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Daily stock market update February 8, 2021 - Market rise to new high
How is stock market today?
Market rise to new highs to start the week. The market is getting a little overheated as some indices are on a six day run and Russell 2000 is showing parabolic move.
What is the current support level?
Nasdaq, S&P 500, DJIA and Russell 2000 all hit new high.
- NASDAQ - above its 50 days moving average line near 12600; current at 13987
- S&P 500 - above its 50 days moving average line near 3630; current at 3915
- DJIA - above its 50 days moving average line near 29700; current at 31385
- RUSSELL 2000 - above its 50 days moving average line near 1825; current at 2289
Psychological levels
- Nasdaq is now above 13000.
- S&P 500 rise above 3900.
- Dow Jones Industrial Average is above 31000.
- Small cap Russell 2000 is above 2200.
Which industry groups show strength?
There are many industry groups with strength.
| Sector | Industry | Sub-group | # | Stocks |
| Technology | Technology | Computer Software: Prepackaged Software (Special) | 4 | APPF, AVLR, CDK, ZUO |
| Technology | Technology | EDP Services (Gaming) | 3 | GLUU, TTWO, ZNGA |
| Technology | Technology | Electronic Components | 2 | SIMO, TDC |
| Technology | Technology | Semiconductors | 3 | AMD, HIMX, NVDA |
| Technology | Technology | Semiconductors (Equip) | 4 | ACLS, CCMP, COHR, ICHR |
| Technology | Technology | Semiconductors (Manufacturing) | 6 | AMKR, CTS, MCHP, MX, ON, STM |
| Technology | Technology | Radio And Television Broadcasting And Communications Equipment | 3 | CLRO, RNET, VSAT |
| Retail | Consumer Non-Durables | Consumer Electronics/Appliances | 2 | GRMN, SONO |
| Retail | Consumer Durables | Specialty Chemicals | 5 | ACB, APHA, CRON, OGI, TLRY |
| Retail | Consumer Non-Durables | Package Goods/Cosmetics | 2 | HLF, LFVN |
| Retail | Consumer Services | Television Services | 3 | DIS, FOXA, TV |
| Retail | Consumer Durables | Automotive Aftermarket | 4 | ABG, CARS, GPI, VRM |
| Industrial | Consumer Durables | Consumer Electronics/Appliances | 3 | AAON, FIX, WSO |
| Industrial | Consumer Durables | Building Products | 2 | ATKR, TREX |
| Industrial | Basic Industries | Forest Products | 3 | BCC, LPX, UFPI |
| Industrial | Technology | Professional Services | 3 | CCRN, KFRC, KFY |
| Industrial | Consumer Durables | Metal Fabrications | 2 | AME, ENS |
| Industrial | Capital Goods | Fluid Controls | 4 | BMI, ERII, HY, ITW |
| Industrial | Energy | Industrial Machinery/Components | 3 | SSYS, VJET, XONE |
| Industrial | Basic Industries | Aluminum | 5 | CENX, CMC, KALU, NNBR, VMI |
| Industrial | Basic Industries | Paper | 2 | CLW, SWM |
| Industrial | Basic Industries | Environmental Services | 3 | CECE, CLH, ECOL |
| Industrial | Consumer Services | Diversified Commercial Services | 2 | ALLE, NSSC |
| Industrial | Capital Goods | Wholesale Distributors | 2 | BLBD, GBX |
| Industrial | Transportation | Trucking Freight/Courier Services | 2 | FWRD, SAIA |
| Health | Health Care | Major Pharmaceuticals | 14 | ACET, ALKS, ANAB, BHVN, CGEN, CORT, EBS, HZNP, PBYI, RIGL, SPPI, SRNE, TBIO, TRVN |
| Health | Health Care | Medical/Dental Instruments | 4 | ANGO, HSKA, THC, TRIB |
| Health | Health Care | Biotechnology: Commercial Physical & Biological Resarch | 3 | BIO, FLGT, MEDP |
| Health | Health Care | Medical Specialities (Services) | 2 | NEO, TVTY |
| Commodities | Energy | Industrial Machinery/Components | 4 | BEP, CLNE, EVA, REGI |
| Commodities | Capital Goods | Construction/Ag Equipment/Trucks | 3 | CNHI, MTW, TEX |
| Commodities | Basic Industries | Precious Metals | 3 | AA, RIO, VALE |
| Commodities | Energy | Oil & Gas Production (Canada) | 2 | CNQ, ERF |
| Commodities | Energy | Integrated oil Companies | 6 | EC, MRO, RDS.A, TOT, XOM, YPF |
| Commodities | Energy | Oil & Gas Production (International) | 3 | APA, COP, OXY |
| Commodities | Energy | Integrated oil Companies | 3 | CZZ, MPC, VLO |
| Commodities | Energy | Natural Gas Distribution | 3 | PAA, PAGP, PSXP |
| Commodities | Energy | Oil & Gas Production (U.S.) | 8 | CPE, CRC, OAS, PDCE, PHX, PVAC, SWN, WTI |
| Financial | Finance | Major Banks (Northeast) | 3 | CUBI, MCB, SBNY |
| Financial | Finance | Major Banks (Southeast) | 2 | FCNCA, FHN |
| Financial | Finance | Major Banks (West) | 3 | CADE, SI, TCBI |
| Financial | Capital Goods | Homebuilding | 5 | CCS, LEN, MDC, MHO, TMHC |
| Financial | Miscellaneous | Business Services | 4 | IIIV, PAYS, QIWI, SQ |
| Financial | Finance | Investment Managers | 4 | AB, AMG, KKR, MN |
| Financial | Finance | Life Insurance | 2 | MET, PUK |
| Financial | Finance | Real Estate | 4 | ASR, FOR, JLL, TPL |
Which industry groups from recent strength show weakness today?
| Relative strength drops by 7% | ||||
| Retail | Consumer Services | Clothing/Shoe/Accessory Stores | 4 | COLM, GIL, GOOS, TPR |
| Relative strength drops by 1% | ||||
| Retail | Consumer Services | Restaurants | 5 | BLMN, CMG, FRGI, GTIM, TXRH |
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.
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