How is stock market today?
Market appear to rebound on Friday as it attempt to rally the last two days, however, the indices are all below the 50 days moving average. Overall, Nasdaq did better than other indices.
What is the current support level?
Recently, Nasdaq fell further down after find resistance at its 50 days moving average. This is the third time Nasdaq has tested this level.
Recently, S&P 500, Dow Jones and Russell 2000 also fell further below the 50 days moving average.
- DJIA - below its 50 days moving average line near 27000; current at 27173
- S&P 500 - below its 50 days moving average line near 3300; current at 3298
- NASDAQ - below its 50 days moving average line near 10800; current at 10913
- RUSSELL 2000 - below its 50 days moving average line; current at 1474
Which industry groups show strength?
There are not much industry groups with strength. This is not a good sign.
||Consumer Electronics/Video Chains
Which industry groups from recent strength show weakness today?
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