Along with the S&P 500 futures and Nasdaq futures, Dow Jones futures also decreased marginally on Sunday evening. A significant test is approaching, and the stock market rise enjoyed another good week.
After significant price increases and comparatively low volume over the last few weeks, a market pause wouldn't be unexpected and would even be beneficial. Investors should use caution while increasing exposure.
Exxon Mobil (XOM), a well-diversified oil company, is positioning itself for potential entrances as energy equities once again take the lead. Several significant competitors are reporting this coming week, but Costco Wholesale (COST) has a cup-and-handle base. UnitedHealth (UNH) has made another entry by trading closely within a purchase zone. As the AAPL stock outperforms other megacaps, Apple (AAPL) is getting closer to a breakthrough. Microsoft (MSFT) is approaching its 200-day line, which may be an opportunity to initiate a position.