Our Cookie Policy

Echofavor and carefully selected third parties use cookies on this site to improve performance, for analytics and to show you offers tailored to your interests on our site and third party sites. By continuing to use our site, you consent to our use of cookies. Privacy Policy

Life is memorable. Share your experience. Help others. Return the favor. Terms Of Use    Privacy Policy    About    FAQ    Help   Contact Us  
As an Amazon Associate and affiliate with other third parties, Echofavor earn from qualifying purchases and display advertisements.
0.2552675

Daily stock market update September 17, 2020 - Market weakens

How is stock market today?

Market weakens. Nasdaq lost key support at its 50 days moving average for the second time. Tech stocks suffer another drop. However there are signs of accumulation in some retail and industrial stocks.

What is the current support level?

Nasdaq fell below near its 50 days moving average. This is not a good sign especially after finding resistance at its 21 days moving average.

S&P 500 is near its 50 days moving average. Dow Jones and Russell 2000 are trying to hold on to its 21 days moving average. It will be important for these indices to find support at this level.

  • DJIA - above its 50 days moving average line near 27000; current at 27901
  • S&P 500 - above its 50 days moving average line near 3300; current at 3357
  • NASDAQ - below its 50 and days moving average line near 10800; current at 10910
  • RUSSELL 2000 - above its 50 moving average line near 1500; current at 1542

Which industry groups show strength?

There are strength in retail and industrial related industry groups. 

Sector Industry Sub-group # Stocks
Retail Capital Goods Auto Manufacturing 2 FCAU, TSLA
Retail Consumer Non-Durables Beverages Alcoholic (Production/Distribution) 2 BUD, MGPI
Retail Consumer Non-Durables Packaged Foods 3 ADM, ANDE, INGR
Retail Consumer Non-Durables Meat/Poultry/Fish 3 BRFS, BYND, IBA
Retail Consumer Durables Office Equipment/Supplies/Services 4 FLXS, HNI, MLHR, SCS
Retail Consumer Services Hotels/Resorts (Gaming) 4 DKNG, IGT, PENN, SGMS
Retail Consumer Services Marine Transportation 2 CLCT, LYFT
Industrial Consumer Durables Building Products 5 APOG, AYI, MWA, OC, WTS
Industrial Basic Industries Major Chemicals 3 HUN, LYB, WLK
Industrial Basic Industries Major Chemicals: Plastics 4 DOW, EMN, KRA, TSE
Industrial Capital Goods Fluid Controls 7 CFX, GGG, IR, ITT, ITW, PNR, SXI
Industrial Capital Goods Industrial Machinery/Components (Tools) 2 KMT, XYL
Industrial Basic Industries Paper 3 IP, PKG, WRK
Industrial Transportation Air Freight/Delivery Services 2 AAWW, FDX
Industrial Transportation Railroads 2 CP, CSX
Health Health Care Major Pharmaceuticals 21 ALKS, ARGX, ARVN, BPMC, CBPO, DCPH, EXEL, HZNP, INO, INSM, LJPC, NKTR, NTLA, QURE, RARE, SAGE, SGEN, SGMO, SPPI, SRNE, VRTX
Health Health Care Medical/Nursing Services 2 DVA, RDNT
Commodities Energy Coal Mining 4 ARCH, BTU, CNX, HCC
Financial Capital Goods Homebuilding 3 KBH, MDC, NVR

Which industry groups from recent strength show weakness today?

None


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.

  

Copyright © Echofavor 2021. All Rights Reserved. Powered by Echofavor
Copyright © Echofavor 2021. All Rights Reserved.
Powered by Echofavor