Stock Market Today: Earnings Rally

October 14, 2021, 5:50 pm EDT

Earnings Rally

All indexes carried out a rally today with DJIA gained +535 points or about +1.5% to +1.7% advances across all major indexes. Here is the winner list:

  • Financial: BAC +4.5%
  • Consumer Staples: WBA +7.4%
  • Healthcare: UNH +4.2%

The technology sector took this opportunity to surf the tide higher:

  • Semiconductor: ENTG, NVDA, ASML, LRCX, TER, NXPI. SWKS, INTC
  • Mega caps: MSFT, AAPL, GOOGL

Technically, stock markets are at the edge of getting back full bullish bais near the record high zone if getting another push-up to reclaim its key level at 50 day-moving-average. If it happens, then it should be a signal to get back to the offensive mode. 

At this moment, it is better to be patient because of the lack of leadership and low volume.

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