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Daily stock market update February 18, 2021 - Market show weakness

How is stock market today?

Market show weakness as the indices are trying to find support at these levels.

What is the current support level?

Nasdaq lost support at its 10 days moving average. 

S&P 500 is trying to find support near its 10 days moving average.

Dow Jones rebound from its 10 days moving average.

Russell 2000 fell to its 21 days moving average.

It is important for the indices to find support at these levels.

  • NASDAQ - above its 50 days moving average line near 13100; current at 13865
  • S&P 500 - above its 50 days moving average line near 3780; current at 3913
  • DJIA - above its 50 days moving average line near 30600; current at 31493
  • RUSSELL 2000 - above its 50 days moving average line near 2075; current at 2218

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 Services Marine Transportation 5 CCL, CUK, NCLH, RCL, VAC
Retail Miscellaneous Business Services 2 EXPE, SABR
Financial Finance Major Banks 4 HSBC, RY, SAN, WFC
Financial Consumer Services Other Consumer Services (Specialty) 2 QFIN, TW

Which industry groups from recent strength show weakness today?

Relative strength drops by 1%
Technology Technology Computer Software: Prepackaged Software (Special) -3 BL, CDK, MFGP
Relative strength drops by 1%
Technology Technology Computer Software: Prepackaged Software (Education/Media) 4 BCOV, PERI, SYNC, TWOU
Relative strength drops by 1%
Technology Technology Computer Software: Prepackaged Software (Financial) -2 BCOR, QTWO
Relative strength drops by 1%
Technology Technology EDP Services (Medical) -2 CERN, MDRX
Relative strength drops by 1%
Retail Consumer Durables Specialty Chemicals -2 CRON, TLRY
Relative strength drops by 1%
Retail Consumer Non-Durables Packaged Foods 2 FRPT, HAIN
Relative strength drops by 1%
Industrial Energy Industrial Machinery/Components -3 PRLB, SSYS, XONE
Relative strength drops by 1%
Health Health Care Major Pharmaceuticals (Generic Drugs) -2 PRGO, RDY
Below 50 days moving average
Commodities Technology Semiconductors (Solar) -3 CSIQ, NOVA, RUN
Relative strength drops by 4%
Commodities Energy Integrated oil Companies 6 BP, CVX, EC, EQT, PTR, SNP
Relative strength drops by 1%
Commodities Energy Metal Fabrications -2 FTI, GTLS
Relative strength drops by 2%
Commodities Energy Oil & Gas Production (U.S.) 9 AR, AXAS, COG, DVN, OAS, PVAC, PXD, RRC, WLL
Relative strength drops by 1%
Financial Finance Major Banks (West) 3 FRC, SI, TCBI


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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