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Daily stock market update February 16, 2021 - Market show some weakness

February 17, 2021
MCBOSS CAPITAL
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market update

How is stock market today?

Market show some weakness as the indices fell from intraday high.

What is the current support level?

Nasdaq reverse from a new intraday high and is just above 14,000.

S&P 500 also reverse from new intraday high and sits just above 3900.

Dow Jones is trading tight range near 31,500.

Russell 2000 fell and now sites closer to its 10 days moving average.

NASDAQ - above its 50 days moving average line near 12600; current at 14047
S&P 500 - above its 50 days moving average line near 3630; current at 3932
DJIA - above its 50 days moving average line near 29700; current at 31522
RUSSELL 2000 - above its 50 days moving average line near 1825; current at 2272

Psychological levels

Nasdaq is now above 14000.
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 as many industry groups showing accumulation as those showing distribution.

Sector	Industry	Sub-group	#	Stocks
Technology	Technology	Semiconductors (Equip)	8	EMKR, ENTG, ICHR, KLAC, KLIC, MKSI, ONTO, UCTT

Retail	Capital Goods	Industrial Machinery/Components	3	OLED, SYNA, ZBRA
Retail	Consumer Services	Hotels/Resorts (Lodging)	2	H, HLT
Retail	Consumer Services	Marine Transportation	6	CAR, CCL, CUK, MTN, NCLH, RCL

Commodities	Basic Industries	Precious Metals	3	BBL, BHP, RIO
Commodities	Energy	Oilfield Services/Equipment	3	HLX, NR, TUSK
Commodities	Energy	Integrated oil Companies	3	BP, RDS.A, SNP
Commodities	Energy	Oil & Gas Production (International)	2	APA, HES
Commodities	Energy	Integrated oil Companies	6	CVI, DK, MPC, PBF, UGI, VLO
Commodities	Energy	Oil & Gas Production (U.S.)	8	AR, AXAS, CLR, DVN, EOG, PHX, PVAC, RRC
Commodities	Basic Industries	Steel/Iron Ore	3	NUE, STLD, TS

Financial	Finance	Major Banks	6	BAC, BCS, DB, HSBC, SAN, WFC
Financial	Finance	Major Banks (Southeast)	2	BXS, FHN
Financial	Finance	Major Banks (Regional)	2	PNC, RF
Financial	Finance	Major Banks (West)	3	FRC, SI, TCBI
Financial	Consumer Services	Other Consumer Services (Specialty)	4	ALLY, FLT, MSCI, QFIN

Which industry groups from recent strength show weakness today?

Relative strength drops by 3%
Technology	Technology	Electronic Components	2	SIMO, TDC

Relative strength drops by 3%
Technology	Technology	Computer Software: Programming, Data Processing (Content)	14	BILI, DOYU, FENG, FTCH, HUYA, MOMO, MTCH, PINS, TWTR, UPWK, YELP, YNDX, YY, Z

Relative strength drops by 4%
Retail	Consumer Non-Durables	Plastic Products	-2	IRBT, NWL

Relative strength drops by 2%
Retail	Consumer Durables	Automotive Aftermarket	2	SAH, VRM

Relative strength drops by 1%
Retail	Consumer Services	Restaurants	3	CHUY, NDLS, YUMC

Relative strength drops by 9%
Industrial	Capital Goods	Fluid Controls	4	FTV, HY, MNTX, SXI

Relative strength drops by 5%
Industrial	Transportation	Trucking Freight/Courier Services	4	ARCB, FWRD, PTSI, SAIA

Relative strength drops by 10%
Health	Health Care	Medical/Dental Instruments	2	SNN, VIVO

Relative strength drops by 2%
Commodities	Basic Industries	Agricultural Chemicals	2	AVD, MOS

Relative strength drops by 3%
Financial	Miscellaneous	Business Services	3	EEFT, QIWI, SQ

Relative strength drops by 1%
Financial	Finance	Real Estate	3	FSV, RDFN, TPL

Relative strength drops by 1%
Financial	Finance	Real Estate	3	FSV, RDFN, TPL

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.