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Daily stock market update October 20 2020 - Market rebound slightly

How is stock market today?

Market rebound slightly today but is not out of woods yet from recent pullback. Watch for support at key moving averages.

What is the current support level?

All indices are near its 10 days moving average. 

Watch for support at these key moving averages in coming days.

  • DJIA - above its 50 days moving average line near 27650; current at 28308
  • S&P 500 - above its 50 days moving average line near 3360; current at 3443
  • NASDAQ - above its 50 days moving average line near 10800; current at 11516
  • RUSSELL 2000 - above its 50 days moving average line near 1530; current at 1617

Which industry groups show strength?

There are no industry groups with strength. 



Which industry groups from recent strength show weakness today?

Relative strength drops by 1%
Industrial Miscellaneous Office Equipment/Supplies/Services 2 ARC, PBI


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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