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Daily stock market update September 15, 2020 - Market continue to rebound

How is stock market today?

The market continue to rebound to near its short term moving average. That is a good sign but it still has to clear that.


What is the current support level?

Nasdaq, S&P 500, Dow Jones and Russell 2000 have risen back above its 50 days moving average and is now at its 10 days moving average. This is a key level if the rally were to continue.

  • DJIA - above its 50 days moving average line near 27000; current at 27995
  • S&P 500 - above its 50 days moving average line near 3300; current at 3401
  • NASDAQ - above its 50 and days moving average line near 10800; current at 11190
  • RUSSELL 2000 - above its 50 moving average line near 1500; current at 1538

Which industry groups show strength?

There are strength in retail related industry groups. 

Sector Industry Sub-group # Stocks
Retail Consumer Services Clothing/Shoe/Accessory Stores 7 COLM, CRI, GOOS, PVH, RL, VFC, VNCE
Retail Capital Goods Auto Manufacturing 2 FCAU, TSLA
Retail Consumer Non-Durables Packaged Foods 2 ADM, ANDE
Retail Consumer Non-Durables Meat/Poultry/Fish 3 BRFS, BYND, TSN
Retail Consumer Durables Office Equipment/Supplies/Services 3 FLXS, MLHR, TPX
Retail Consumer Services Hotels/Resorts (Gaming) 4 DKNG, IGT, PENN, SGMS
Retail Consumer Services Marine Transportation 2 CLCT, VAC
Industrial Miscellaneous Business Services (Market Research) 4 CSGP, IT, NLSN, VRSK
Industrial Capital Goods Fluid Controls 3 GGG, ITT, ITW
Industrial Basic Industries Paper 3 AIN, IP, WRK
Industrial Transportation Air Freight/Delivery Services 2 AAWW, FDX
Commodities Energy Coal Mining 3 ARCH, BTU, HCC
Financial Consumer Services Real Estate Investment Trusts 11 ADC, AMH, AMT, CLDT, EPRT, IIPR, NNN, PEB, SRC, STOR, VICI


Which industry groups from recent strength show weakness today?

Relative strength drops by 2%
Industrial Transportation Railroads 3 CP, CSX, UNP


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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