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Daily stock market update December 21, 2020 - Market made an impressive come back

December 22, 2020
MCBOSS CAPITAL
52 views

market update

How is stock market today?

Market made an impressive come back from early morning losses.

What is the current support level?

Nasdaq and Russell 2000 rebound from its 10 days moving average.

S&P 500 and DJIA also found support from its 21 days moving average.

NASDAQ - above its 50 days moving average line near 11700; current at 12742
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 30216
RUSSELL 2000 - above its 50 days moving average line near 1580; current at 1970

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 many industry groups with strength.

Sector	Industry	Sub-group	#	Stocks
Technology	Technology	Computer Software: Prepackaged Software (Special)	5	AI, ALRM, HUBS, SPSC, ZUO
Technology	Technology	Computer Software: Prepackaged Software (Database)	4	CVLT, MDB, SPLK, VRNS

Retail	Consumer Services	Consumer Electronics/Video Chains	2	FUBO, ROKU

Health	Health Care	Major Pharmaceuticals	11	BLI, CGEN, CRSP, EDIT, HRTX, IONS, NGM, NTLA, RGNX, SGMO, VYGR

Commodities	Technology	Semiconductors (Solar)	3	CSIQ, NOVA, SPWR

Financial	Finance	Major Banks	6	BAC, BK, C, GS, JPM, MS

Which industry groups from recent strength show weakness today?

Relative strength drops by 10%
Technology	Technology	Computer Software: Prepackaged Software (Enterprise)	18	APPS, ATEN, CDLX, COUP, DDOG, DOMO, DT, FIVN, LPSN, MIXT, NOW, NTNX, PAYC, PCTY, QADA, SHOP, SNCR, WDAY

Relative strength drops by 2%
Retail	Consumer Services	Other Specialty Stores	4	HVT, KIRK, LOVE, LZB

Relative strength drops by 5%
Retail	Miscellaneous	Business Services (Internet)	4	CHWY, ETSY, REAL, SFIX

Relative strength drops by 5%
Industrial	Consumer Durables	Building Products	12	AMWD, APOG, BLD, BLDR, BMCH, FBHS, MAS, MHK, OC, PGTI, TILE, TREX

Relative strength drops by 10%
Financial	Miscellaneous	Business Services	-2	ADS, QIWI

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.