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Daily stock market update January 11, 2021 - Market slide back

January 12, 2021
MCBOSS CAPITAL
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market update

How is stock market today?

Market slide back from new recent high.

What is the current support level?

Nasdaq, S&P 500, DJIA, and Russell 2000 pull back slightly, but they are still comfortably above its 10 days moving average.

NASDAQ - above its 50 days moving average line near 12100; current at 13306
S&P 500 - above its 50 days moving average line near 3600; current at 3799
DJIA - above its 50 days moving average line near 29400; current at 31008
RUSSELL 2000 - above its 50 days moving average line near 1825; current at 2091

Psychological levels

Nasdaq is now above 13000.
S&P 500 is now above 3800.
Dow Jones Industrial Average is now above 31000.
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	Semiconductors	5	AMD, CEVA, HIMX, NVDA, XLNX
Technology	Technology	Semiconductors (Equip)	4	AMAT, COHU, KLAC, TER

Retail	Consumer Durables	Specialty Chemicals	3	CGC, CRON, GNLN

Health	Health Care	Major Pharmaceuticals (Ethical Drugs)	2	BMY, MRK
Health	Health Care	Biotechnology: Commercial Physical & Biological Resarch	3	AVTR, CRL, MYGN

Which industry groups from recent strength show weakness today?

Relative strength drops by 8%
Industrial	Consumer Durables	Building Products	3	MAS, MHK, OC

Relative strength drops by 4%
Industrial	Capital Goods	Fluid Controls	13	BMI, CFX, DXPE, ERII, ESE, FTV, GGG, HY, MNTX, NDSN, PNR, RXN, SXI

Relative strength drops by 4%
Health	Health Care	Major Pharmaceuticals	20	ALNY, AMGN, ANAB, CHRS, CRSP, EDIT, ENTA, EXEL, GILD, GMAB, ICPT, INCY, LGND, NBIX, NTLA, PCRX, REGN, RGNX, STRO, UTHR

Relative strength drops by 1%
Financial	Miscellaneous	Business Services	-2	PAGS, SQ

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.