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Daily stock market update September 29, 2020 - Market gave back a little

September 30, 2020
MCBOSS CAPITAL
93 views

market update

How is stock market today?

Market gave back a little today. Hopefully it can hold on to this level.

What is the current support level?

Nasdaq is trying to hold above its 50 days moving average.

S&P 500, Dow Jones and Russell 2000 are trying to hold above 10 days moving average and is a good sign, but they are still below the 50 days moving average.

DJIA - below its 50 days moving average line near 27000; current at 27452
S&P 500 - below its 50 days moving average line near 3300; current at 3335
NASDAQ - above its 50 days moving average line near 10800; current at 11085
RUSSELL 2000 - below its 50 days moving average line; current at 1504

Which industry groups show strength?

There are not much industry groups with strength.

Sector	Industry	Sub-group	#	Stocks
Technology	Technology	Computer Software: Prepackaged Software (Design)	2	ANSS, APPN
Technology	Technology	Semiconductors (Equip)	2	ENTG, VECO

Commodities	Technology	Semiconductors (Solar)	6	CSIQ, ENPH, JKS, RUN, SEDG, SPWR

Which industry groups from recent strength show weakness today?

Relative strength drops by 1%
Retail	Consumer Services	Consumer Electronics/Video Chains	-2	MCS, RDI

Relative strength drops by 1%
Commodities	Energy	Coal Mining	-3	ARCH, BTU, CNX

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.