Post-Expiration Week Market Musings

The Dow added 586 points in yesterday's session

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Schaeffer's Opening View
6/22/2021
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Stock Futures Inch Lower, Bitcoin Drops


By: Laura McCandless

Stock futures are struggling to extend yesterday's strong rebound this morning, with Dow Jones Industrial Average (DJI), S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures all marginally lower. Investors are eager to unpack testimony from Federal Reserve Chairman Jerome Powell before the House of Representatives later this afternoon, where inflation concerns will likely be addressed. Elsewhere, Bitcoin (BTC) is falling once again, breaching the psychologically significant $30,000 level as China continues its crackdown against the enigmatic cryptocurrency. 

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

  • The SPX “tri-star” doji bearish pattern could be closer to the backend, says Schaeffer's Senior V.P. of Research, Todd Salamone. 
  • Digging into Intel stock's options surge
  • Plus, GameStop stock soaring once more; CRWD upgraded; and PLUG's quarterly report. 
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