Dow Jones Futures: Five Top Stocks With New Bases, Buy Points As Market Rally Hits Key Level

Dow Jones futures fell sharply on Sunday night, as did S & P 500 and Nasdaq futures, owing to weak trade in China. With the 2019 stock market rebound at a key level, more important stocks have formed bases with adequate buying points. Cisco, Workday, McDonald's, Xilinx and Bilibili shares have a solid foundation on Friday.

Workday (WDAY), McDonald's (MCD), Xilinx (XLNX) are all within 5% of the points of purchase. Bilibili (BILI) benefits from a reduction of 8% to its maximum value. Cisco Systems (CSCO), a Dow Jones component like McDonald's stock, still has a lot of work to do. Workday and Xilinx shares are shares of the IBD Leaderboard Watchlist, with Xilinx also on the IBD 50 list.
Dow Jones Futures today

Dow Jones futures declined 0.9% from fair value. The S & P 500 Index futures lost 0.9%. Futures on the Nasdaq 100 fell 1%. Chinese exports were weaker than expected in December, raising fears of the world's second-largest economy in the midst of a trade war between the United States and China. Chinese exports fell 4.4% in dollars, with imports of 7.6%.

Remember that Dow's futures and other day-to-day actions do not necessarily translate into actual transactions at the next regular session.

Citigroup begins banking on Monday, followed by JPMorgan Chase (JPM) and Wells Fargo (WFC) on Tuesday. Citigroup (C) earnings are expected to rise 23 percent to $ 1.57 a share, up 2 percent to $ 17.65 billion. The global results season is recovering with Netflix (NFLX), Delta Air Lines (DAL) and American Express (AXP) among other notable reports this week.

2019 Stock Market Rally

The stock market rally of 2019 showed more vigor last week. An intraday reversal on Thursday yielded modest gains, while intraday withdrawal on Friday resulted in fractional losses, simply cutting weekly gains. Nasdaq's compound is just below its 50-day moving average, closely followed by the Dow Jones and S & P 500. The 50-day line could be a resistance as bears try to stop bulls to progress.

A slight decline in a few days would allow the market to take a break and allow more actions to be found in bases or sleeves. The risk, of course, is that a setback would jeopardize the 2019 stock market rebound.

Main actions configured with outlets

With the rebound in the stock market up, the major stocks sold during the correction, especially the breakneck sales in December, had the opportunity to recover and consolidate near the outlets. Cisco, Workday, McDonald's, Xilinx and Bilibili shares have just been finalized on Friday.

Cisco Actions

On December 3, Cisco shares attempted to get out of a cup with a handful and found themselves above the 48.54 entrance. But that day proved to be a peak of the stock market in the short term. Cisco shares have returned to their lows, reaching December 24 with the market in general.

Cisco shares now have a consolidation with a purchase point of 49.24. But stocks have not recovered much in recent weeks. Cisco's shares are 11.5% lower than this value and remain below their 50- and 200-day moving averages. In fact, the relative strength, which tracks the performance of a stock against the S & P 500 Index, has had a slightly lower trend since Christmas.

Workday  stock

Workday shares took off from a base on November 29 after the sharp rises. But with the short-term stock market recovery after Dec. 3, the Workday stock declined, ultimately invalidating the buy point by 157.22.

It could have been said to be a stock market correction, taking into account that Workday had found support in its 50-day line and that its RS line was still at high levels.

In all cases, the shares of Workday have recovered and have a solid base of cuvettes with a purchase point of 172.77. Shares closed Friday at 167.46.

McDonald's stock

McDonald's shares got a bag purchase point with a handful of 172.10 on October 23rd and stayed at 190.88 on November 29th. The shares fell to 169.04, eliminating a double-digit advance. McDonald's shares recovered, claiming their 50-day line last week. Now, it has a flat base in a basic pattern on the base, with a purchase point of 190.98.

Xilinx Action

Xilinx shares are one of the few bullish chip makers, although they were the leaders in the 2019 stock market rally. Stocks reached a high of 18 on December 3, but then been sold to the stock market correction, below the 50-day line. Xilinx's shares were recovered after Christmas and quickly recovered their 50-day limit. As of Friday, he has a cup bottom with an entry of 95.28.

The RS line remained at high levels during the mass sale and during the recovery after Christmas.

Bilibili Stock

Bilibili was part of the trio of Chinese consumer IPOs since the first half of 2018. But, as iQiyi (IQ) and Huya (Huya) start to recover, Bilibili stood out, especially among international networks. Bilibili's shares broke the consolidation in a brief and haphazard way at the end of November, but fell slightly in December. The shares have not really fallen and have been recovered since early January.

The Bilibili stock now has a purchase point of the cup base of 16.84. The shares closed Friday at 15:36.