of Ark Invest.

Tesla Stock

Tesla's stock dropped nearly 4% last week to 985, after losing more than 5% last week. The good news is that the handle now has a certain depth, which is likely to shake some of the weaker holders after TSLA stocks tightened at the end of March. But the chart is deep and dirty. A long handle, with strong action, can allow large averages to continue to hold.

Tesla's earnings are due Wednesday night. Investors can expect strong annual growth, but they will probably be looking forward to it. They will be looking for new tracks on Tesla Cybertruck, Semi and other brands. But they may not get it.

Shanghai industry closed due to Covid restrictions from March 28, but the EV giant intends to resume production soon. Resumption of production could begin on Monday, Reuters reported on Friday. Bloomberg said on Saturday some workers would enter the "closed" system, living on site.

Both reports say Tesla has the approval of local government, with Shanghai issuing "closed loop" guidelines. Both reports indicated that if everything went according to plan, production would increase slightly. Supply chain problems can limit or delay output.

Tesla is already heavily declining in production for the second quarter, with even Berlin and Austin plants growing slowly.

Musk-Twitter News

At the same time, Tesla CEO Elon Musk’s unplanned $ 43 billion, Twitter’s 54.20-a-share bid (TWTR) could also be booming. If Musk buys Twitter, he may sell another portion of TSLA stock to pay.

On Friday, the Twitter board made provision for a "toxic pill" to make it harder for Musk to buy the company. The condition is that if any person or company buys more than 15% of TWTR stock, other shareholders may purchase additional shares at a discount. Musk currently owns 9.1% of TWTR stock. (Read More)

While Musk's request is much higher than the TWTR traded before he unveiled his stake, it is well below the 80.75 Twitter average set in February 2021.

Musk is determined to bring in partners through his Twitter bid, according to several reports. That would reduce the number of Tesla shares it would need to fund the purchase.

Stocks You Can View

EXPE stock increased 6.5% to 191.55 last week, and sought its 50-day line. Expedia stock has a cup holder with a handle of 204.08, according to MarketSmith analysis. Investors can use a trending slope that rises from the top of the base to gain early entry in the 195's.

Expedia stock has an average of three digit prices to earnings. High-value P-E stocks have not performed well in recent months. However, with Expedia earnings expected to increase by 364% it may be different.

Expedia stock grew Wednesday-Thursday and several other Delta Air Lines (DAL) profit margins and direction Wednesday, the network company said commuters had not yet reduced their high fare. Hilton Worldwide (HLT) and Marriott International (MAR) cleared official purchase points on Thursday, at least during the day, after crossing early entries on Wednesday.

The EXPE's related stock power line is at a high level of integration, which can be a concern. Marriott and Hilton RS lines are located at or near the surface. Related power lines, blue lines on the given charts, track stock performance compared to the S&P 500 index.

Stock costs LNG

LNG stock fell 3.2% to 139.53 last week, but also rose from its 21-day moving average and 10-week line. This is the second or most likely 10-week trial in the Cheniere Energy stock market, but investors can use it to start a small business or add a few shares. LNG stock may be in the process of building a new foundation. The RS line is just below the height.

Cheniere Energy is expected to deliver massive profits in 2022 as demand for liquefied natural gas skyrockets around the world, especially Europe. The Russia-Ukraine crisis is spurring further interest, though a Russian gas embargo is not on the table for now.

Merck Stock

Merck stock fell 0.9% to 86.91 last week, standing after a slight rise to the right of the cup base. MRK stock has 91.50 stocks at the moment, but could have a handle on the daily chart after Monday, offering 89.58 entry. Technically, Merck stock now has a handle on the weekly chart, but it is no longer visible. Ideally, Merck stock can form a long, slightly deeper handle to move weaker handles. But the RS line is already at a high level of 52 weeks.

EW Stock

Edward Lifesciences' stock fell 3.15% to 120.02 last week. In the daily chart, the EW stock has a cup base with a buy point of 131.83. After Monday, it could have a handle with an official purchase point of 125.21. That handle is already in the weekly chart. The RS EW stock line is already high again.

Manufacturers of medical equipment and products should see a greater need as electrical processes return with a reduction in Covid.

Stock costs CHKP

Check Point Software stock lost 4 cents to 142.78 last week, trading heavily in the past few weeks. CHKP stock is in a combination that can be considered a flat or shallow base for a cup with a handle. The place to buy a cup with a handle is 145.64. A downward trendline from the top of March could offer a slightly lower entry.

The current foundation has followed a long consolidation, no doubt going back to early 2021.

Check Point earnings growth is small, and is not expected to be much better. But CHKP stock has a low level of P-E. Palo Alto Networks (PANW), a fast-growing, high-speed P-E cybersecurity game, also looks good.

Market Rally Analysis

The stock market meeting continues to grow separately. The Nasdaq pair fell sharply after falling below its 50-day line last week. The S&P 500, now apparently less than 200 days, has dropped below 50 days too.

The wide-ranging goods sector, medical and defense firms are leading the way. Insurance brokers and REIT holders well. Travel names are back again, green prices are coming from their March peaks and buyers are moving away from goods and willing to pay higher fares.

But Nasdaq lost more than half of its profits by the end of March. Apple (AAPL) and Tesla hold OK, but they don't look particularly attractive. As for other megacaps, Microsoft (MSFT), Nvidia (NVDA) and Google parent Alphabet (GOOGL) are approaching a recent decline. Amazon.com (AMZN) and Facebook parent of Meta Platforms (FB) have been struggling for months.

The level of growth is difficult for the most highly developed growth stocks. TSLA stock is booming, but this market has not treated the wolf's single-breed games kindly.