Dow Futures Up Talking Powell Keeps, Jobless Claims Lid on Gains

Dow Jones is trading up 0.61% at 31774.52

Down Jones Futures, S&P 500, and Nasdaq futures rose overnight with Zscaler (ZS)and DocuSign

The stock market is very volatile on Thursday, ultimately closing near highs. Dow jones setting up a big test of its 50-day moving average currently trading below the 50-day moving average, some stocks are leading the market they are not dependent on it. NBIX stock and Vertex were still working at the close, Centene stock wimped out, and might need a little more strength. BMRN stock showed strong action, closing with a good range but in light volume. The only stock that came on news of an Axonics product milestone is AXNX because this is the only stock closed with a truly strong advance.

Apple (AAPL) retreated a day after launching the new iPhone 14 and other products, Mega caps are struggling in the current market environment, with all trading below 200 MA. Tesla (TSLA) is the only way that moves toward the 200-day MA right now

After the market close, DocuSign (cybersecurity firm Zscaler software specialist) reported better than expected quarterly result

ZS stocks popped overnight, While DOCU stock takes to the air, these reports are a good sign for software stocks and IT stocks.

Dow jones futures today

Dow Jones futures rose 0.2%, Remember that overnight action in Dow jones doesn’t translate into actual trading in the regular stock market session.

On technical fronts, Dow Jones: RSI stood at 42.78 and currently it is trading below all MA except MA (5), so a sell position should be taken with the following target and stop-loss:

Trade Signal: SELL AT 31774.00, TAKE PROFIT AT 31000.00, and STOPLOSS AT 32100.00