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Daily stock market update December 17, 2020 - Market made new high yet again

December 18, 2020
MCBOSS CAPITAL
52 views

market update

How is stock market today?

Market made new high yet again and this time all four major indices score new highs as this santa rally seem to continue.

What is the current support level?

Nasdaq, S&P 500, DJIA and Russell 2000 made new high as they flex their muscle.

NASDAQ - above its 50 days moving average line near 11700; current at 12764
S&P 500 - above its 50 days moving average line near 3400; current at 3722
DJIA - above its 50 days moving average line near 28000; current at 30303
RUSSELL 2000 - above its 50 days moving average line near 1580; current at 1978

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)	8	AYX, DBX, MDB, NEWR, NTCT, ORCL, PRGS, VRNS
Technology	Technology	Computer Software: Prepackaged Software (Design)	4	CDNS, PS, PTC, SNPS
Technology	Technology	Computer Software: Prepackaged Software (Desktop)	3	CRNC, MSFT, PD
Technology	Technology	Computer Software: Prepackaged Software (Financial)	4	INTU, JKHY, PEGA, QTWO
Technology	Technology	EDP Services (Gaming)	4	EA, NTES, TTWO, ZNGA
Technology	Technology	EDP Services (Medical)	2	CERN, TRHC
Technology	Technology	Computer Software: Prepackaged Software (Security)	11	CYBR, MIME, OKTA, PANW, PING, QLYS, RPD, SAIL, TENB, TUFN, ZS
Technology	Technology	EDP Services (Tech Services)	7	ACN, CTSH, DAVA, EGOV, GIB, GLOB, WIT
Technology	Consumer Services	Television Services	2	ATUS, CALX
Technology	Consumer Durables	Telecommunications Equipment	5	AAOI, CIEN, CLFD, INFN, LITE

Retail	Capital Goods	Auto Manufacturing	2	TM, TSLA
Retail	Capital Goods	Auto Parts:O.E.M. (Equipment)	3	DAN, LDL, STRT
Retail	Consumer Non-Durables	Packaged Foods	2	FLO, POST
Retail	Consumer Services	Consumer Electronics/Video Chains	2	FUBO, RDI
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)	4	CHWY, OSTK, REAL, SFIX

Industrial	Basic Industries	Major Chemicals: Others	7	ACET, ASPN, BCPC, CBT, CC, SCL, SLCA
Industrial	Miscellaneous	Business Services (Market Research)	2	MORN, VRSK
Industrial	Miscellaneous	Business Services (Outsourcing)	3	EXLS, PAYX, UNF
Industrial	Technology	Electrical Products	2	FN, JBL
Industrial	Capital Goods	Electrical Products	2	FARO, NOVT
Industrial	Capital Goods	Fluid Controls	2	ERII, GGG

Health	Health Care	Major Pharmaceuticals	23	ALNY, ALXN, AMGN, ANIK, APLS, ARVN, BGNE, BPMC, EBS, ESPR, HRTX, INCY, INVA, LGND, NBIX, NGM, NKTR, RARE, RGNX, RIGL, SGEN, SRPT, TGTX
Health	Health Care	Medical/Dental Instruments	10	ABMD, GMED, HSKA, IART, ICUI, INGN, MDT, MDXG, NARI, NUVA
Health	Health Care	Medical Specialities (Services)	3	BEAT, IRTC, NEO

Commodities	Basic Industries	Precious Metals	5	HL, KL, MUX, PAAS, RGLD
Commodities	Basic Industries	Precious Metals	2	BHP, RIO

Financial	Finance	Major Banks (Midwest)	2	BY, UMBF
Financial	Finance	Major Banks (Northeast)	5	EGBN, MCB, SASR, TBBK, WBS
Financial	Finance	Major Banks (Southeast)	3	BPOP, BXS, UCBI
Financial	Capital Goods	Homebuilding	5	LEN, LGIH, MDC, MHO, PHM
Financial	Miscellaneous	Business Services	5	EVTC, FOUR, IIIV, PAGS, WEX
Financial	Finance	Investment Managers	6	ARES, BX, CG, FOCS, STEP, VRTS
Financial	Consumer Services	Real Estate Investment Trusts	20	ARE, CONE, CTRE, CUBE, DCT, DOC, ELS, IIPR, LSI, MAA, MPW, PLD, PSA, REXR, SRC, STAG, STOR, SUI, VICI, WY
Financial	Consumer Services	Other Consumer Services (Specialty)	4	BCSF, BR, ENV, WU
Financial	Finance	Real Estate	4	ASR, MMI, 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.