Dow Jones futures will open on Sunday evening, along with S&P 500 futures and Nasdaq futures. The stock market rally attempt continues to survive, but the major indexes lost significant ground for a second straight session as Russia’s Ukraine invasion continues to roil markets. The Federal Reserve is set to raise interest rates this coming week with inflation at a 40-year high.
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The time to ramp up market exposure is in a power trend. But right now, the market is in a power outage. The major indexes have been below their 21-day and 50-day moving averages for weeks. The 21-day exponential moving average has been well below the 50-day line for a long time, with both falling sharply. All of that reflects the recent and extended market weakness, despite some brief advances.
Dow Jones giant UnitedHealth (UNH), Regeneron Pharmaceuticals (REGN) and Harmony Biosciences (HRMY)Â are…
