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Daily stock market update October 7, 2020 - Market turn bullish

How is stock market today?

Market turn bullish once again as Trump once again make headline. He tweeted to Democrats to pass piecemeal stimulus.


What is the current support level?

Nasdaq, S&P 500, and DJIA rebound off its 50 days moving average. Watch for support at this level.

Russell 2000 is near a new recent intraday high.

  • DJIA - above its 50 days moving average line near 27650; current at 28303
  • S&P 500 - above its 50 days moving average line near 3360; current at 3419
  • NASDAQ - above its 50 days moving average line near 10800; current at 11364
  • RUSSELL 2000 - above its 50 days moving average line near 1530; current at 1611

Which industry groups show strength?

There are many industry groups with strength. 

Sector Industry Sub-group # Stocks
Technology Technology Computer Software: Prepackaged Software (Enterprise) 7 ATEN, FSLY, LPSN, MANH, PAYC, PLTR, TWLO
Technology Technology Computer Software: Prepackaged Software (Financial) 5 ACIW, BCOR, BKI, PEGA, SSNC
Technology Technology EDP Services (Tech Services) 7 CTSH, EGOV, GLOB, INFY, PLUS, VRTU, WIT
Retail Consumer Services Clothing/Shoe/Accessory Stores 5 GIL, HBI, LEVI, TPR, UFI
Retail Consumer Non-Durables Shoe Manufacturing 2 SHOO, WWW
Retail Consumer Non-Durables Meat/Poultry/Fish 2 BYND, PPC
Retail Consumer Durables Automotive Aftermarket 6 ABG, AN, GPI, LAD, PAG, RUSHA
Retail Consumer Services Other Specialty Stores 2 BBBY, LZB
Retail Consumer Services Other Specialty Stores (Leisure) 3 BGFV, HIBB, WINA
Industrial Consumer Durables Consumer Electronics/Appliances 2 AAON, FIX
Industrial Basic Industries Mining & Quarrying of Nonmetallic Minerals (No Fuels) 5 CRH, EXP, MLM, SUM, VMC
Industrial Consumer Durables Building Products 6 AMWD, APOG, ATKR, AYI, MWA, OC
Industrial Capital Goods Engineering & Construction 7 ACM, AGX, FLR, GVA, MTZ, PWR, TPC
Industrial Basic Industries Major Chemicals 2 CE, LYB
Industrial Basic Industries Paints/Coatings 2 PPG, RPM
Industrial Basic Industries Major Chemicals: Plastics 2 KRA, TSE
Industrial Basic Industries Major Chemicals: Others 7 ALB, APD, BCPC, MTX, OEC, SCL, WDFC
Industrial Technology Diversified Commercial Services 5 AER, HEES, HRI, TGH, URI
Industrial Miscellaneous Business Services (Outsourcing) 2 ADP, EXLS
Industrial Technology Professional Services 2 HSII, KELYA
Industrial Consumer Durables Containers/Packaging 2 BLL, SEE
Industrial Capital Goods Electrical Products 2 ITRI, MTD
Industrial Consumer Durables Metal Fabrications 7 ABB, AME, AZZ, FELE, GNRC, ROK, WIRE
Industrial Energy Industrial Machinery/Components 2 DDD, SSYS
Industrial Transportation Trucking Freight/Courier Services 2 SNDR, XPO
Industrial Transportation Trucking Freight/Courier Services 3 FWRD, SAIA, YRCW
Industrial Basic Industries Electric Utilities: Central 6 AEP, EIX, ETR, IDA, NEE, PNW
Commodities Energy Industrial Machinery/Components 13 ACA, AMRC, AQN, AY, BEPC, BLDP, CWEN, KEN, NEP, ORA, PLUG, REGI, TPIC
Commodities Basic Industries Precious Metals 4 AA, CLF, FCX, SCCO
Financial Finance Major Banks (Midwest) 5 ASB, CBSH, HBNC, TCF, WTFC
Financial Finance Major Banks (Northeast) 5 BMTC, CNOB, EGBN, MTB, SASR
Financial Finance Major Banks (Southeast) 7 ABCB, BXS, FBP, FHN, SFNC, SMMF, SNV
Financial Finance Major Banks (Regional) 5 CMA, KEY, PNC, RF, USB
Financial Finance Major Banks (West) 10 ABTX, CADE, CVBF, EWBC, FIBK, FRC, IBTX, PB, TCBI, WAL
Financial Finance Investment Bankers/Brokers/Service 6 AMP, FUTU, HLI, LPLA, MC, MKTX
Financial Finance Major Banks (Savings) 5 FFBC, NWBI, PBCT, STL, WSFS
Financial Finance Real Estate 2 CBRE, RLGY

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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