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Daily stock market update October 2, 2020 - Market gave back some

October 03, 2020
MCBOSS CAPITAL
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market update

How is stock market today?

Market show mixed signals as Nasdaq dropped significantly.

Overall, the market did well this week with small cap Russell 2000 performing better than other indices.

Index	Sep. 28 - Oct. 2
Nasdaq	1.48%
S&P 500	1.52%
Dow Jones	1.87%
Russell 2000	4.37%

What is the current support level?

Nasdaq is back down to its 50 days moving average. This is a crucial support area. Watch for signs of next move at this level.

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

DJIA - above its 50 days moving average line near 27000; current at 27682
S&P 500 - above its 50 days moving average line near 3300; current at 3348
NASDAQ - above its 50 days moving average line near 10800; current at 11326
RUSSELL 2000 - below its 50 days moving average line; current at 1539

Which industry groups show strength?

There are few industry groups with strength.

Sector	Industry	Sub-group	#	Stocks
Retail	Consumer Services	Clothing/Shoe/Accessory Stores	3	GOOS, LEVI, OXM
Retail	Consumer Non-Durables	Shoe Manufacturing	4	CROX, DECK, SKX, WWW
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	Basic Industries	Mining & Quarrying of Nonmetallic Minerals (No Fuels)	2	EXP, MLM

Commodities	Technology	Semiconductors (Solar)	8	CSIQ, ENPH, FSLR, JKS, NOVA, RUN, SEDG, SPWR

Financial	Finance	Investment Bankers/Brokers/Service	6	AMP, AMTD, EVR, MKTX, RJF, SCHW

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.