Stocks Rebound with Buy Signals Flashing - Key Inflation and Earnings Reports Ahead
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Dow Jones futures will open Sunday evening along with S&P 500 and Nasdaq futures, after a bullish reversal on Friday.
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Nvidia, Meta Platforms, Arista Networks, and several other stocks flashed buy signals on Friday. Leading stocks like Tesla rebounded as well.
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Investors should get watchlists ready and be prepared to add exposure if the market rally continues acting well. But be ready to pull back if stocks falter again.
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In the week ahead, key reports include CPI inflation, PPI inflation, and the start of earnings season with banks and airlines.
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The major indexes and leading stocks showed renewed strength Friday despite 10-year Treasury yields approaching 5% earlier in the week.