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Daily stock market update October 1, 2020 - Market continue to progress

October 02, 2020
MCBOSS CAPITAL
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market update

How is stock market today?

Market continue to progress higher. This is a good sign.

What is the current support level?

Nasdaq make further move above its 50 days moving average.

S&P 500 and Dow Jones are holding above 50 days moving average. This is a good sign. Russell 2000 is still below 50 days moving average.

DJIA - above its 50 days moving average line near 27000; current at 27816
S&P 500 - above its 50 days moving average line near 3300; current at 3380
NASDAQ - above its 50 days moving average line near 10800; current at 11326
RUSSELL 2000 - below its 50 days moving average line; current at 1531

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)	3	ANSS, APPN, CDNS
Technology	Technology	Computer Software: Prepackaged Software (Enterprise)	7	DDOG, GDDY, PAYC, PCTY, PLAN, SHOP, WDAY
Technology	Technology	Computer Software: Prepackaged Software (Security)	2	CYBR, SAIL

Retail	Consumer Services	Clothing/Shoe/Accessory Stores	4	GIL, GOOS, LEVI, UFI
Retail	Consumer Non-Durables	Shoe Manufacturing	3	CROX, DECK, SKX
Retail	Consumer Non-Durables	Packaged Foods	5	CAG, GIS, PEP, POST, UL
Retail	Consumer Services	Hotels/Resorts (Gaming)	3	BYD, DKNG, SGMS
Retail	Consumer Services	Other Specialty Stores	2	BBBY, LZB

Industrial	Miscellaneous	Business Services (Market Research)	2	MORN, TRI

Commodities	Energy	Industrial Machinery/Components	2	BLDP, PLUG
Commodities	Technology	Semiconductors (Solar)	8	CSIQ, ENPH, FSLR, JKS, NOVA, RUN, SEDG, SPWR

Which industry groups from recent strength show weakness today?

Relative strength drops by 1%
Industrial	Transportation	Railroads	-3	CSX, NSC, 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.