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Daily stock market update January 5, 2021 - Market rebound

January 06, 2021
MCBOSS CAPITAL
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market update

How is stock market today?

Market rebound on second trading session of 2021, although much weaker gains than previous day's losses. The senate run outcome might affect tomorrow's trading on Wednesday Jan. 6, 2021. Tomorrow is also the day when all senators will approve the election results.

What is the current support level?

Nasdaq, S&P 500, DJIA and Russell 2000 found support at its 10 days moving average. This is critical support level for this rally to continue.

NASDAQ - above its 50 days moving average line near 12100; current at 12818
S&P 500 - above its 50 days moving average line near 3600; current at 3726
DJIA - above its 50 days moving average line near 29400; current at 30391
RUSSELL 2000 - above its 50 days moving average line near 1825; current at 1979

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 many industry groups with strength.

Sector	Industry	Sub-group	#	Stocks
Technology	Technology	Electronic Components	3	MU, SGH, TDC
Technology	Technology	Semiconductors (Equip)	7	AMAT, ASML, COHU, KLAC, LRCX, MKSI, UCTT
Technology	Technology	Semiconductors (Manufacturing)	7	DIOD, MCHP, MTSI, POWI, STM, TSEM, TSM

Industrial	Basic Industries	Major Chemicals	3	CE, HUN, WLK
Industrial	Basic Industries	Major Chemicals: Plastics	2	EMN, KRA
Industrial	Basic Industries	Major Chemicals: Others	7	ALB, APD, FF, FUL, SCL, SLCA, SOI
Industrial	Basic Industries	Aluminum	4	CMC, MTRN, ROCK, WOR

Health	Finance	Specialty Insurers	3	HCSG, PRSC, VCRA
Health	Health Care	Major Pharmaceuticals (Generic Drugs)	4	EGRX, RDY, TARO, TEVA
Health	Health Care	Biotechnology: Commercial Physical & Biological Resarch	3	FLGT, PKI, TMO

Commodities	Basic Industries	Agricultural Chemicals	2	AVD, MOS
Commodities	Energy	Coal Mining	2	BTU, HCC
Commodities	Basic Industries	Precious Metals	6	HL, MUX, NEM, PAAS, PVG, WPM
Commodities	Basic Industries	Precious Metals	7	BBL, BHP, CLF, FCX, RIO, SCCO, VALE
Commodities	Energy	Oil & Gas Production (Canada)	2	CNQ, ERF
Commodities	Energy	Oilfield Services/Equipment	6	CLB, HAL, HLX, OII, OIS, RES
Commodities	Energy	Integrated oil Companies	9	BP, EC, MRO, PBR, PTR, RDS.A, SNP, TOT, XOM
Commodities	Energy	Metal Fabrications	4	DRQ, FTI, NOV, WHD
Commodities	Energy	Natural Gas Distribution	6	ENB, EPD, GLOG, MMP, SHLX, WES
Commodities	Energy	Oil & Gas Production (U.S.)	13	AR, BCEI, CLR, DVN, MTDR, OAS, PE, PXD, SM, VNOM, WLL, WPX, XEC
Commodities	Basic Industries	Steel/Iron Ore	4	GGB, MT, NUE, TS

Which industry groups from recent strength show weakness today?

Relative strength drops by 2%
Technology	Consumer Services	Television Services	-2	CABO, CMCSA

Relative strength drops by 1%
Retail	Consumer Non-Durables	Packaged Foods	2	CPB, FRPT

Relative strength drops by 1%
Retail	Consumer Non-Durables	Food Distributors	2	CORE, USFD

Relative strength drops by 2%
Industrial	Capital Goods	Electrical Products	3	CGNX, ITRI, KEYS

Relative strength drops by 1%
Industrial	Miscellaneous	Industrial Machinery/Components	2	AVT, VSH

Relative strength drops by 1%
Health	Health Care	Major Pharmaceuticals (Diversified)	3	ABT, JNJ, LLY

Relative strength drops by 1%
Health	Health Care	Biotechnology: Electromedical & Electrotherapeutic Apparatus	2	ISRG, PLSE

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.