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Daily stock market update December 16, 2020 - Market made new high

December 17, 2020
MCBOSS CAPITAL
104 views

market update

How is stock market today?

Market made new high as Nasdaq continue to ramp upward.

What is the current support level?

Nasdaq made new high as it flex its muscle.

S&P 500, DJIA and Russell 2000 are near its recent highs.

NASDAQ - above its 50 days moving average line near 11700; current at 12658
S&P 500 - above its 50 days moving average line near 3400; current at 3701
DJIA - above its 50 days moving average line near 28000; current at 30154
RUSSELL 2000 - above its 50 days moving average line near 1580; current at 1952

Psychological levels

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

Which industry groups show strength?

There are many industry groups with strength.

Sector	Industry	Sub-group	#	Stocks
Technology	Technology	Computer Software: Prepackaged Software (Database)	5	DBX, NTCT, ORCL, PRGS, VRNS
Technology	Technology	Computer Software: Prepackaged Software (Design)	3	CDNS, PS, PTC
Technology	Technology	Computer Software: Prepackaged Software (Desktop)	3	CRNC, MSFT, PD
Technology	Technology	EDP Services (Gaming)	2	EA, ZNGA
Technology	Technology	Computer Software: Prepackaged Software (Security)	6	CYBR, MIME, OKTA, QLYS, TENB, TUFN
Technology	Technology	EDP Services (Tech Services)	6	DAVA, EGOV, EPAM, GIB, GLOB, WIT
Technology	Consumer Durables	Telecommunications Equipment	3	CIEN, INFN, LITE

Retail	Capital Goods	Auto Parts:O.E.M. (Equipment)	3	DAN, LDL, STRT
Retail	Consumer Durables	Office Equipment/Supplies/Services	3	MLHR, SCS, TPX
Retail	Consumer Services	Automotive Aftermarket (Parts)	4	AAP, AZO, CPRT, ORLY
Retail	Consumer Durables	Automotive Aftermarket	2	KMX, VRM
Retail	Consumer Services	RETAIL: Building Materials	3	FND, HD, SITE
Retail	Consumer Services	Department/Specialty Retail Stores	2	DLTR, GO
Retail	Miscellaneous	Business Services (Internet)	5	CHWY, EBAY, OSTK, REAL, SFIX

Industrial	Miscellaneous	Business Services (Outsourcing)	3	EXLS, PAYX, UNF
Industrial	Capital Goods	Electrical Products	2	FARO, NOVT
Health	Health Care	Medical/Dental Instruments	7	GMED, HSKA, IART, ICUI, INGN, LIVN, MDT
Health	Health Care	Medical Specialities (Services)	2	IRTC, NEO

Financial	Finance	Major Banks (Midwest)	3	TCF, UMBF, WTFC
Financial	Finance	Major Banks (Northeast)	3	MCB, SASR, WBS
Financial	Finance	Major Banks (Southeast)	4	ABCB, BPOP, BXS, UCBI
Financial	Miscellaneous	Business Services	3	IIIV, PAGS, WEX
Financial	Consumer Services	Real Estate Investment Trusts	15	ADC, ARE, CTRE, DOC, ELS, IIPR, LSI, MPW, PLD, REXR, SRC, STAG, STOR, SUI, WY
Financial	Consumer Services	Other Consumer Services (Specialty)	2	BCSF, ENV
Financial	Finance	Real Estate	4	ASR, MMI, RDFN, TPL

Which industry groups from recent strength show weakness today?

Relative strength drops by 3%
Technology	Technology	Computer Software: Prepackaged Software (Education/Media)	2	SYNC, TWOU

Relative strength drops by 1%
Technology	Technology	Electronic Components	5	MU, NTAP, SIMO, STX, TDC

Relative strength drops by 4%
Technology	Technology	Semiconductors	4	AMD, HIMX, MPWR, MRVL

Relative strength drops by 1%
Technology	Consumer Services	Television Services	3	CABO, LBTYA, SJR

Relative strength drops by 2%
Retail	Consumer Services	Other Specialty Stores	3	HVT, KIRK, LZB

Relative strength drops by 3%
Industrial	Capital Goods	Fluid Controls	-2	NDSN, RXN

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.