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Daily stock market update February 19, 2021 - Market show mixed signals
How is stock market today?
Market show mixed signals once again on Friday. It seems like growth stocks may be weakening while value stocks continue to hold up.
For the week, Nasdaq, S&P 500 and Russell 2000 fell but Dow Jones is up slightly.
| Index | Feb. 16-19 |
| Nasdaq | -1.57% |
| S&P 500 | -0.71% |
| Dow Jones | 0.11% |
| Russell 2000 | -0.99% |
What is the current support level?
Nasdaq rebound to near its 10 days moving average.
S&P 500 fell to its 10 days moving average.
Dow Jones found support at its 10 days moving average.
Russell 2000 rebound from its 10 and 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 13874
- S&P 500 - above its 50 days moving average line near 3780; current at 3906
- DJIA - above its 50 days moving average line near 30600; current at 31494
- RUSSELL 2000 - above its 50 days moving average line near 2075; current at 2266
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 some industry groups showing accumulation.
| Sector | Industry | Sub-group | # | Stocks |
| Technology | Technology | Computer Software: Prepackaged Software (Education/Media) | 2 | BCOV, SPOT |
| Retail | Consumer Services | Hotels/Resorts (Lodging) | 5 | CHH, H, HLT, IHG, MAR |
| Retail | Consumer Services | Marine Transportation | 8 | CAR, CCL, CUK, LYFT, NCLH, PLNT, RCL, VAC |
| Retail | Miscellaneous | Business Services | 4 | EXPE, MMYT, SABR, TCOM |
| Industrial | Technology | Advertising | 3 | BOMN, OMC, TTD |
| Industrial | Consumer Durables | Metal Fabrications | 3 | ABB, GNRC, WIRE |
| Commodities | Basic Industries | Precious Metals | 5 | BBL, BHP, FCX, RIO, SCCO |
| Commodities | Energy | Oil & Gas Production (U.S.) | 2 | COG, WLL |
| Financial | Finance | Major Banks | 5 | BCS, DB, RY, SAN, WFC |
| Financial | Finance | Investment Bankers/Brokers/Service | 8 | AMP, BGCP, COWN, CS, RJF, SCHW, SF, TIGR |
| Financial | Consumer Services | Other Consumer Services (Specialty) | 2 | QFIN, TW |
| Financial | Finance | Specialty Insurers | 2 | AJG, MMC |
Which industry groups from recent strength show weakness today?
| Relative strength drops by 10% | ||||
| Technology | Technology | EDP Services (Tech Services) | 4 | CDW, CTG, EGOV, HPE |
| Relative strength drops by 1% | ||||
| Technology | Technology | EDP Services | -2 | FFIV, GTT |
| Relative strength drops by 1% | ||||
| Technology | Technology | Radio And Television Broadcasting And Communications Equipment | -2 | COMM, DY |
| Relative strength drops by 8% | ||||
| Retail | Consumer Non-Durables | Package Goods/Cosmetics | -2 | HLF, PG |
| Relative strength drops by 1% | ||||
| Retail | Capital Goods | Industrial Machinery/Components | 3 | OLED, SYNA, ZBRA |
| Relative strength drops by 1% | ||||
| Industrial | Capital Goods | Military/Government/Technical | 4 | CODA, SPCE, TDG, TGI |
| Relative strength drops by 2% | ||||
| Industrial | Miscellaneous | Business Services (Outsourcing) | -3 | CNDT, EXLS, HQY |
| Relative strength drops by 10% | ||||
| Health | Health Care | Biotechnology: Electromedical & Electrotherapeutic Apparatus | -3 | HOLX, ISRG, STE |
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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