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Daily stock market update December 10, 2020 - Market show some resilience

December 11, 2020
MCBOSS CAPITAL
46 views

market update

How is stock market today?

Market show some resilience as it mostly wipe out the drop in the morning.

What is the current support level?

Nasdaq, S&P 500 and DJIA found support at its 10 days moving average. Watch for support at this level. Russell 2000 also rebound from near its 10 days moving average.

NASDAQ - above its 50 days moving average line near 11700; current at 12405
S&P 500 - above its 50 days moving average line near 3400; current at 3668
DJIA - above its 50 days moving average line near 28000; current at 29999
RUSSELL 2000 - above its 50 days moving average line near 1580; current at 1922

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 some industry groups with strength.

Sector	Industry	Sub-group	#	Stocks
Technology	Technology	Computer Software: Prepackaged Software (Special)	2	MFGP, TYL
Technology	Technology	EDP Services (Gaming)	3	ATVI, EA, TTWO
Technology	Technology	Computer Software: Prepackaged Software (Security)	6	CRWD, INVE, PANW, PFPT, VRNT, VRSN
Technology	Technology	Radio And Television Broadcasting And Communications Equipment	2	CLRO, DY

Retail	Capital Goods	Auto Manufacturing	3	FCAU, TM, TSLA
Retail	Capital Goods	Auto Parts:O.E.M. (Equipment)	2	QS, THRM
Retail	Consumer Services	RETAIL: Building Materials	3	FND, LOW, SITE
Retail	Consumer Non-Durables	Farming/Seeds/Milling	2	MO, PM

Industrial	Miscellaneous	Business Services	2	SAIC, STN
Health	Finance	Specialty Insurers	3	HCSG, PINC, VCRA

Health	Health Care	Major Pharmaceuticals	16	ALKS, BLI, BNTX, BPMC, CNCE, CRSP, CYTK, EDIT, HRTX, NGM, NTLA, RCKT, RGNX, SGMO, SRPT, TGTX
Health	Health Care	Major Pharmaceuticals (Diversified)	2	JNJ, LLY
Health	Health Care	Medical Specialities (Services)	2	NEO, TVTY

Commodities	Energy	Coal Mining	3	ARCH, BTU, CNX
Commodities	Basic Industries	Precious Metals	2	CLF, VALE
Commodities	Energy	Integrated oil Companies	5	AM, EC, MRO, PBR, XOM
Commodities	Energy	Oil & Gas Production (International)	2	HES, OXY
Commodities	Basic Industries	Steel/Iron Ore	2	GGB, STLD

Which industry groups from recent strength show weakness today?

Relative strength drops by 1%
Technology	Public Utilities	Telecommunications Equipment (Integrated)	2	EGHT, T

Relative strength drops by 1%
Technology	Technology	Radio And Television Broadcasting And Communications Equipment	-2	CMTL, SATS

Relative strength drops by 1%
Technology	Consumer Durables	Telecommunications Equipment	4	CIEN, CLFD, INFN, LITE

Relative strength drops by 1%
Retail	Miscellaneous	Business Services	2	SABR, TCOM

Below 50 days moving average
Retail	Consumer Services	Consumer Electronics/Video Chains	-2	CONN, GME

Relative strength drops by 1%
Retail	Consumer Services	Department/Specialty Retail Stores	-2	COST, WMT

Relative strength drops by 1%
Industrial	Miscellaneous	Business Services (Market Research)	4	CSGP, FDS, MCO, NLSN

Relative strength drops by 5%
Industrial	Energy	Industrial Machinery/Components	2	DDD, SSYS

Relative strength drops by 1%
Health	Health Care	Medical Specialities	-3	CNC, GTS, HUM

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.