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Daily stock market update November 16, 2020 - Market rally continues
How is stock market today?
Market rally continues after more positive vaccine news. Moderna vaccine shows 94% efficacy. Market has been rallying strong for the last couple of weeks.
The indices are starting to get near the big psychological numbers as shown below. There may be a pull back soon to its 10 days moving average. However, watch for support near there.
What is the current support level?
Nasdaq is just below 12000.
S&P 500 is now hitting new high above 3600.
Dow Jones Industrial Average hits new high and is just below 30000.
Small cap Russell 2000 is definitely leading this market rally and is just below 1800.
- DJIA - above its 50 days moving average line near 28000; current at 29950
- S&P 500 - above its 50 days moving average line near 3400; current at 3626
- NASDAQ - above its 50 days moving average line near 11300; current at 11924
- RUSSELL 2000 - above its 50 days moving average line near 1580; current at 1785
Which industry groups show strength?
There are many industry groups with strength.
| Sector | Industry | Sub-group | # | Stocks |
| Technology | Technology | Electronic Components | 2 | MU, STX |
| Technology | Technology | Semiconductors (Manufacturing) | 6 | AMKR, CTS, IMOS, PI, TSEM, TSM |
| Technology | Technology | Radio And Television Broadcasting And Communications Equipment | 2 | COMM, NOK |
| Retail | Capital Goods | Auto Manufacturing | 4 | F, GM, HMC, TTM |
| Retail | Capital Goods | Auto Parts:O.E.M. (Equipment) | 5 | CPS, DAN, GNTX, MOD, TEN |
| Retail | Consumer Non-Durables | Package Goods/Cosmetics | 3 | EL, IPAR, KMB |
| Retail | Consumer Non-Durables | Packaged Foods | 3 | CPB, HAIN, JJSF |
| Retail | Consumer Services | Hotels/Resorts (Lodging) | 2 | CHH, H |
| Retail | Consumer Services | Marine Transportation | 2 | LYFT, UBER |
| Retail | Consumer Services | Television Services | 2 | FOXA, MDP |
| Retail | Consumer Durables | Automotive Aftermarket | 2 | CRMT, KAR |
| Retail | Consumer Services | RETAIL: Building Materials | 5 | BECN, GMS, GWW, HDS, MSM |
| Retail | Consumer Services | Clothing/Shoe/Accessory Stores | 2 | PLCE, TLYS |
| Retail | Health Care | Medical/Nursing Services | 2 | CVS, RAD |
| Retail | Consumer Services | Department/Specialty Retail Stores | 3 | PSMT, TGT, WMT |
| Retail | Consumer Services | Restaurants | 4 | BH, CHUY, NATH, SBUX |
| Retail | Consumer Services | Other Specialty Stores | 2 | SBH, ULTA |
| Retail | Transportation | Air Freight/Delivery Services | 2 | ALK, AZUL |
| Industrial | Capital Goods | Military/Government/Technical | 10 | ATRO, BA, CW, GD, HEI, HXL, LHX, SPR, TDY, TXT |
| Industrial | Consumer Durables | Building Products | 2 | ATKR, TILE |
| Industrial | Technology | Diversified Commercial Services | 8 | AER, AL, HEES, MRLN, R, RCII, TGH, URI |
| Industrial | Consumer Durables | Metal Fabrications | 3 | AME, AZZ, WIRE |
| Industrial | Capital Goods | Fluid Controls | 4 | DXPE, FLS, ITT, PH |
| Industrial | Consumer Services | Office Equipment/Supplies/Services | 2 | BRC, DLX |
| Industrial | Basic Industries | Paper | 4 | AIN, GPK, NP, WRK |
| Industrial | Transportation | Railroads | 2 | CP, NSC |
| Commodities | Energy | Industrial Machinery/Components | 2 | BLDP, PLUG |
| Commodities | Capital Goods | Construction/Ag Equipment/Trucks | 3 | CNHI, MTW, TEX |
| Commodities | Basic Industries | Precious Metals | 2 | AA, ARNC |
| Commodities | Energy | Oil & Gas Production: Drilling | 2 | HP, PTEN |
| Commodities | Energy | Oilfield Services/Equipment | 7 | MTRX, NR, OII, OIS, PUMP, RES, SLB |
| Commodities | Energy | Integrated oil Companies | 5 | BP, CVX, MRO, RDS.A, XOM |
| Commodities | Energy | Oil & Gas Production (International) | 2 | COP, HES |
| Commodities | Energy | Metal Fabrications | 3 | DRQ, FTI, WHD |
| Commodities | Energy | Integrated oil Companies | 10 | CEQP, CLMT, CVI, DK, GLP, HFC, MPC, NS, PSX, VLO |
| Commodities | Energy | Natural Gas Distribution | 7 | GLOG, KMI, NVGS, PAA, PAGP, STNG, WES |
| Commodities | Energy | Oil & Gas Production (U.S.) | 7 | BCEI, CXO, EOG, FANG, VNOM, WTI, XEC |
| Commodities | Basic Industries | Steel/Iron Ore | 3 | NUE, STLD, TS |
| Financial | Finance | Major Banks (Midwest) | 3 | CBSH, MBIN, UMBF |
| Financial | Finance | Major Banks (Northeast) | 6 | CNBKA, EGBN, HONE, MCB, MTB, SBNY |
| Financial | Finance | Major Banks (Southeast) | 4 | FBP, HOMB, SFNC, SMMF |
| Financial | Finance | Major Banks (Regional) | 3 | KEY, RF, SIVB |
| Financial | Finance | Major Banks (West) | 3 | HTH, WAFD, WAL |
| Financial | Capital Goods | Homebuilding | 2 | MDC, NVR |
| Financial | Miscellaneous | Business Services | 6 | ADS, AXP, CATM, EEFT, QIWI, STNE |
| Financial | Finance | Investment Managers | 7 | ARCC, BAM, CNS, DHIL, MN, VRTS, WHG |
| Financial | Consumer Services | Real Estate Investment Trusts | 8 | HIW, MGP, NNN, ORC, PSB, ROIC, SRC, STOR |
| Financial | Finance | Major Banks (Savings) | 6 | FFBC, ISBC, KRNY, NWBI, PBCT, WSFS |
| Financial | Finance | Life Insurance | 2 | GNW, PUK |
| Financial | Finance | Property-Casualty Insurers | 7 | HMN, HRTG, KMPR, KNSL, MHLD, THG, TPRE |
Which industry groups from recent strength show weakness today?
| Relative strength drops by 1% | ||||
| Technology | Technology | Computer Communications Equipment | 2 | CSCO, EXTR |
| Relative strength drops by 7% | ||||
| Industrial | Technology | Professional Services | 8 | ASGN, BBSI, HSII, KELYA, KFRC, KFY, MAN, RHI |
| Relative strength drops by 1% | ||||
| Industrial | Technology | Industrial Machinery/Components | 3 | BRK.B, MMM, ROP |
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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