Stock futures steady after DJIA closed above 43,000 first time

The stock market situation is bullish and the futures are slightly lower but stay near record highs. The bullish situation continues as traders bet on strong company performance where inflation turns lower. Traders will continue to hold their long positions in stocks and are ready to add more long positions when a bearish correction occurs. Today, traders will focus on the earnings releases from Goldman Sachs (GS), Bank of America (BAC), and Citigroup (C) which should provide some volatility in the market.

Technical Analysis

Dow Jones Industrial Average (INDU)

DJIA continues the upward movement without any pullback yet. The index is printing new record highs and is set to continue the bullish movement toward the Fibonacci extension point. As the index continues moving bullishly, traders who hold long positions in stocks will continue to hold the positions. When the index starts a bearish correction, traders could use it as a chance to add more long positions at a lower level.

Oklo Inc (OKLO)

OKLO share prices might be at a crucial level where a breakthrough from it will confirm a bullish continuation for the long term. At the current time, the share prices are trading near the daily SMA 100 & 200 and the $10.00 handle. In the previous bullish attempt, the share prices managed to break above all of the level. If the share prices can bounce upward with strong momentum then we will see a bullish continuation toward $11.00 and $12.00 levels.