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Daily stock market update September 25, 2020 - Market attempt rally

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.

Index Sep. 25
Nasdaq 1.11%
S&P 500 -0.63%
Dow Jones -1.75%
Russell 2000 -4.03%


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.

Sector Industry Sub-group # Stocks
Retail Consumer Non-Durables Shoe Manufacturing 2 DECK, NKE
Retail Consumer Services Consumer Electronics/Video Chains 2 CSSE, ROKU

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.

  

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