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Daily stock market update November 27, 2020 - Market is resilient

November 28, 2020
MCBOSS CAPITAL
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market update

How is stock market today?

Market continued to be resilient and moves up higher.

Overall the week shows another strong move up. This month proves to be one of the best November in many decades.

Index	Nov. 23-27
Nasdaq	2.96%
S&P 500	2.27%
Dow Jones	2.21%
Russell 2000	3.92%

What is the current support level?

Nasdaq hit new high.

Russell 2000, S&P 500 and DJIA are above its 10 days moving average and near new highs.

NASDAQ - above its 50 days moving average line near 11300; current at 12205
S&P 500 - above its 50 days moving average line near 3400; current at 3638
DJIA - above its 50 days moving average line near 28000; current at 29910
RUSSELL 2000 - above its 50 days moving average line near 1580; current at 1855

Psychological levels

Nasdaq is now hitting new high above 12000.
S&P 500 is now above 3600.
Dow Jones Industrial Average falls back below 30000.
Small cap Russell 2000 is now above 1800.

Which industry groups show strength?

There are many industry groups with strength.

Sector	Industry	Sub-group	#	Stocks
Technology	Technology	Computer Software: Prepackaged Software (Special)	4	ALRM, CTXS, HUBS, TEAM
Technology	Technology	Computer Software: Prepackaged Software (Design)	2	ADSK, APPN
Technology	Technology	Computer Software: Prepackaged Software (Enterprise)	16	ATEN, DT, FIVN, FROG, KERN, LPSN, MIXT, PLAN, PLTR, QADA, SMAR, SNOW, SUMO, UPLD, WORK, ZEN
Technology	Technology	Computer Software: Prepackaged Software (Security)	4	CMCM, OKTA, PING, VRSN
Technology	Technology	Semiconductors (Manufacturing)	7	CREE, DIOD, IMOS, QRVO, STM, TSEM, TXN
Technology	Technology	Computer Software: Programming, Data Processing (Content)	7	ATHM, BILI, DHX, FTCH, SFUN, TME, YELP
Technology	Technology	Radio And Television Broadcasting And Communications Equipment	2	CLRO, COMM

Retail	Capital Goods	Auto Manufacturing	6	F, FCAU, GM, NIO, TSLA, TTM
Retail	Capital Goods	Auto Parts:O.E.M. (Equipment)	5	APTV, LDL, LEA, STRT, THRM
Retail	Consumer Durables	Specialty Chemicals	7	ACB, APHA, CGC, CRON, GNLN, OGI, TLRY
Retail	Consumer Non-Durables	Package Goods/Cosmetics	2	HELE, MED
Retail	Capital Goods	Industrial Machinery/Components	3	REZI, ST, ZBRA
Retail	Consumer Non-Durables	Plastic Products	2	NWL, WBT
Retail	Consumer Services	Consumer Electronics/Video Chains	4	AMC, DLPN, FUBO, RDI
Retail	Consumer Services	Television Services	4	DISCA, DISCK, GTN, SSP
Retail	Consumer Services	RETAIL: Building Materials	3	FAST, LL, TSCO
Retail	Consumer Services	Clothing/Shoe/Accessory Stores	9	AEO, ANF, DLTH, EXPR, FRAN, GES, LE, TLYS, ZUMZ
Retail	Consumer Services	Department/Specialty Retail Stores	3	JWN, KSS, M
Retail	Consumer Services	Department/Specialty Retail Stores	2	DLTR, FIVE
Retail	Consumer Services	Other Specialty Stores	4	AAN, HOME, KIRK, WSM
Retail	Consumer Services	Other Specialty Stores (Leisure)	2	DKS, HIBB
Retail	Transportation	Air Freight/Delivery Services	7	AAL, ALGT, CPA, HA, SAVE, SKYW, UAL

Industrial	Basic Industries	Major Chemicals: Others	7	APD, ASPN, CBT, CC, FUL, OEC, SLCA
Industrial	Consumer Durables	Metal Fabrications	3	AME, AMOT, AZZ
Industrial	Energy	Industrial Machinery/Components	4	DDD, HOLI, SSYS, XONE

Health	Health Care	Major Pharmaceuticals	12	APLS, ARGX, ATRA, BNTX, BPMC, FMTX, MRNA, NGM, QURE, RIGL, SRNE, TBIO
Health	Health Care	Major Pharmaceuticals (Generic Drugs)	2	RDY, TARO
Health	Health Care	Hospital/Nursing Management (Long term care)	2	CSU, ENSG

Commodities	Basic Industries	Agricultural Chemicals	4	AVD, CF, MOS, UAN
Commodities	Energy	Industrial Machinery/Components	5	AY, BEP, BEPC, BLDP, TPIC
Commodities	Energy	Coal Mining	2	ARCH, BTU
Commodities	Basic Industries	Precious Metals	8	AA, BBL, BHP, CLF, FCX, RIO, SCCO, VALE
Commodities	Energy	Oil & Gas Production (Canada)	2	CNQ, ERF
Commodities	Energy	Integrated oil Companies	7	CZZ, HFC, MPC, NS, PSX, UGI, VLO
Commodities	Energy	Oil & Gas Production (U.S.)	14	CPE, DVN, EOG, FANG, MTDR, PHX, PVAC, PXD, QEP, SM, VNOM, WLL, WTI, XEC
Commodities	Basic Industries	Steel/Iron Ore	2	MT, NUE

Financial	Finance	Commercial Banks	6	BAP, BLX, BMA, BSMX, HDB, SUPV
Financial	Finance	Major Banks	4	C, HSBC, MS, WFC
Financial	Miscellaneous	Business Services	7	AXP, CATM, EVTC, IIIV, PAGS, SQ, STNE
Financial	Finance	Investment Managers	9	ARCC, BEN, CG, CNS, EV, FOCS, KKR, MCC, NOAH
Financial	Consumer Services	Real Estate Investment Trusts	2	BXMT, LADR
Financial	Consumer Services	Other Consumer Services (Specialty)	7	ASPS, BCSF, CME, ENV, FLT, QFIN, WU

Which industry groups from recent strength show weakness today?

Relative strength drops by 1%
Retail	Miscellaneous	Business Services	3	MMYT, SABR, TRVG

Relative strength drops by 2%
Retail	Consumer Services	Television Services	4	DIS, GHC, SNE, WWE

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

Relative strength drops by 1%
Industrial	Technology	Advertising	3	LAMR, TTD, TTGT

Relative strength drops by 1%
Financial	Finance	Specialty Insurers	-2	ERIE, FANH

Relative strength drops by 1%
Financial	Finance	Property-Casualty Insurers	3	FNF, KNSL, MBI

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.