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Daily stock market update December 23, 2020 - Market made another milestone

December 24, 2020
MCBOSS CAPITAL
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market update

How is stock market today?

Market made another milestone as small cap Russell 2000 hit another new high above the 2000 mark.

What is the current support level?

Russell 2000 continue to move higher.

Nasdaq fell slightly today but is still near recent high.

S&P 500 and DJIA continue to hover around its 10 days moving average.

NASDAQ - above its 50 days moving average line near 11700; current at 12771
S&P 500 - above its 50 days moving average line near 3400; current at 3690
DJIA - above its 50 days moving average line near 28000; current at 30129
RUSSELL 2000 - above its 50 days moving average line near 1580; current at 2007

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 2000.

Which industry groups show strength?

There are few industry groups with strength.

Sector	Industry	Sub-group	#	Stocks
Technology	Technology	EDP Services (Medical)	2	SLP, VEEV

Retail	Consumer Non-Durables	Packaged Foods	2	CPB, FRPT
Retail	Consumer Services	Consumer Electronics/Video Chains	2	FUBO, RDI

Industrial	Technology	Diversified Commercial Services	2	FLY, UHAL
Industrial	Capital Goods	Electrical Products	3	CGNX, ITRI, KEYS
Industrial	Energy	Industrial Machinery/Components	5	DDD, PRLB, SSYS, VJET, XONE

Health	Health Care	Major Pharmaceuticals	12	AERI, BLI, CRSP, EDIT, HRTX, IONS, NGM, NTLA, SGMO, SRNE, SUPN, TRVN
Health	Health Care	Medical/Dental Instruments	3	ABMD, NARI, PODD

Commodities	Energy	Industrial Machinery/Components	8	AMRC, AY, BLDP, CWEN, NEP, PLUG, REGI, TPIC
Commodities	Technology	Semiconductors (Solar)	4	CSIQ, NOVA, RUN, SPWR

Financial	Finance	Major Banks	4	BAC, BCS, GS, JPM

Which industry groups from recent strength show weakness today?

Relative strength drops by 1%
Technology	Technology	Computer Software: Prepackaged Software (Financial)	4	INTU, JKHY, PEGA, QTWO

Relative strength drops by 1%
Retail	Consumer Durables	Automotive Aftermarket	-2	CRMT, KMX

Relative strength drops by 2%
Retail	Consumer Services	Other Specialty Stores	2	ETH, LOVE

Relative strength drops by 1%			-2	FDS, SPGI
Industrial	Miscellaneous	Business Services (Market Research)

Relative strength drops by 1%
Financial	Finance	Investment Bankers/Brokers/Service	3	CS, MC, TIGR

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.