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Daily stock market update November 20, 2020 - Market is mostly flat
How is stock market today?
Market is mostly flat as indices show mixed signals. Overall, the week ended the same with mixed signals as small cap Russell 2000 continue to lead the market.
Index | Nov. 20 |
Nasdaq | 0.22% |
S&P 500 | -0.77% |
Dow Jones | -0.73% |
Russell 2000 | 2.37% |
What is the current support level?
Nasdaq, S&P 500 and DJIA are near its 10 days moving average. It is important to find support at this level here.
Russell 2000 is still above its 10 days moving average.
- DJIA - above its 50 days moving average line near 28000; current at 29263
- S&P 500 - above its 50 days moving average line near 3400; current at 3557
- NASDAQ - above its 50 days moving average line near 11300; current at 11854
- RUSSELL 2000 - above its 50 days moving average line near 1580; current at 1785
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 some industry groups with strength.
Sector | Industry | Sub-group | # | Stocks |
Technology | Technology | Computer Software: Prepackaged Software (Special) | 3 | MFGP, RP, TEAM |
Technology | Technology | Computer Software: Prepackaged Software (Enterprise) | 4 | ATEN, AZPN, MIXT, PLTR |
Technology | Technology | Computer Software: Prepackaged Software (Security) | 3 | FEYE, PANW, RPD |
Retail | Consumer Services | Clothing/Shoe/Accessory Stores | 5 | GIII, OXM, VFC, VNCE, VRA |
Retail | Capital Goods | Auto Manufacturing | 5 | GM, KNDI, RACE, TSLA, TTM |
Retail | Consumer Non-Durables | Consumer Electronics/Appliances | 2 | SONO, UEIC |
Retail | Consumer Non-Durables | Plastic Products | 2 | NWL, WBT |
Retail | Consumer Services | Consumer Electronics/Video Chains | 3 | CSSE, DLPN, FUBO |
Retail | Consumer Services | Clothing/Shoe/Accessory Stores | 7 | AEO, CHS, EXPR, FL, GES, LB, PLCE |
Industrial | Basic Industries | Paper | 4 | AIN, GPK, IP, NP |
Commodities | Basic Industries | Agricultural Chemicals | 2 | CF, UAN |
Commodities | Energy | Oil & Gas Production: Drilling | 3 | HP, PTEN, RIG |
Commodities | Energy | Natural Gas Distribution | 9 | GLOG, KMI, MMP, MPLX, NVGS, PSXP, SHLX, TGP, WES |
Commodities | Energy | Oil & Gas Production (U.S.) | 6 | CPE, FANG, PVAC, QEP, SM, VNOM |
Financial | Finance | Investment Managers | 5 | BAM, CNS, MCC, MN, TPVG |
Which industry groups from recent strength show weakness today?
Relative strength drops by 1% | ||||
Retail | Consumer Services | Department/Specialty Retail Stores | 3 | JWN, KSS, M |
Relative strength drops by 1% | ||||
Retail | Consumer Services | Food Chains | 2 | IMKTA, MUSA |
Relative strength drops by 4% | ||||
Industrial | Capital Goods | Military/Government/Technical | 7 | ATRO, BA, CW, HXL, SPCE, SPR, TDY |
Relative strength drops by 8% | ||||
Industrial | Capital Goods | Engineering & Construction | 2 | ACM, GVA |
Relative strength drops by 10% | ||||
Industrial | Finance | Diversified Commercial Services | 2 | EME, MYRG |
Relative strength drops by 1% | ||||
Financial | Finance | Major Banks (Regional) | 2 | RF, USB |
Relative strength drops by 1% | ||||
Financial | Finance | Major Banks (West) | 3 | COLB, HTH, WAL |
Relative strength drops by 1% | ||||
Financial | Finance | Life Insurance | 2 | GNW, PUK |
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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