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.
0.3462044
Daily stock market update October 23, 2020 - Market indices are stuck
How is stock market today?
Market indices are stuck near its key moving averages. It is not totally a bad thing. Watch for support at these levels.
Overall this week, the market is nearly flat.
Index | Oct. 23 |
Nasdaq | -1.06% |
S&P 500 | -0.53% |
Dow Jones | -0.95% |
Russell 2000 | 0.41% |
What is the current support level?
Nasdaq and Russell 2000 rebounded a bit from its 21 and 10 days moving average respectively.
S&P 500 and DJIA rebound from near its 50 days moving average.
Watch for support at these key moving averages in coming days.
- DJIA - above its 50 days moving average line near 28000; current at 28335
- S&P 500 - above its 50 days moving average line near 3400; current at 3465
- NASDAQ - above its 50 days moving average line near 11280; current at 11548
- RUSSELL 2000 - above its 50 days moving average line near 1530; current at 1630
Which industry groups show strength?
There are more industry groups with strength.
Sector | Industry | Sub-group | # | Stocks |
Technology | Technology | Computer Software: Programming, Data Processing (Content) | 5 | GOOG, GOOGL, PINS, SNAP, TWTR |
Retail | Consumer Services | Clothing/Shoe/Accessory Stores | 3 | COLM, TPR, UA |
Retail | Consumer Durables | Specialty Chemicals | 5 | CGC, CRON, GNLN, OGI, TLRY |
Retail | Consumer Services | Marine Transportation | 3 | CAR, CUK, SEAS |
Retail | Consumer Non-Durables | Recreational Products/Toys | 2 | HAS, MAT |
Retail | Miscellaneous | Business Services | 2 | EXPE, MMYT |
Industrial | Technology | Advertising | 2 | CRTO, IPG |
Industrial | Miscellaneous | Office Equipment/Supplies/Services | 2 | ARC, PBI |
Industrial | Technology | Industrial Machinery/Components | 3 | CSL, GE, PHG |
Industrial | Basic Industries | Electric Utilities: Central | 3 | AES, PNM, PNW |
Financial | Finance | Major Banks (Midwest) | 4 | ASB, BY, CBSH, WTFC |
Financial | Finance | Major Banks (Northeast) | 5 | BMTC, CNBKA, MTB, SASR, WBS |
Financial | Finance | Major Banks (Southeast) | 7 | ABCB, BXS, FCNCA, FHN, SFNC, SMMF, SNV |
Financial | Finance | Major Banks (Regional) | 4 | CMA, KEY, RF, SIVB |
Financial | Finance | Major Banks (West) | 6 | CADE, EWBC, FRC, IBTX, TCBI, WAL |
Financial | Finance | Major Banks (Savings) | 4 | KRNY, PBCT, STL, WSFS |
Financial | Finance | Property-Casualty Insurers | 3 | TRV, WRB, Y |
Which industry groups from recent strength show weakness today?
Relative strength drops by 1% | ||||
Industrial | Technology | Diversified Commercial Services | 5 | AER, HEES, HRI, TGH, URI |
Relative strength drops by 3% | ||||
Industrial | Capital Goods | Fluid Controls | 3 | BMI, ERII, IEX |
Relative strength drops by 3% | ||||
Financial | Finance | Investment Bankers/Brokers/Service | 3 | BGCP, EVR, MC |
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 2021. All Rights Reserved. | Powered by Echofavor |