Market Breadth Offering Up Buy Signal

Dow futures are up triple digits

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Schaeffer's Opening View
7/21/2021
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Dow Futures Rally as Blue-Chip Earnings Pour In


By: Lillian Currens

It's a mixed day for markets this morning. Dow Jones Industrial Average (DJI) futures are poised to expand on yesterday's rally, S&P 500 Index (SPX) futures are eyeing more modest gains, and futures on the Nasdaq-100 Index (NDX) have turned slightly lower. Several blue-chips, including Coca-Cola (KO) and Verizon Communications (VZ), posted impressive quarterly earnings reports, though Netflix (NFLX) was not so lucky. The FAANG name reported a disappointing subscriber forecast, pushing the stock lower premarket and keeping a lid on tech. Meanwhile, the 10-year Treasury yield is slightly higher, last seen at 1.23%. 

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

  • Schaeffer's Senior Quantitative Analyst Rocky White breaks down market breadth
  • The bank stock that's poised for a bounce. 
  • Plus, JNJ hikes forecast; CMG surges on revenue growth; and SAP sees sunny days ahead. 
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