7:38 PM ET
Dow Jones futures fell sharply Sunday, along with S&P 500 futures and Nasdaq futures, suggesting the major averages will move toward recent stock market correction lows on Monday. Last week, the Dow Jones, S&P 500 index and Nasdaq composite all lost at least 4.5%, putting the stock market rally under severe pressure. The relative strength line helps identify stock market leaders and laggards. It's a useful investing t watch lists. Tesla stock has an RS line hitting highs as it tries to break out. But don't buy just on the RS line, as Apple stock, Boeing stock and Visa stock have shown.
Apple (AAPL), Boeing (BA) and Visa (V) are all Dow Jones stocks.
Dow Jones Futures Today
Dow Jones futures fell 0.8% vs. fair value. S&P 500 futures fell 0.7%. Nasdaq 100 futures lost 0.7%.
Dow futures, Tesla stock and other overnight action don't necessarily predict actual trading in the next regular session. Still, futures suggest that the Dow Jones and S&P 500 index are moving close to their October stock market correction lows, while the Nasdaq is approaching its November nadir.
Last week, the major averages started off with solid gains Monday. But then the stock market suffered wild, painful losses, with the Dow Jones losing 4.5% for the week and the Nasdaq 4.9%. The S&P 500 index skidded 4.6%, still above Oct. 29 intraday low but ending the week at a 7-month closing low.
U.S.-China trade talks hopes waned on news that Huawei CFO Meng Wanzhou was arrested on Dec. 1 by Canada at America's request. China summoned the U.S. ambassador to Beijing on Sunday to protest the action.
Weak economic data from China and Japan as well as Brexit chaos also aren't helping to calm investors' nerves....MUCH MORE
