Life is memorable. Share your experience. Help others. Return the favor. Terms Of Use    Privacy Policy    About    FAQ    Help   Contact Us  
As an Amazon Associate and affiliate with other third parties, Echofavor earn from qualifying purchases and display advertisements.

Daily stock market update October 16, 2020 - Market show weakness

How is stock market today?

Market show weakness after it gave up a substantial gain earlier in the day.

Overall the market is still in an uptrend and put in four consecutive weeks up. Despite uncertainty with stimulus relief and election, the market is making good progress and holding on to the few weeks of gains.

Index Oct. 12-16
Nasdaq 0.79%
S&P 500 0.19%
Dow Jones 0.07%
Russell 2000 -0.23%

What is the current support level?

Nasdaq, S&P 500, DJIA and Russell 2000 bounced of its 10 days moving average and are all sitting above its 50 days moving average. 

  • DJIA - above its 50 days moving average line near 27650; current at 28606
  • S&P 500 - above its 50 days moving average line near 3360; current at 3483
  • NASDAQ - above its 50 days moving average line near 10800; current at 11671
  • RUSSELL 2000 - above its 50 days moving average line near 1530; current at 1633

Which industry groups show strength?

There are not many industry groups with strength. 

Sector Industry Sub-group # Stocks
Technology Technology Computer Software: Prepackaged Software (Design) 2 ADSK, APPN
Retail Consumer Non-Durables Packaged Foods 2 ADM, ANDE
Industrial Technology Industrial Machinery/Components 4 GE, MDU, PHG, ROP
Industrial Capital Goods Fluid Controls 3 BMI, ERII, IEX
Commodities Technology Semiconductors (Solar) 2 FSLR, JKS

Which industry groups from recent strength show weakness today?

Relative strength drops by 3%
Retail Capital Goods Auto Manufacturing 2 F, TSLA
Relative strength drops by 2%
Industrial Miscellaneous Industrial Machinery/Components 3 AVT, LFUS, VSH
Relative strength drops by 8%
Financial Finance Investment Managers 7 AB, APAM, BLK, EV, TROW, VRTS, WDR

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.


Copyright © Echofavor 2020. All Rights Reserved. Powered by Echofavor
Copyright © Echofavor 2020. All Rights Reserved.
Powered by Echofavor
Our Cookie Policy

Echofavor and carefully selected third parties use cookies on this site to improve performance, for analytics and to show you offers tailored to your interests on our site and third party sites. By continuing to use our site, you consent to our use of cookies. Privacy Policy