DJIA futures up more than 100 points tracking strong global earnings performances

A streak of better than expected earnings result is the major driver of the current bullish sentiment before the market open. Facebook, United Parcel Service, 3M, and General Electric all deliver strong results and all share prices gained before the market opened. Today, traders and investors will observe major earnings result from Alphabet, Microsoft, Twitter, Advanced Micro Devices, and Robinhood.

Technical Analysis

Dow Jones Industrial Average (INDU)

A new record high and a new record high each day is on the line. Today DJIA index futures show more than 100 points gain before the market open. Traders and investors seem optimistic that the economic recovery is on track. Technically, we are at a record high and will let the index continue its bullish run while waiting for a bearish correction.

AMC Entertainment Holding(AMC)

AMC’s share prices seem to have broken from the triangle pattern shown on the daily chart. It might continue lower and target the daily SMA 200 where traders could consider long positions when the bearish pressure recedes. On the upside, a close above the bearish trendline might trigger more bullish pressure to reverse the current bearish trend.