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Daily stock market update December 31, 2020 - Market close the year strong

January 03, 2021
MCBOSS CAPITAL
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market update

How is stock market today?

Market close the year on a strong note near new highs despite a pandemic.

Overall this week, most indices did well, however, small cap Russell 2000 is showing some topping signs.

Index	Dec. 28 to 31
Nasdaq	0.65%
S&P 500	1.43%
Dow Jones	1.35%
Russell 2000	-1.45%

As no surprise by now, Nasdaq which consists of many technology stocks outperform significantly as there is more need than ever to depend on technology to do business.

Index	Year 2020
Nasdaq	43.6%
S&P 500	16.3%
Dow Jones	7.3%
Russell 2000	18.4%

What is the current support level?

Nasdaq rise up slightly, but did not make new high.

Both S&P 500 and Dow Jones made new high.

And Russell 2000 close down slightly and is sitting at its 10 days moving average. Watch for support here in the near future.

NASDAQ - above its 50 days moving average line near 12100; current at 12888
S&P 500 - above its 50 days moving average line near 3600; current at 3756
DJIA - above its 50 days moving average line near 29400; current at 30606
RUSSELL 2000 - above its 50 days moving average line near 1825; current at 1974

Psychological levels

Nasdaq is above 12000.
S&P 500 is above 3700.
Dow Jones Industrial Average is above 30000.
Small cap Russell 2000 is below 2000.

Which industry groups show strength?

There are few industry groups with strength.

Sector	Industry	Sub-group	#	Stocks
Industrial	Miscellaneous	Business Services (Market Research)	2	CSGP, NLSN

Health	Health Care	Major Pharmaceuticals (Ethical Drugs)	2	ENDP, SNY

Financial	Finance	Property-Casualty Insurers	2	FNF, MHLD

Which industry groups from recent strength show weakness today?

Relative strength drops by 2%
Financial	Finance	Commercial Banks	5	BAP, BLX, BSMX, IBN, SHG

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.