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Is Uptrend More Than Bear Rally? Apple Leads 4 Dow Stocks

in Markets

Dow Jones futures fell modestly Monday morning, along with S&P 500 futures and Nasdaq futures, but Disney (DIS) spiked as Bob Iger returned as CEO.The stock market rally held support levels last week. Now can the S&P 500 move above its 200-day moving average in the coming days and weeks? Apple (AAPL) could be key.

Apple stock held key levels and rose modestly even as the overall market generally retreated. Like the S&P 500, the iPhone tech titan is coming back toward its 200-day line. A decisive move above that level could offer a buying opportunity. But another rejection could offer another chance to short AAPL stock.
Meanwhile, fellow Dow Jones components Boeing (BA), JPMorgan Chase (JPM) and GS stock have quietly been on significant runs in the past several weeks, contributing to the Dow’s outperforming in the current market rally. BA stock technically is right around a traditional buy point. Goldman Sachs (GS) is forging a deep base while JPM stock still has work to do.

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