Dow Jones Futures Rise, Bitcoin Hits High; Trump issues orders after inauguration

On By Littum

Dow Jones futures rose modestly early Monday, along with S&P 500 futures and Nasdaq futures, while Bitcoin hit a record high ahead of Donald Trump’s inauguration, where the president-elect is expected to issue a flurry of day one executive orders. The American markets are closed.

The stock market rally looks strong, with the Nasdaq and S&P 500 back above their 50-day moving averages and many executives flashing buy signals. The video embedded in the article analyzes the weekly market action in depth, reviewing Viking stock, ServiceNow, Amazon and more.




↑
X



NOW PLAYING
Stocks Rise Into Trump 2.0; Viking Holdings, ServiceNow, Amazon.com in focus



Dow Jones Futures Today

Dow Jones futures rose 0.5% relative to fair value. S&P 500 futures rose 0.5% and Nasdaq 100 futures rose 0.6%.

Futures are now closed, but will reopen at 6 p.m. ET. US stock and bond markets are closed on Monday for the Martin Luther King holiday.

Crude oil fell more than 1 per cent.

Bitcoin is over $107,000. Overnight, it reached $109,000, an all-time high, on Trump optimism.

President-elect Trump launched his own cryptocurrency on Friday night. The $TRUMP meme coin has surged in value, with Trump companies controlling about 80%. Melania Trump has launched her own meme coin, $MELANIA.

TikTok resumed operations on Sunday after Trump said he will issue an executive order giving the Chinese-owned video app a temporary reprieve from a law banning it.

Keep in mind that overnight action in Dow futures and elsewhere does not necessarily translate into actual trading in the next regular trading session.

These stocks are building big gains as Trump threatens

Trump Executive Orders

Trump will be sworn in at 12pm ET. He is expected to issue 100 or even 200 orders on day one.

Trump’s orders are expected to cover everything from energy policies, deportations, bitcoin and more, as well as his promised TikTok order.

The next president will declare a “national energy emergency” to give himself greater legal authority to increase production and cut costs, an incoming White House official told reporters Monday. Trump is also set to issue an order specifically to allow increased production from Alaska.

They can have a big impact on Wall Street, especially specific sectors and stocks. But markets may have already priced in much of this news.

Join IBD experts as they analyze leading stocks and the market on IBD Live

Stock market rally

The stock market rally showed strong action last week. Government yields tumbled on tame inflation data, while strong earnings also supported the major indexes.

The Dow Jones Industrial Average rose 3.7% in last week’s stock market trading, briefly topping the 50-day moving average on Friday. The S&P 500 rose 2.9% and the Nasdaq composite 2.45%, both moving above their 50-day lines on Friday.

The small-cap Russell 2000 jumped about 4% but is still below the 50-day mark.

Invesco S&P 500 Equal Weight ETF (RSP) and The First Trust Nasdaq 100 Equal Weighted Index ETF (QQEW) also rebounded from their 200-day lines, jumping 3.9% and 3.7% respectively for the week. The RSP is just below the 50-day mark, while the QQEW cleared that key level for the first time in a month.

All key indices and balanced ETFs are still in ranges going back to December.

More bullish, leading stocks across a wide range of industries are behaving well.

Tesla (TSLA), ServiceNow (NOW), Vertiv (VRT), Amazon.com (AMZN) and Broadcom (AVGO) flashed buy signals. Goldman Sachs (GS), Energy transfer (A), Viking cruises (LEAVE) and Quanta Services (PWR) are also active together with several of their respective peers.

AI giant Nvidia (NVDA) rose modestly for the week but is still below the 50-day mark.

The 10-year Treasury yield fell 16 basis points to 4.61%, supporting Tuesday’s 52-week intraday high of 4.81%.

U.S. crude futures rose 1.7% to $77.88 a barrel last week, but off midweek highs above $80.

Bitcoin shot up to 104,767.70 as of Friday at

Cruise lines sail on lofty goals, require strength. One breaks out.

Tesla stock

Tesla shares rose 8.05% to 426.50 last week, rebounding from the 10-week line and breaking a downtrend within a brief consolidation. It could have a new base after one more week with a potential buy point at 488.54. Tesla’s earnings are expected Jan. 29, focusing on Elon Musk’s latest timelines for self-driving, the “affordable” EV model and more.

Musk is a huge supporter and advisor to Donald Trump.

Other stocks in buying zones

ServiceNow, Broadcom, Amazon, Quanta Services, and Vertiv all stock flashed early entries within bases.

Viking stock, Goldman Sachs and Energy Transfer are breakouts.

Time the Market with IBD’s ETF Market Strategy

What to do now

The stock market rally is on the upswing with strong bullish signals. This may still be a short-term move in a choppy trend, but right now the action in the indices and especially leading stocks is positive.

Investors should benefit by adding exposure gradually. Look to buy stocks beyond artificial intelligence and technology, given the breadth of leadership right now.

Work on your watch lists, scan for the stocks and sectors that are leading and creating. But be ready to cut back if the market pulls back.

The Trump inauguration could be a buy or sell news event.

Earnings season will ramp up further this week, with Netflix (NFLX), GE Vernova (GIVE), GE Aerospace (GE) and American Express (AXP) among the many notable names.

Nvidia stock is on fire IBD Leaderboardwith Tesla stock on the Leaderboard watchlist. Viking, ServiceNow, Goldman and Amazon stocks are on SwingTrader. Broadcom, Quanta Services and Vertiv shares are on IBD 50. Vertiv, Broadcom and ServiceNow shares are on IBD Big Cap 20.

ServiceNow was Friday’s IBD Stock of The Day. Broadcom stock was Thursday’s pick.

Read The Big Picture every day to stay in sync with market direction and leading stocks and sectors.

Please follow Ed Carson on Threads at @edcarson1971 and X/Twitter at @IBD_ECarson for stock market updates and more.

YOU MAY ALSO LIKE:

Why this IBD tool simplifies the search for top stocks

Catch the next big winning stock with MarketSurge

Best growth stocks to buy and watch

IBD Digital: Unlock IBD’s Premium Stock Lists, Tools and Analysis Today

How to invest: Rules for when to buy and sell stocks in bull and bear markets

Broadcom, Goldman Sachs Lead 5 Stocks in Buy Areas