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Daily stock market update September 11, 2020 - Market is trying to hold on
How is stock market today?
The market is trying hard to hold near its key moving averages. They suffer another bad weekly losses.
| Index | Sep. 4 |
| Nasdaq | -4.06% |
| S&P 500 | -2.51% |
| Dow Jones | -1.66% |
| Russell 2000 | -2.48% |
What is the current support level?
Nasdaq and Russell 2000 has fallen below its 50 days moving average.
S&P 500 and Dow Jones are still holding above its 50 days moving average.
- DJIA - above its 50 days moving average line near 27000; current at 27665
- S&P 500 - above its 50 days moving average line near 3300; current at 3340
- NASDAQ - below its 50 and days moving average line near 10800; current at 10919
- RUSSELL 2000 - below its 50 moving average line near 1500; current at 1507
Which industry groups show strength?
There are few industry groups showing strength.
| Sector | Industry | Sub-group | # | Stocks |
| Retail | Consumer Services | Clothing/Shoe/Accessory Stores | 6 | CRI, GIII, PVH, TPR, UA, VFC |
| Retail | Consumer Non-Durables | Shoe Manufacturing | 2 | CROX, NKE |
| Retail | Consumer Non-Durables | Plastic Products | 2 | IRBT, NWL |
| Industrial | Basic Industries | Paints/Coatings | 2 | PPG, SHW |
Which industry groups from recent strength show weakness today?
| Relative strength drops by 6% | ||||
| Retail | Consumer Non-Durables | Meat/Poultry/Fish | 4 | BRFS, BYND, PPC, TSN |
| Relative strength drops by 1% | ||||
| Industrial | Capital Goods | Auto Manufacturing | 3 | CMI, CVGI, PCAR |
| Relative strength drops by 2% | ||||
| Commodities | Capital Goods | Construction/Ag Equipment/Trucks | 2 | CAT, CNHI |
Disclaimer: MCBOSS CAPITAL provides financial education and information research. None of this information should be used for investment purpose. Please seek professional advice. Information provided may not always be accurate.
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