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Daily stock market update December 9, 2020 - Market fall hard

How is stock market today?

Market fall hard today as investors are taking profit.

What is the current support level?

Nasdaq, S&P 500 and DJIA fell to its 10 days moving average. Watch for support at this level. Russell 2000 also fell but still have some room above its 10 days moving average.

  • NASDAQ - above its 50 days moving average line near 11300; current at 12338
  • S&P 500 - above its 50 days moving average line near 3400; current at 3672
  • DJIA - above its 50 days moving average line near 28000; current at 30068
  • RUSSELL 2000 - above its 50 days moving average line near 1580; current at 1902

Psychological levels

  • Nasdaq is hitting new high above 12000.
  • S&P 500 is below 3700.
  • Dow Jones Industrial Average is above 30000.
  • Small cap Russell 2000 is above 1900.

Which industry groups show strength?

There are few industry groups with strength. 

Sector Industry Sub-group # Stocks
Technology Technology EDP Services (Gaming) 3 ATVI, EA, TTWO
Retail Capital Goods Auto Parts:O.E.M. (Equipment) 2 LDL, THRM
Retail Consumer Services RETAIL: Building Materials 3 FND, LOW, SITE
Retail Consumer Non-Durables Farming/Seeds/Milling 2 MO, PM
Industrial Capital Goods Wholesale Distributors 2 TRN, WAB
Industrial Capital Goods Auto Manufacturing 2 CVGI, OSK
Health Health Care Major Pharmaceuticals (Diversified) 2 JNJ, LLY
Health Health Care Medical Specialities (Services) 3 NEO, OTRK, TVTY



Which industry groups from recent strength show weakness today?

Relative strength drops by 5%
Technology Technology Computer Software: Prepackaged Software (Special) 2 AVLR, TYL
Relative strength drops by 5%
Technology Technology Computer Software: Prepackaged Software (Enterprise) 5 FSLY, NOW, PLTR, SMAR, TLND
Relative strength drops by 7%
Technology Technology Computer Software: Prepackaged Software (Financial) 2 INTU, SSNC
Relative strength drops by 10%
Technology Technology Computer Software: Prepackaged Software (Security) -4 CYBR, FEYE, OKTA, RPD
Relative strength drops by 9%
Technology Technology Semiconductors (Manufacturing) 4 CRWD, PFPT, VRSN, ZIXI
Relative strength drops by 5%
Retail Consumer Non-Durables Packaged Foods 2 BGS, LANC
Relative strength drops by 4%
Retail Consumer Services Clothing/Shoe/Accessory Stores 5 FL, GES, LULU, ROST, TJX
Relative strength drops by 1%
Industrial Consumer Services Diversified Commercial Services 3 ADT, ARLO, ITRN
Relative strength drops by 1%
Financial Miscellaneous Business Services 7 AXP, CATM, EVTC, IIIV, PAGS, SQ, STNE
Relative strength drops by 1%
Financial Consumer Services Other Consumer Services (Specialty) 9 ALLY, BCSF, BR, CME, ECPG, FIS, ICE, MSCI, TW


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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