Dow Jones Futures Rise: Still A Bear Market Until Proven Otherwise; Netflix, Tesla Earnings Ahead

Early on Monday, Nasdaq futures, S&P 500 futures, and Dow Jones futures all saw moderate gains.

The major indices hit bear market lows last week before sharply rebounding on Thursday, despite a strong inflation report. On Friday, stocks started to decline as Treasury yields increased.

The major indices are all in significant downtrends while a market rally attempt is still going on. 

Stocks with flashing buy signs or setups often break. Investors need to exercise caution until the market demonstrates true evidence of strength.

In the upcoming week, Netflix (NFLX) and Tesla (TSLA) will report their top results. The price of TSLA shares is now at 52-week lows.

Although the NFLX stock has formed a bottoming basis, it still confronts formidable overhead opposition.


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