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Daily stock market update February 17, 2021 - Market show mixed signals

How is stock market today?

Market is showing mixed signals as Dow Jones hit new high but other indices are trying to find support at current levels.

What is the current support level?

Nasdaq and Russell 2000 are trying to hold onto its 10 days moving average. 

S&P 500 found support at its 10 days moving average.

Dow Jones made a new closing high.

  • NASDAQ - above its 50 days moving average line near 13100; current at 13965
  • S&P 500 - above its 50 days moving average line near 3780; current at 3931
  • DJIA - above its 50 days moving average line near 30600; current at 31613
  • RUSSELL 2000 - above its 50 days moving average line near 2075; current at 2256

Psychological levels

  • Nasdaq is now below 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 few industry groups showing accumulation. 

Sector Industry Sub-group # Stocks
Retail Consumer Non-Durables Beverages Alcoholic (Production/Distribution) 2 MGPI, SAM
Retail Consumer Services Marine Transportation 5 CCL, CUK, NCLH, RCL, VAC
Commodities Basic Industries Precious Metals 3 BHP, FCX, SCCO
Commodities Energy Oilfield Services/Equipment 3 NR, RES, TUSK
Commodities Energy Integrated oil Companies 6 BP, CVX, EC, EQT, PTR, SNP
Commodities Energy Oil & Gas Production (International) 2 APA, HES
Commodities Energy Integrated oil Companies 5 CVI, DK, MPC, UGI, VLO
Commodities Energy Oil & Gas Production (U.S.) 9 AR, AXAS, COG, DVN, OAS, PVAC, PXD, RRC, WLL
Financial Finance Major Banks 6 BCS, DB, HSBC, RY, SAN, WFC


Which industry groups from recent strength show weakness today?

Relative strength drops by 4%
Technology Technology Semiconductors -3 CRUS, MRVL, QCOM
Relative strength drops by 2%
Technology Technology Semiconductors (Equip) 8 EMKR, ENTG, ICHR, KLAC, KLIC, MKSI, ONTO, UCTT
Relative strength drops by 1%
Retail Consumer Non-Durables Beverages Non-Alcoholic (Production/Distribution) 2 FIZZ, NBEV
Relative strength drops by 2%
Retail Consumer Services Hotels/Resorts (Lodging) 2 H, HLT
Relative strength drops by 10%
Retail Miscellaneous Business Services (Internet) 5 AMZN, EBAY, FVRR, LITB, VIPS
Relative strength drops by 1%
Industrial Consumer Durables Building Products -2 FBHS, WTS
Relative strength drops by 1%
Industrial Technology Advertising 2 CRTO, TTGT
Relative strength drops by 1%
Industrial Consumer Durables Metal Fabrications 3 AME, ENS, GNRC
Relative strength drops by 1%
Health Health Care Biotechnology: Commercial Physical & Biological Research 7 BIO, CRL, ILMN, IQV, MEDP, PPD, TECH
Relative strength drops by 1%
Financial Capital Goods Homebuilding 6 CCS, HOV, MDC, MHO, MTH, TMHC
Relative strength drops by 3%
Financial Finance Finance: Consumer Services 2 LX, YRD
Relative strength drops by 3%
Financial Finance Investment Managers 7 AMG, ARES, BAM, CG, EV, KKR, WHG


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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