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Daily stock market update December 15, 2020 - Market show strength

How is stock market today?

Market show strength once again as it proves the rally is not over yet.

What is the current support level?

Russell 2000 lead the charge as it made new high today. 

Both S&P 500 and DJIA made an impressive rebound from its 10 days moving average. These indices and Nasdaq are near their recent highs.

  • NASDAQ - above its 50 days moving average line near 11700; current at 12595
  • S&P 500 - above its 50 days moving average line near 3400; current at 3694
  • DJIA - above its 50 days moving average line near 28000; current at 30199
  • RUSSELL 2000 - above its 50 days moving average line near 1580; current at 1959

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 is many industry groups with strength. 

Sector Industry Sub-group # Stocks
Technology Technology EDP Services (Gaming) 2 EA, ZNGA
Technology Technology Computer Software: Prepackaged Software (Security) 4 CHKP, QLYS, TENB, TUFN
Technology Technology Semiconductors 4 AMD, HIMX, MPWR, MRVL
Technology Consumer Durables Telecommunications Equipment 3 CIEN, INFN, LITE
Retail Capital Goods Auto Parts:O.E.M. (Equipment) 3 DAN, LDL, STRT
Retail Capital Goods Auto Parts:O.E.M. (Parts) 2 DORM, SMP
Retail Capital Goods Industrial Machinery/Components 2 OLED, ST
Retail Consumer Durables Office Equipment/Supplies/Services 3 MLHR, SCS, TPX
Retail Consumer Services Automotive Aftermarket (Parts) 3 AAP, AZO, CPRT
Retail Consumer Services RETAIL: Building Materials 3 FND, HD, SITE
Retail Consumer Services Other Specialty Stores 3 HVT, KIRK, LZB
Retail Miscellaneous Business Services (Internet) 3 CHWY, REAL, SFIX
Industrial Consumer Durables Building Products 5 AMWD, APOG, BLD, GFF, TREX
Industrial Basic Industries Forest Products 2 BCC, UFPI
Industrial Miscellaneous Business Services 3 BAH, ICFI, MMS
Industrial Miscellaneous Business Services (Outsourcing) 2 ADP, UNF
Industrial Capital Goods Electrical Products 3 CGNX, FARO, NOVT
Industrial Capital Goods Fluid Controls 5 DXPE, ERII, ESE, HY, ITT
Health Health Care Medical/Dental Instruments 5 ABMD, GMED, INGN, LIVN, MDT
Health Health Care Medical Specialities (Services) 3 BEAT, IRTC, NEO
Financial Finance Major Banks (Midwest) 2 TCF, WTFC
Financial Finance Major Banks (Northeast) 3 EGBN, SASR, WBS
Financial Finance Major Banks (Southeast) 5 ABCB, BPOP, BXS, SMMF, UCBI
Financial Miscellaneous Business Services 3 EVTC, PAGS, WEX
Financial Consumer Services Real Estate Investment Trusts 14 ADC, ARE, CTRE, DOC, ELS, IIPR, LSI, MPW, PLD, SRC, STAG, STOR, VICI, WY
Financial Consumer Services Other Consumer Services (Specialty) 3 ENV, ICE, VIRT
Financial Finance Real Estate 3 ASR, RDFN, TPL


Which industry groups from recent strength show weakness today?

None

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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