Facebook stock and Goldman Sachs are finding support in buy zones.The stock market rally had a whipsaw session, with the major indexes tumbling at the open.
Apple stock and Goldman are on Dow Jones components.Join IBD experts as they analyze actionable stocks in the stock market rally on IBD Live.The stock market rally finished relatively well, but Tuesday still ended in the loss column.
On a weekly chart, TSLA stock tested its 40-week line for the first time since late 2019.Holding the 40-week and 200-day lines will be important for Tesla stock.
As the ultimate "story stock" of 2020, Tesla could reflect and fuel further weakness in that space, or inspire a rebound.
Still Apple stock is below its 50-day line while the RS line is also near recent lows.FB stock rose 0.2% to 306.53, rebounding from its 10-week line and holding the 300 level.
Facebook stock gave up all of its recent post-earnings gain but is in buy range from a 299.81 handle buy point initially cleared on April 1.
The RS line for FB stock is near 2021 highs, but still well off its late 2020 peaks.Nvidia stock eked out a 0.3% gain to 572.25 after rebounding from its 50-day line.
NVDA stock could flash an early buy signal if it retakes its 21-day line and breaks a downtrend.
But, like Apple stock, its RS line is not inspiring.
But the RS line for HZO stock is still near highs.
A 107.74 buy point is still valid, but investors might treat the past couple of weeks as a high handle and wait until Trex stock clears this mini-consolidation.
Goldman stock remains above a shallow cup-base buy point of 356.95, according to MarketSmith analysis.
The Russell 2000 retreated further from its 50-day line, though it also finished near session highs after tumbling intraday to its lowest levels since the end of March.While the stock market rally is in a confirmed uptrend, the short-term action has been weak and choppy.If the stock market rally rebounds from here, then Tuesday will look like a short-term bottom.
Tesla stock and other story plays are heavily damaged.
Apple stock doesn't look inspiring.
Goldman stock and Facebook are in buy range.
Trex and HZO stock could be actionable soon.
The stock market rally could improve quickly, or deteriorate even faster.IBD Digital: Unlock IBD's Premium Stock Lists, Tools And Analysis Today.
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