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Daily stock market update February 10, 2021 - Market face resistance
How is stock market today?
Market face resistance once again. It will be important to see if market can hold at current levels.
What is the current support level?
Nasdaq hit 14,000 for the second day but was not able to close above it.
S&P 500 also find resistance near the 3900 level, but was able to close above it for three days in a row.
Dow Jones seem to show strength as it closed at new high.
Russell 2000 is also facing resistance at the 2,300 level.
- NASDAQ - above its 50 days moving average line near 12600; current at 13972
- S&P 500 - above its 50 days moving average line near 3630; current at 3909
- DJIA - above its 50 days moving average line near 29700; current at 31437
- RUSSELL 2000 - above its 50 days moving average line near 1825; current at 2282
Psychological levels
- Nasdaq is now below14000.
- 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, TYL, YEXT |
| Technology | Technology | Computer Software: Prepackaged Software (Education/Media) | 3 | BCOV, PERI, TWOU |
| Technology | Technology | Semiconductors | 2 | HIMX, NVDA |
| Retail | Consumer Services | Clothing/Shoe/Accessory Stores | 5 | GIL, HBI, LEVI, TPR, UA |
| Retail | Consumer Durables | Specialty Chemicals | 7 | ACB, APHA, CGC, CRON, GNLN, OGI, TLRY |
| Retail | Consumer Services | Other Consumer Services | 4 | BFAM, CHGG, EDU, FC |
| Retail | Consumer Non-Durables | Package Goods/Cosmetics | 4 | EL, HLF, IFF, USNA |
| Retail | Consumer Services | Television Services | 2 | DIS, FOXA |
| Retail | Consumer Services | Newspapers/Magazines | 2 | NWS, NWSA |
| Industrial | Miscellaneous | Business Services (Market Research) | 2 | IT, SPGI |
| Industrial | Miscellaneous | Business Services (Outsourcing) | 2 | CNDT, TNET |
| Industrial | Basic Industries | Paper | 3 | CLW, GPK, WRK |
| Industrial | Consumer Services | Diversified Commercial Services | 2 | ITRN, NSSC |
| Health | Health Care | Major Pharmaceuticals (Generic Drugs) | 2 | PRGO, TARO |
| Health | Health Care | Biotechnology: Electromedical & Electrotherapeutic Apparatus | 2 | HRC, INMD |
| Commodities | Basic Industries | Precious Metals | 3 | BBL, RIO, VALE |
| Commodities | Energy | Integrated oil Companies | 5 | AM, EC, MRO, XOM, YPF |
| Commodities | Energy | Oil & Gas Production (International) | 2 | HES, OXY |
| Commodities | Energy | Oil & Gas Production (U.S.) | 6 | AXAS, CPE, CRC, OAS, PDCE, PVAC |
| Financial | Finance | Major Banks (Southeast) | 3 | FCNCA, FHN, HOMB |
| Financial | Capital Goods | Homebuilding | 4 | HOV, LEN, MHO, TMHC |
| Financial | Miscellaneous | Business Services | 5 | EEFT, GPN, IIIV, QIWI, SQ |
| Financial | Finance | Investment Managers | 10 | AMG, APO, ARCC, ARES, CG, KKR, MN, STEP, TROW, WHG |
Which industry groups from recent strength show weakness today?
| Relative strength drops by 1% | ||||
| Retail | Consumer Services | Other Specialty Stores (Leisure) | -2 | LESL, POOL |
| Relative strength drops by 2% | ||||
| Health | Finance | Specialty Insurers | -2 | HCSG, VCRA |
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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