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Daily stock market update November 17, 2020 - Market fall back a bit

November 18, 2020
MCBOSS CAPITAL
116 views

market update

How is stock market today?

Market fall back a bit but this comes after a stunning gain in previous day.

What is the current support level?

Market rebound from a bigger loss in the morning.

DJIA - above its 50 days moving average line near 28000; current at 29783
S&P 500 - above its 50 days moving average line near 3400; current at 3609
NASDAQ - above its 50 days moving average line near 11300; current at 11899
RUSSELL 2000 - above its 50 days moving average line near 1580; current at 1791

Psychological levels

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.

Which industry groups show strength?

There are many industry groups with strength.

Sector	Industry	Sub-group	#	Stocks
Technology	Technology	Computer Software: Prepackaged Software (Security)	2	PANW, RPD
Technology	Technology	Computer Communications Equipment	2	CSCO, EXTR
Technology	Technology	Semiconductors (Equip)	2	FORM, KLAC

Retail	Consumer Services	Clothing/Shoe/Accessory Stores	9	GIII, HBI, OXM, PVH, RL, UFI, VFC, VNCE, VRA
Retail	Capital Goods	Auto Manufacturing	5	F, FCAU, GM, KNDI, TTM
Retail	Consumer Non-Durables	Beverages Non-Alcoholic (Production/Distribution)	2	CCEP, FIZZ
Retail	Consumer Non-Durables	Consumer Electronics/Appliances	2	SONO, UEIC
Retail	Consumer Non-Durables	Package Goods/Cosmetics	2	IPAR, KMB
Retail	Consumer Services	Consumer Electronics/Video Chains	4	AVID, CNK, FUBO, IMAX
Retail	Consumer Services	Television Services	5	FOX, FOXA, GHC, LSXMA, MDP
Retail	Consumer Services	Television Services	4	DISCA, DISCK, NXST, TGNA
Retail	Consumer Services	RETAIL: Building Materials	2	GMS, HDS
Retail	Consumer Services	Clothing/Shoe/Accessory Stores	2	LB, PLCE
Retail	Consumer Services	Department/Specialty Retail Stores	3	JWN, KSS, M
Retail	Consumer Services	Restaurants	4	BH, FRGI, NATH, SBUX
Retail	Transportation	Air Freight/Delivery Services	2	ALK, AZUL

Industrial	Capital Goods	Military/Government/Technical	10	ATRO, BA, CW, HEI, HXL, LHX, OSIS, SPR, TDY, TXT
Industrial	Technology	Diversified Commercial Services	6	AER, AL, FLY, RCII, TGH, URI
Industrial	Consumer Services	Office Equipment/Supplies/Services	2	BRC, DLX
Industrial	Basic Industries	Paper	6	AIN, GPK, IP, NP, PKG, WRK

Commodities	Basic Industries	Agricultural Chemicals	2	CF, UAN
Commodities	Energy	Industrial Machinery/Components	2	BLDP, ORA
Commodities	Basic Industries	Precious Metals	3	AA, CLF, VALE
Commodities	Energy	Oil & Gas Production: Drilling	2	HP, PTEN
Commodities	Energy	Integrated oil Companies	7	BP, CVX, EC, MRO, PBR, WMB, XOM
Commodities	Energy	Metal Fabrications	5	FTI, GEOS, GTLS, NOV, WHD
Commodities	Energy	Integrated oil Companies	9	CEQP, CVI, DK, GLP, HFC, MPC, NS, PSX, VLO
Commodities	Energy	Natural Gas Distribution	10	EPD, GLOG, KMI, MMP, MPLX, NVGS, PAA, PAGP, SHLX, WES
Commodities	Energy	Oil & Gas Production (U.S.)	11	AR, BCEI, CPE, CXO, EOG, FANG, RRC, SM, VNOM, WTI, XEC
Commodities	Basic Industries	Steel/Iron Ore	2	NUE, STLD

Financial	Finance	Major Banks (Midwest)	3	MBIN, UMBF, WTFC
Financial	Finance	Major Banks (Northeast)	8	CNOB, CUBI, EGBN, HONE, MCB, MTB, TBBK, WBS
Financial	Finance	Major Banks (Regional)	2	RF, USB
Financial	Finance	Major Banks (West)	3	COLB, HTH, WAL
Financial	Finance	Finance: Consumer Services	2	FCFS, SLM
Financial	Miscellaneous	Business Services	7	CATM, EEFT, EVTC, PAYS, QIWI, STNE, WEX
Financial	Finance	Investment Managers	9	AMG, ARCC, BAM, CNS, DHIL, MN, TPVG, VRTS, WHG
Financial	Consumer Services	Real Estate Investment Trusts	2	GPMT, LADR
Financial	Consumer Services	Real Estate Investment Trusts	8	CLDT, MGP, NNN, ORC, PEB, PSB, ROIC, VNO
Financial	Finance	Property-Casualty Insurers	4	HMN, KNSL, MHLD, TPRE

Which industry groups from recent strength show weakness today?

Relative strength drops by 1%
Technology	Technology	EDP Services (Tech Services)	4	ACN, CTG, HPE, IBM

Relative strength drops by 1%
Technology	Technology	Semiconductors (Manufacturing)	6	AMKR, CTS, IMOS, PI, TSEM, TSM

Relative strength drops by 4%
Technology	Consumer Services	Television Services	5	ATUS, CCOI, CMCSA, DISH, LBTYA

Relative strength drops by 1%
Retail	Consumer Services	Automotive Aftermarket (Parts)	2	AZO, ORLY

Relative strength drops by 1%
Retail	Consumer Services	Other Specialty Stores	3	HVT, LZB, RH

Relative strength drops by 1%
Industrial	Basic Industries	Major Chemicals: Plastics	3	DOW, EMN, TSE

Relative strength drops by 1%
Industrial	Technology	Electrical Products	2	SANM, TTMI

Relative strength drops by 1%
Industrial	Consumer Durables	Metal Fabrications	3	AME, AZZ, WIRE

Relative strength drops by 6%
Health	Health Care	Major Pharmaceuticals	16	APLS, ATRA, BHVN, BLI, BNTX, FPRX, HALO, HRTX, ICPT, INO, LJPC, MRNA, RETA, RGNX, RTRX, TBIO

Relative strength drops by 7%
Commodities	Energy	Oilfield Services/Equipment	7	MTRX, NR, OII, OIS, PUMP, RES, SLB

Relative strength drops by 1%
Commodities	Energy	Oil & Gas Production (International)	2	COP, HES

Relative strength drops by 1%
Financial	Capital Goods	Homebuilding	2	MDC, NVR

Relative strength drops by 1%
Financial	Finance	Major Banks (Savings)	6	FFBC, ISBC, KRNY, NWBI, PBCT, WSFS

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.