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Daily stock market update November 23, 2020 - Market move up

November 24, 2020
MCBOSS CAPITAL
176 views

market update

How is stock market today?

Market move up today as there is more good news about covid vaccine.

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 continue to lead as it hit new high today. It is still above its 10 days moving average.

NASDAQ - above its 50 days moving average line near 11300; current at 11880
S&P 500 - above its 50 days moving average line near 3400; current at 3577
DJIA - above its 50 days moving average line near 28000; current at 29591
RUSSELL 2000 - above its 50 days moving average line near 1580; current at 1818

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 above 1800.

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 (Equip)	3	AMAT, CCMP, UCTT
Technology	Technology	Semiconductors (Manufacturing)	4	CREE, IMOS, MX, TSEM
Technology	Technology	Radio And Television Broadcasting And Communications Equipment	2	COMM, DY

Retail	Consumer Services	Clothing/Shoe/Accessory Stores	4	CRI, GIII, VNCE, VRA
Retail	Capital Goods	Auto Manufacturing	4	GM, KNDI, NIO, TSLA
Retail	Capital Goods	Auto Parts:O.E.M. (Equipment)	6	APTV, BWA, DAN, STRT, THRM, WKHS
Retail	Consumer Durables	Automotive Aftermarket	2	CTB, TWI
Retail	Capital Goods	Industrial Machinery/Components	2	REZI, ZBRA
Retail	Miscellaneous	Business Services	3	MMYT, SABR, TRVG
Retail	Consumer Services	Television Services	2	DIS, GHC
Retail	Consumer Services	Television Services	2	DISCA, DISCK
Retail	Consumer Services	Clothing/Shoe/Accessory Stores	10	AEO, ANF, BOOT, EXPR, GES, GPS, PLCE, TLYS, URBN, ZUMZ
Retail	Consumer Services	Department/Specialty Retail Stores	3	JWN, KSS, M
Retail	Consumer Services	Other Specialty Stores	2	AAN, KIRK
Retail	Consumer Services	Food Chains	2	KR, SFM
Retail	Transportation	Air Freight/Delivery Services	3	AAL, CPA, HA

Industrial	Capital Goods	Military/Government/Technical	4	ATRO, ISSC, MRCY, TGI
Industrial	Capital Goods	Engineering & Construction	2	MTZ, PRIM
Industrial	Basic Industries	Major Chemicals: Plastics	3	DOW, EMN, KRA
Industrial	Basic Industries	Major Chemicals: Others	7	ALB, APD, CBT, FUL, OEC, SLCA, SOI
Industrial	Basic Industries	Aluminum	2	CENX, ROCK

Health	Health Care	Medical Specialities (Services)	2	BEAT, TVTY

Commodities	Energy	Industrial Machinery/Components	6	AMRC, BEP, BEPC, BLDP, KEN, PLUG
Commodities	Energy	Coal Mining	2	ARCH, BTU
Commodities	Basic Industries	Precious Metals	6	AA, BHP, CLF, FCX, SCCO, VALE
Commodities			2	CNQ, ERF
Commodities	Energy	Oil & Gas Production: Drilling	2	HP, RIG
Commodities	Energy	Oilfield Services/Equipment	6	CLB, HAL, HLX, OII, OIS, RES
Commodities	Energy	Integrated oil Companies	5	CVX, EC, MRO, PBR, PTR
Commodities	Energy	Oil & Gas Production (International)	4	APA, COP, HES, OXY
Commodities	Energy	Integrated oil Companies	5	GLP, MPC, NS, PSX, VLO
Commodities	Energy	Natural Gas Distribution	11	ENBL, EPD, GLNG, GLOG, KMI, MPLX, PSXP, SHLX, STNG, TGP, WES
Commodities	Energy	Oil & Gas Production (U.S.)	17	AR, CLR, CPE, CXO, DVN, EOG, FANG, MTDR, PVAC, PXD, QEP, RRC, SM, VNOM, WLL, WTI, XEC

Financial	Finance	Major Banks	4	C, DB, GS, WFC
Financial	Finance	Major Banks (West)	2	HTH, TCBI
Financial	Miscellaneous	Business Services	5	CATM, EVOP, IIIV, SQ, STNE
Financial	Finance	Investment Managers	5	ARCC, CNS, MCC, NOAH, TPVG

Which industry groups from recent strength show weakness today?

Relative strength drops by 1%
Retail	Consumer Services	Marine Transportation	2	LYFT, UBER

Relative strength drops by 6%
Industrial	Capital Goods	Fluid Controls	4	DXPE, FLS, ITT, PH

Relative strength drops by 3%
Industrial	Basic Industries	Paper	4	AIN, GPK, IP, NP

Relative strength drops by 1%
Financial	Finance	Real Estate	4	ASR, FOR, GRBK, JLL
Industrial	Capital Goods	Fluid Controls	4	DXPE, FLS, ITT, PH

Relative strength drops by 3%
Industrial	Basic Industries	Paper	4	AIN, GPK, IP, NP

Relative strength drops by 1%
Financial	Finance	Real Estate	4	ASR, FOR, GRBK, JLL

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.