Putting 2 Technical Indicators to the Test

Investors are unpacking plenty of household name earnings this morning

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Schaeffer's Opening View
2/10/2021
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Stocks Futures Ready to Resume February Rally


By: Laura McCandless

After yesterday's pullback saw winning streaks snapped, Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) futures are once again on the rise before the bell. Nasdaq-100 Index (NDX) futures are higher as well, coming off a fourth-straight win and record close. So far today, investors are cheering quarterly reports from the likes of Coca-Cola (KO), Twitter (TWTR), and Under Armour (UAA). There's also encouraging economic data; the consumer price index (CPI) rose 0.3% in January, in line with analyst estimates. 

Continue reading for more on today's market, including:

  • Two technical indicators for bulls, according to Schaeffer's Senior Quantitative Analyst Rocky White. 
  • This red-hot cannabis stock has room to run. 
  • Plus, more on Coca-Cola's report; Match Group makes a big acquisition, and analysts fly to Twitter stock.  
Share on Read More...
     

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