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Daily stock market update February 22, 2021 - Market show mixed signals again
How is stock market today?
Once again market show mixed signals. It seems like growth stocks may be weakening while cyclical and value stocks continue to hold up. More analysts are debating whether this mixed trend will continue.
What is the current support level?
Nasdaq fell through both its 10 and 21 days moving average. During this recent uptrend, this is the second time it has lost support. Last time was on Jan. 29. It quickly found support after. Be mindful that if support fell here, it could continue to deteriorate towards its 200 days moving average.
S&P 500 fell to its 21 days moving average.
Dow Jones and Russell 2000 continue to find support at its 10 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 13533
- S&P 500 - above its 50 days moving average line near 3780; current at 3876
- DJIA - above its 50 days moving average line near 30600; current at 31521
- RUSSELL 2000 - above its 50 days moving average line near 2075; current at 2251
Psychological levels
- Nasdaq is below 14000.
- S&P 500 is below 3900.
- Dow Jones Industrial Average is above 31000.
- Small cap Russell 2000 is above 2200.
Which industry groups show strength?
There are more industry groups showing accumulation.
Sector | Industry | Sub-group | # | Stocks |
Retail | Capital Goods | Auto Parts:O.E.M. (Equipment) | 4 | DAN, LDL, MGA, TEN |
Retail | Consumer Durables | Automotive Aftermarket | 2 | CTB, GT |
Retail | Consumer Services | Hotels/Resorts (Gaming) | 3 | BYD, MCRI, MGM |
Retail | Consumer Services | Hotels/Resorts (Lodging) | 3 | HLT, IHG, MAR |
Retail | Miscellaneous | Business Services | 2 | BKNG, TRVG |
Retail | Consumer Services | Television Services | 2 | DIS, FOXA |
Retail | Consumer Services | Television Services | 4 | DISCA, DISCK, NXST, TGNA |
Retail | Transportation | Air Freight/Delivery Services | 9 | AAL, ALGT, CPA, DAL, HA, JBLU, LUV, RYAAY, SKYW |
Industrial | Capital Goods | Engineering & Construction | 3 | GVA, PRIM, STRL |
Industrial | Basic Industries | Major Chemicals: Plastics | 3 | DOW, KRA, TSE |
Industrial | Technology | Diversified Commercial Services | 8 | AER, AL, FLY, HRI, RCII, TGH, TRTN, URI |
Industrial | Technology | Professional Services | 6 | CCRN, HSII, KFRC, KFY, MAN, TBI |
Industrial | Basic Industries | Aluminum | 3 | CMC, KALU, WOR |
Commodities | Energy | Coal Mining | 3 | ARCH, BTU, HCC |
Commodities | Capital Goods | Construction/Ag Equipment/Trucks | 3 | CAT, MTW, TEX |
Commodities | Energy | Oilfield Services/Equipment | 5 | FTK, HAL, HLX, OIS, SLB |
Commodities | Energy | Integrated oil Companies | 6 | CVX, MRO, PTR, RDS.A, SNP, XOM |
Commodities | Energy | Oil & Gas Production (International) | 3 | APA, COP, HES |
Commodities | Energy | Metal Fabrications | 3 | GEOS, NOV, WHD |
Commodities | Energy | Integrated oil Companies | 7 | CVI, DK, HFC, MPC, NS, PSX, VLO |
Commodities | Energy | Oil & Gas Production (U.S.) | 9 | AXAS, BCEI, CPE, EOG, OAS, PDCE, PVAC, PXD, WLL |
Financial | Finance | Major Banks (Midwest) | 5 | ASB, HBNC, MBIN, UMBF, WTFC |
Financial | Finance | Major Banks (Northeast) | 8 | BMTC, CFG, CUBI, EGBN, HONE, MTB, SASR, WBS |
Financial | Finance | Major Banks (Southeast) | 4 | BPOP, FBK, FCNCA, SFNC |
Financial | Finance | Major Banks (West) | 9 | CADE, EWBC, FIBK, FRC, GBCI, HMST, HTH, PB, WAL |
Financial | Finance | Major Banks (Savings) | 5 | ISBC, KRNY, NWBI, PBCT, STL |
Financial | Finance | Life Insurance | 2 | MET, PRU |
Which industry groups from recent strength show weakness today?
Relative strength drops by 1% | ||||
Retail | Consumer Non-Durables | Meat/Poultry/Fish | -2 | BRFS, IBA |
Relative strength drops by 1% | ||||
Retail | Consumer Services | Consumer Electronics/Video Chains | 2 | AVID, GAIA |
Relative strength drops by 7% | ||||
Retail | Consumer Services | Marine Transportation | 8 | CAR, CCL, CUK, LYFT, NCLH, PLNT, RCL, VAC |
Relative strength drops by 5% | ||||
Industrial | Technology | Advertising | 3 | BOMN, OMC, TTD |
Relative strength drops by 1% | ||||
Industrial | Miscellaneous | Business Services (Market Research) | -4 | CSGP, MORN, TRI, VRSK |
Relative strength drops by 1% | ||||
Industrial | Consumer Services | Diversified Commercial Services | 2 | ITRN, NSSC |
Relative strength drops by 1% | ||||
Commodities | Capital Goods | Industrial Machinery/Components | 2 | ALG, LNN |
Relative strength drops by 3% | ||||
Financial | Finance | Major Banks | 5 | BCS, DB, RY, SAN, WFC |
Relative strength drops by 3% | ||||
Financial | Finance | Investment Bankers/Brokers/Service | 8 | AMP, BGCP, COWN, CS, RJF, SCHW, SF, TIGR |
Relative strength drops by 2% | ||||
Financial | Consumer Services | Other Consumer Services (Specialty) | -2 | TRU, VIRT |
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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