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Daily stock market update December 11, 2020 - Market is holding up
How is stock market today?
Market is holding up near its 10 days moving average. Watch for this key support level.
Overall this week, the market show mixed signals and small cap Russell 2000 is on its 6th consecutive weeks up.
| Index | Dec. 7-11 |
| Nasdaq | -0.69% |
| S&P 500 | -0.96% |
| Dow Jones | -0.57% |
| Russell 2000 | 1.02% |
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 12377
- S&P 500 - above its 50 days moving average line near 3400; current at 3663
- DJIA - above its 50 days moving average line near 28000; current at 30046
- RUSSELL 2000 - above its 50 days moving average line near 1580; current at 1911
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 (Database) | 5 | DBX, MDB, NTCT, ORCL, VRNS |
| Technology | Technology | Computer Software: Prepackaged Software (Security) | 6 | CRWD, INVE, PFPT, PING, VRNT, VRSN |
| Technology | Technology | Radio And Television Broadcasting And Communications Equipment | 2 | CLRO, DY |
| Retail | Consumer Services | Consumer Electronics/Video Chains | 3 | CSSE, IMAX, RDI |
| Retail | Consumer Services | RETAIL: Building Materials | 3 | FND, LOW, SITE |
| Retail | Consumer Non-Durables | Farming/Seeds/Milling | 2 | MO, PM |
| Industrial | Capital Goods | Electrical Products | 2 | FARO, KEYS |
| Health | Finance | Specialty Insurers | 3 | HCSG, PINC, VCRA |
| Health | Health Care | Major Pharmaceuticals | 16 | ALKS, ARGX, BLI, BNTX, BPMC, CNCE, CYTK, EDIT, NGM, NTLA, RARE, RCKT, RGNX, SRPT, TBIO, TGTX |
| Health | Health Care | Major Pharmaceuticals (Diversified) | 2 | JNJ, LLY |
| Commodities | Energy | Coal Mining | 3 | ARCH, BTU, CNX |
| Commodities | Energy | Integrated oil Companies | 4 | AM, EC, MRO, PBR |
Which industry groups from recent strength show weakness today?
| Relative strength drops by 1% | ||||
| Retail | Capital Goods | Industrial Machinery/Components | -2 | GLW, SYNA |
| Relative strength drops by 1% | ||||
| Retail | Transportation | Air Freight/Delivery Services | -3 | HA, LUV, RYAAY |
| Relative strength drops by 1% | ||||
| Industrial | Capital Goods | Auto Manufacturing | 2 | CVGI, OSK |
| Relative strength drops by 1% | ||||
| Health | Health Care | Biotechnology: Commercial Physical & Biological Resarch | 4 | ICLR, ILMN, MYGN, TMO |
| Relative strength drops by 9% | ||||
| Commodities | Energy | Integrated oil Companies | 6 | CZZ, DK, HFC, NS, PSX, UGP |
| Relative strength drops by 9% | ||||
| Commodities | Energy | Natural Gas Distribution | 9 | ENB, ENBL, GLOG, MMP, MPLX, PAA, PAGP, SHLX, WES |
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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