Avoid this risk as the bear market intensifies; Five key stocks

Down Jones’ futures open on Sunday night with the S&P 500 futures and Nasdaq futures. Bitcoin continues to fall by $ 20,000 on Saturday as cryptocurrency problems continue.




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The bear market intensified last week amid growing fears that the Federal Reserve’s economy could be reversed to control inflation.

As the major indexes plummet to pre-covide levels, investors need to be on the sidelines. Don’t miss out on one-day reps like Technology Friday. Instead, be prepared for the next step.

Not many shares are held, but here are five who do reasonable work: Tesla (TSLA) rival By (BDF), Vertex Pharmaceuticals (VRTX), Fertilizer and Lithium Gaming SQM (SQM), Eli Lily (LLY) and Improve power. (ENPH)

They all have lines of strength at or near the heights. The RS line, the blue line in the charts, tracks the performance of a stock with the S&P 500 index.

BYD stock is next to the traditional shopping mall. SQM Stock is gaining 50-day online support after making a huge profit. The ENPH collection returned that key level on Friday. Vertex and Lily Lily are not below their 50-day lines.

LLY Collection is on the IBD board. Ellie Lily and SQM are on IBD 50. BYD was the Friday IBD stock of the day.

The video included in this article discusses weekly market action and analyzes BYD, SQM and Enphase stocks.

Bitcoin Coins

Bitcoin broke below $ 20,000 on Saturday, below the psychological key, a hot 18-month low.

Bitcoin is currently trading at more than $ 19,000, the highest of $ 68,990.90 by November 2021 and an estimated one-third drop since June 11.

The biggest cryptocurrency fell to $ 18,739.50 on Saturday morning, falling sharply below its December 2017 high.

Other crypto currencies are falling more or more.

In the wake of the general inflation and economic downturn, investors have fled risky assets. In recent weeks, many crypto lenders have stopped withdrawing money.

Dow Jones Futures Today

Doomsday’s future is set to open on Sunday at 6 pm ET, with the S&P 500 futures and Nassadak 100 futures.

U.S. markets will close on Monday due to June 10, but other exchanges around the world will remain open. The Dow trades regularly next Monday.

Remember that overnight action will not be translated into actual trading in the Dow and other regular stock market sessions in the future.


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Stock Market

The stock market was once again hit hard, with major indexes declining sharply for more than a year.

Dow Jones Industrial Average traded lower by 4.8 percent last week. The S&P 500 index is down 5.8 percent. Nasdaq composition decreased by 4.8%. Little hat 2000 2000 fell 7.5%.

The 10-year Treasury output rose 8 points to 3.24 percent. On Tuesday, 10-year production rose 3.48%, the 11-year high.

U.S. crude oil futures fell more than 9 percent to $ 109.56 a barrel, resulting in a seven-week loss. The future of gasoline is also in jeopardy. Natural gas prices fall.


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ETFs

Among the best ETFs, the Innovator IBD 50 ETF (FFTY) plunged more than 12 percent last week, with Innovator IBD Breakout Opportunities ETF (BOUT) slipping 9.1%. The iShares Expanded Tech-Software Sector ETF (IGV) fell 5.1 percent. The VanEck Vectors Semiconductor ETF (SMH) lost 8.1 percent.

The SPDR S&P Metals & Mining ETF (XME) traded up 10.4 percent last week. Global X US Infrastructure (PAVE) fell 8.6 percent. US Global Jets ETF (JETS) fell 8.9 percent. The SPDR S&P Homebuilders ETF (XHB) is down 11.4 percent. Energy Choice SPDR ETF (XLE) fell 17.2% and Financial SPDR ETF (XLF) fell 4.8%. Healthcare Select Sector SPDR Fund (XLV) lost 4.5%, with both Lily and VertX shares.

The ARK Innovation ETF (ARKK) fell 3.3%, rebounding to its lowest level and still not falling lower by the end of May, reflecting more historical stocks. ARK Genomics ETF (ARKG) has fallen below 1% after setting a new two-year low. Tesla remains a major investor in Ark Invest ETFs. The box has little place in the BYD collection.


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BYD Stock

BYD shares rose 4% on Friday but fell 4.1% to 37.45 for the week, signaling a five-week winning streak. The stock traded up 39.81 points on a weekly chart. With such a deep foundation – 48% – the risk of failure is high. Long sleeves, especially long ones with a solid foundation of its own, will be constructive.

However, with the redevelopment of Chinese EV shares – and Chinese stocks listed in the US as a whole – BYD shares may not remain in the park for long. Neo (NIO), Exposing (XPEV) and Lee Automobile (LI) is coming to an end, Lee Auto is approaching the top.

BDD Home Battery and Chip Operations has allowed the company to move away from the supply chain and China Cove Lock, accelerating its huge sales growth with huge capital expenditures over the past 18 months. Hybrid and plugin hybrid sales outperform Teslan EV-only sales in the second quarter and could continue to lead.

Tesla shares fell 6.7 percent to 650.28 percent last week, down from the end of May.


Tesla Vs. BYD: Which EV is the best buy?


Infaz Stock

Infaz stocks fell 5.8% last week to 184.90. Friday’s 8.9% gain rebounded ENPH shares above the 50-day and 200-day lines. In early June, it hit 193 with a buy point of double due to a double-digit start. But the handle is now on, with a 217.33 buy point higher than June 8. Remember that the Enphase collection has great daily activities. While solar stocks paid off in the name of oil and gas on Friday, that may not be sustainable.

ENPH stock and SolarEdge Technologies (SEDG) were still among the top S&P 500 performers on Friday. SEDG shares regain 50-day line, working on a cup-to-glove basis.

Vertex Collection

Vertex shares rose 3.2% last week to 253.09, nearing a 50-day gain of 4.8% on Friday. 276.10 The point of buying a cup by hand is no longer valid, so the official entry is 292.85. But investors can use 279.23 as a starting point.

Eli Lily Stock

The tortoise stock fell from 2.15 to 390.90 last week, hitting a 50-day resistance on Friday. Strong activity over the 50-day line may give LLL stock an early entry. 314.10 Primary Flat-Base buying point is worthless, but Lily Stock is in the process of creating another consolidation.

SQM Stock

SQM stocks fell 6% to 90.29 last week, but rose on Friday after gaining 50-day support. The stock has lost 27% of its 90.97 buy point in the last few weeks. But a strong return from the 50-day line could provide a SQM stock entry.

SQM and BYD are both key players in the Global X Lithium & Battery Tech ETF (LIT) with Tesla.

Market Analysis

Severe market correction – for the S&P 500 and Nasdaq bear markets – continued to worsen last week.

Friday’s mixed action was not very encouraging. Yes, the Nasdaq and S&P 500 were up on Friday, so technically one day for those two indexes is the stock market test. But just fix the big weekly losses.

The S&P 500, Dow Jones and S&P 500 have all reached their worst levels since the end of 2020.

Although the market is coming up a few days later, there are still many reasons to doubt and few stocks to buy.

The Oil and Gas Sector, the Sustainable Market Strength Area, collapsed this week, with many big winners lighting up sales signals. The sector may not end, but it was a character change, the charts were damaged.

While some stocks, such as BYD and SQM, are nearing completion and other names such as Vertex, Lily or Enfas can be fun with a few solid sessions, many potential leaders may take weeks of maintenance. And this’s new market paradigm is in full swing.

Now, the stock market is likely to be low. An economy that is on the verge of collapse while the Federal Reserve is in a strong consolidation cycle is not a good place for stockholders.

The main indexes are all close to the covide-covide heights. That potential can provide support, but it should not be taken for granted. Russell 2000 is already cutting that key step.


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What to do now

Investors have no reason to invest, and even energy stocks are flashing signals. The only difference is the long-term exposure of the winners.

Still, it is important to look at the market and prepare for the next growth.

Now is the time to update your tracking details. Get your pens, not your pens. Look for stocks with strong relative strength, especially if you have key support levels. But many stocks with strong RS lines now have ugly charts.

Read The Big Picture daily to keep up with market trends and leading stocks and sectors.

Please follow Ed Carson on Twitter @IBD_ECarson For stock market updates and more.

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