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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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