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Daily stock market update December 2, 2020 - Market holding on near highs

How is stock market today?

Market is holding on near highs as market is mostly flat today.

What is the current support level?

Nasdaq and S&P 500 are near new highs.

Russell 2000 and DJIA are trying to hold above its 10 days moving average. 

  • NASDAQ - above its 50 days moving average line near 11300; current at 12349
  • S&P 500 - above its 50 days moving average line near 3400; current at 3669
  • DJIA - above its 50 days moving average line near 28000; current at 29883
  • RUSSELL 2000 - above its 50 days moving average line near 1580; current at 1838

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 Computer Software: Prepackaged Software (Database) 2 DBX, ORCL
Technology Technology Electronic Components 3 MU, NTAP, STX
Technology Technology Semiconductors 6 AMBA, AMD, CRUS, MXL, QCOM, RMBS
Technology Technology Semiconductors (Equip) 6 ACLS, COHR, LRCX, MKSI, TER, UCTT
Technology Technology Semiconductors (Manufacturing) 11 AMKR, DIOD, IMOS, INTC, MCHP, PI, POWI, QRVO, STM, TSEM, TXN
Technology Technology Computer Software: Programming, Data Processing (Content) 5 BIDU, DHX, FENG, FTCH, SFUN
Technology Consumer Services Television Services 3 CABO, LBTYA, SJR
Technology Public Utilities Telecommunications Equipment (Integrated) 2 VG, VZ
Retail Health Care Medical/Nursing Services 2 RAD, WBA
Industrial Technology Diversified Commercial Services 2 MRLN, UHAL
Health Health Care Biotechnology: Commercial Physical & Biological Resarch 6 ICLR, ILMN, MEDP, MYGN, PKI, TMO
Health Health Care Medical Specialities (Supplies) 2 BDX, PDCO
Commodities Basic Industries Precious Metals 9 AEM, AU, BVN, FNV, HL, MUX, PAAS, RGLD, WPM
Commodities Basic Industries Precious Metals 7 AA, BBL, BHP, CLF, FCX, RIO, VALE
Financial Finance Commercial Banks 3 BAP, BLX, IBN
Financial Finance Finance: Consumer Services 3 CACC, RM, SLM
Financial Finance Investment Bankers/Brokers/Service 3 AMP, BGCP, RJF
Financial Consumer Services Other Consumer Services (Specialty) 6 ALLY, CME, ECPG, ICE, MSCI, VIRT


Which industry groups from recent strength show weakness today?

Relative strength drops by 1%
Technology Technology Computer Communications Equipment 2 CSCO, EXTR
Relative strength drops by 1%
Retail Capital Goods Auto Parts:O.E.M. (Parts) 2 DORM, MPAA
Relative strength drops by 1%
Retail Consumer Durables Specialty Chemicals 6 ACB, APHA, CRON, GNLN, OGI, TLRY
Relative strength drops by 1%
Retail Consumer Services Consumer Electronics/Video Chains 4 AMC, DLPN, FUBO, RDI
Relative strength drops by 1%
Retail Consumer Services Automotive Aftermarket (Parts) -3 AAP, CPRT, GPC
Relative strength drops by 1%
Retail Consumer Services RETAIL: Building Materials -3 HD, LOW, SITE
Relative strength drops by 1%
Industrial Miscellaneous Business Services (Market Research) -3 CSGP, SPGI, VRSK
Relative strength drops by 1%
Industrial Energy Industrial Machinery/Components 4 DDD, HOLI, SSYS, XONE
Relative strength drops by 1%
Industrial Capital Goods Auto Manufacturing -2 CMI, PCAR
Relative strength drops by 2%
Health Health Care Major Pharmaceuticals 12 APLS, ARGX, ATRA, BNTX, BPMC, FMTX, MRNA, NGM, QURE, RIGL, SRNE, TBIO
Relative strength drops by 2%
Health Health Care Medical Specialities (Services) 2 BEAT, GH
Relative strength drops by 2%
Health Health Care Biotechnology: Electromedical & Electrotherapeutic Apparatus 3 HRC, PLSE, WAT


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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