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Daily stock market update November 18, 2020 - Market pull back

How is stock market today?

Market pull back as some are taking profit from recent gains.

What is the current support level?

All indices are still above its 10 days moving average.

  • DJIA - above its 50 days moving average line near 28000; current at 29438
  • S&P 500 - above its 50 days moving average line near 3400; current at 3567
  • NASDAQ - above its 50 days moving average line near 11300; current at 11801
  • RUSSELL 2000 - above its 50 days moving average line near 1580; current at 1769

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
Retail Consumer Services Clothing/Shoe/Accessory Stores 9 GIII, HBI, OXM, PVH, RL, UA, VFC, VNCE, VRA
Retail Capital Goods Auto Manufacturing 6 F, GM, KNDI, RACE, TSLA, TTM
Retail Consumer Non-Durables Consumer Electronics/Appliances 2 SONO, UEIC
Retail Consumer Non-Durables Recreational Products/Toys 2 FNKO, MAT
Retail Consumer Services Television Services 5 FOX, FOXA, GHC, LSXMA, MDP
Retail Consumer Services Clothing/Shoe/Accessory Stores 5 AEO, CHS, EXPR, PLCE, TJX
Retail Consumer Services Department/Specialty Retail Stores 2 SHLD, TGT
Industrial Capital Goods Engineering & Construction 2 ACM, GVA
Industrial Technology Diversified Commercial Services 7 AER, AL, FLY, R, RCII, TGH, URI
Commodities Basic Industries Agricultural Chemicals 2 CF, UAN
Commodities Capital Goods Construction/Ag Equipment/Trucks 3 CNHI, MTW, TEX
Commodities Energy Oil & Gas Production: Drilling 3 HP, PTEN, RIG
Financial Capital Goods Homebuilding 2 MDC, TPH


Which industry groups from recent strength show weakness today?

Relative strength drops by 1%
Technology Technology Computer Software: Prepackaged Software (Financial) 2 GWRE, QTWO
Relative strength drops by 2%
Technology Technology Computer Software: Prepackaged Software (Security) 2 PANW, RPD
Relative strength drops by 1%
Technology Public Utilities Telecommunications Equipment (Wireless) 2 TMUS, WIFI
Relative strength drops by 2%
Technology Technology Radio And Television Broadcasting And Communications Equipment 2 CASA, COMM
Relative strength drops by 1%
Retail Consumer Non-Durables Packaged Foods 3 CPB, HAIN, JJSF
Relative strength drops by 9%
Industrial Basic Industries Major Chemicals: Others 6 ALB, ASH, MEOH, NGVT, SCL, SOI
Relative strength drops by 1%
Industrial Miscellaneous Industrial Machinery/Components 3 AVT, BELFB, LFUS
Relative strength drops by 1%
Commodities Energy Industrial Machinery/Components 2 BLDP, ORA
Relative strength drops by 4%
Financial Miscellaneous Business Services 7 CATM, EEFT, EVTC, PAYS, QIWI, STNE, WEX


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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