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Daily stock market update December 1, 2020 - Market show strength
How is stock market today?
Market show strength once again after a historic November.
What is the current support level?
Nasdaq and S&P 500 hit new high.
Russell 2000 and DJIA didn't make new high, but are still above its 10 days moving average.
- NASDAQ - above its 50 days moving average line near 11300; current at 12355
- S&P 500 - above its 50 days moving average line near 3400; current at 3662
- DJIA - above its 50 days moving average line near 28000; current at 29823
- RUSSELL 2000 - above its 50 days moving average line near 1580; current at 1836
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 some industry groups with strength.
| Sector | Industry | Sub-group | # | Stocks |
| Technology | Technology | EDP Services (Gaming) | 4 | ATVI, EA, GLUU, TTWO |
| Technology | Technology | Electronic Components | 3 | MU, STX, WDC |
| Technology | Technology | Semiconductors | 5 | AMD, AVGO, CRUS, MXL, QCOM |
| Technology | Technology | Semiconductors (Equip) | 4 | ACLS, MKSI, TER, UCTT |
| Technology | Technology | Semiconductors (Manufacturing) | 14 | ADI, AMKR, DIOD, IMOS, INTC, MCHP, PI, POWI, QRVO, STM, SWKS, TSEM, TSM, TXN |
| Technology | Technology | EDP Services | 2 | GTT, SPRT |
| Technology | Consumer Services | Television Services | 2 | CABO, LBTYA |
| Technology | Public Utilities | Telecommunications Equipment (Integrated) | 2 | CHTR, VG |
| Technology | Consumer Durables | Telecommunications Equipment | 2 | CIEN, CLFD |
| Retail | Consumer Non-Durables | Beverages Non-Alcoholic (Production/Distribution) | 4 | CCEP, FIZZ, KOF, MNST |
| Retail | Consumer Services | Automotive Aftermarket (Parts) | 3 | AAP, AZO, GPC |
| Retail | Consumer Services | Food Chains | 3 | CASY, KR, SFM |
| Industrial | Technology | Diversified Commercial Services | 2 | MRLN, UHAL |
| Industrial | Transportation | Trucking Freight/Courier Services | 2 | LSTR, ODFL |
| Health | Health Care | Biotechnology: Commercial Physical & Biological Resarch | 7 | AVTR, ILMN, MEDP, MYGN, PKI, PRAH, TMO |
| Health | Health Care | Medical Specialities (Services) | 2 | BEAT, GH |
| Commodities | Basic Industries | Precious Metals | 8 | AEM, AU, BVN, HL, KGC, MUX, PAAS, RGLD |
| Financial | Finance | Finance: Consumer Services | 2 | CACC, RM |
| Financial | Consumer Services | Other Consumer Services (Specialty) | 7 | ALLY, CME, FIS, ICE, MSCI, NDAQ, VIRT |
Which industry groups from recent strength show weakness today?
| Relative strength drops by 10% | ||||
| Technology | Technology | Computer Software: Prepackaged Software (Special) | 4 | ALRM, CTXS, HUBS, TEAM |
| Relative strength drops by 3% | ||||
| Technology | Technology | Computer Software: Prepackaged Software (Design) | 2 | ADSK, APPN |
| Relative strength drops by 5% | ||||
| Technology | Technology | Computer Software: Prepackaged Software (Enterprise) | 12 | APPS, FIVN, FROG, KERN, MANH, NOW, RNG, SAP, SHOP, SUMO, WORK, ZM |
| Relative strength drops by 7% | ||||
| Technology | Technology | Computer Software: Prepackaged Software (Security) | 4 | CMCM, OKTA, PING, VRSN |
| Relative strength drops by 2% | ||||
| Technology | Technology | Computer Software: Programming, Data Processing (Content) | 7 | ATHM, BILI, DHX, FTCH, SFUN, TME, YELP |
| Relative strength drops by 3% | ||||
| Retail | Consumer Services | Other Consumer Services | 2 | CHGG, TEDU |
| Relative strength drops by 1% | ||||
| Retail | Consumer Non-Durables | Specialty Foods | 3 | HSY, MDLZ, SMPL |
| Relative strength drops by 1% | ||||
| Industrial | Consumer Durables | Containers/Packaging | 2 | ATR, BERY |
| Relative strength drops by 1% | ||||
| Industrial | Basic Industries | Environmental Services | 3 | AEGN, CECE, TISI |
| Relative strength drops by 2% | ||||
| Health | Health Care | Major Pharmaceuticals (Ethical Drugs) | 2 | ABBV, SNY |
| Relative strength drops by 1% | ||||
| Commodities | Energy | Oil & Gas Production (U.S.) | 14 | CPE, DVN, EOG, FANG, MTDR, PHX, PVAC, PXD, QEP, SM, VNOM, WLL, WTI, XEC |
| Relative strength drops by 1% | ||||
| Financial | Finance | Finance: Consumer Services | 3 | TSLX, WD, CGBD |
| Relative strength drops by 1% | ||||
| Financial | Finance | Investment Bankers/Brokers/Service | -2 | FUTU, TIGR |
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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