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Daily stock market update October 5, 2020 - Market conditions continue to improve

How is stock market today?

Market conditions continue to improve as all indices rise to recent highs.


What is the current support level?

Nasdaq is above its 50 days moving average. Watch for continued support at this level.

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

  • DJIA - above its 50 days moving average line near 27000; current at 28148
  • S&P 500 - above its 50 days moving average line near 3300; current at 3408
  • NASDAQ - above its 50 days moving average line near 10800; current at 11332
  • RUSSELL 2000 - below its 50 days moving average line; current at 1581

Which industry groups show strength?

There are more industry groups with strength. 

Sector Industry Sub-group # Stocks
Retail Consumer Services Clothing/Shoe/Accessory Stores 4 HBI, LEVI, OXM, TPR
Retail Consumer Services Other Specialty Stores 2 HOME, SNBR
Retail Consumer Services Other Specialty Stores (Leisure) 3 HIBB, SPWH, WINA
Industrial Basic Industries Mining & Quarrying of Nonmetallic Minerals (No Fuels) 3 MLM, SUM, VMC
Industrial Consumer Durables Building Products 6 AMWD, APOG, ATKR, AYI, FBHS, TREX
Industrial Capital Goods Engineering & Construction 2 AGX, PWR
Industrial Basic Industries Major Chemicals 2 CE, LYB
Industrial Technology Diversified Commercial Services 6 AER, HEES, HRI, RCII, TGH, URI
Industrial Consumer Durables Metal Fabrications 3 ABB, GNRC, ROK
Industrial Basic Industries Electric Utilities: Central 4 AEP, EIX, ETR, PNW
Commodities Energy Industrial Machinery/Components 9 AQN, AY, BEP, BLDP, CWEN, KEN, ORA, PLUG, TPIC
Commodities Technology Semiconductors (Solar) 5 ENPH, FSLR, JKS, SEDG, SPWR
Commodities Capital Goods Construction/Ag Equipment/Trucks 2 MTW, TEX
Commodities Basic Industries Precious Metals 2 CLF, SCCO
Financial Finance Finance: Consumer Services 2 CIT, WD
Financial Finance Investment Bankers/Brokers/Service 4 AMP, BGCP, LPLA, RJF
Financial Finance Real Estate 2 CBRE, FSV


Which industry groups from recent strength show weakness today?

Relative strength drops by 2%
Retail Consumer Non-Durables Shoe Manufacturing 4 CROX, DECK, SKX, WWW

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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