Life is memorable. Share your experience. Help others. Return the favor.
Terms Of Use
Privacy Policy
About
FAQ
Help
Contact Us
As an Amazon Associate and affiliate with other third parties, Echofavor earn from qualifying purchases and display advertisements.
0.4501804
Daily stock market update February 23, 2021 - Market had a wild ride
How is stock market today?
Market had a wild ride today. Many growth stocks suffer big losses in the morning before rebounding back to narrow its losses.
What is the current support level?
Nasdaq gap down and fell through its 50 days moving average. It did rebound above this level by the end of the day, but it still suffer a damage.
S&P 500 also fell to its 50 days moving average before rebounding to near its 10 and 21 days moving average.
Dow Jones and Russell 2000 continue to find support near 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 13465
- S&P 500 - above its 50 days moving average line near 3780; current at 3881
- DJIA - above its 50 days moving average line near 30600; current at 31537
- RUSSELL 2000 - above its 50 days moving average line near 2075; current at 2231
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 | Consumer Durables | Automotive Aftermarket | 3 | CTB, GT, TWI |
| Retail | Consumer Services | Hotels/Resorts (Gaming) | 6 | BYD, CZR, LVS, MCRI, MGM, WYNN |
| Retail | Consumer Services | Hotels/Resorts (Lodging) | 4 | H, HLT, IHG, MAR |
| Retail | Consumer Services | Marine Transportation | 9 | CAR, CCL, CUK, NCLH, PLNT, RCL, SEAS, SIX, VAC |
| Retail | Miscellaneous | Business Services | 3 | BKNG, TCOM, TRVG |
| Retail | Consumer Services | Television Services | 7 | DISCA, DISCK, GTN, NXST, SBGI, SSP, TGNA |
| Retail | Consumer Services | Department/Specialty Retail Stores | 2 | DDS, KSS |
| Retail | Transportation | Air Freight/Delivery Services | 11 | AAL, ALK, CPA, DAL, HA, JBLU, LUV, RYAAY, SAVE, SKYW, UAL |
| Industrial | Technology | Diversified Commercial Services | 9 | AER, AL, HRI, R, RCII, TGH, TRTN, UHAL, URI |
| Industrial | Technology | Professional Services | 7 | ASGN, HSII, KFRC, KFY, MAN, RHI, TBI |
| Industrial | Basic Industries | Aluminum | 4 | CMC, KALU, TKR, WOR |
| Industrial | Basic Industries | Paper | 3 | AIN, IP, WRK |
| Industrial | Capital Goods | Wholesale Distributors | 2 | BLBD, GBX |
| Commodities | Energy | Coal Mining | 3 | ARCH, BTU, HCC |
| Commodities | Capital Goods | Construction/Ag Equipment/Trucks | 3 | CAT, MTW, TEX |
| Commodities | Energy | Oilfield Services/Equipment | 4 | FTK, HAL, NR, SLB |
| Commodities | Energy | Integrated oil Companies | 10 | BP, CVX, EC, MRO, PTR, RDS.A, SNP, TOT, WMB, XOM |
| Commodities | Energy | Oil & Gas Production (International) | 4 | APA, COP, HES, OXY |
| Commodities | Energy | Integrated oil Companies | 6 | CVI, DK, HFC, MPC, NS, VLO |
| Commodities | Energy | Natural Gas Distribution | 3 | ENB, ENBL, MMP |
| Commodities | Energy | Oil & Gas Production (U.S.) | 8 | CPE, DVN, OAS, PDCE, PXD, WLL, WTI, XEC |
| Commodities | Basic Industries | Steel/Iron Ore | 3 | GGB, NUE, PKX |
| Financial | Finance | Major Banks (Midwest) | 6 | ASB, CBSH, HBNC, MBIN, UMBF, WTFC |
| Financial | Finance | Major Banks | 9 | BAC, BCS, BK, C, DB, JPM, MS, RY, TD |
| Financial | Finance | Major Banks (Northeast) | 9 | BMTC, CFG, CUBI, EBSB, EGBN, HONE, MTB, SASR, WBS |
| Financial | Finance | Major Banks (Southeast) | 7 | BPOP, BXS, FBK, FCNCA, HOMB, SFNC, UCBI |
| Financial | Finance | Major Banks (West) | 11 | ABTX, CADE, EWBC, FIBK, FRC, GBCI, HMST, IBTX, PB, TCBI, WAL |
| Financial | Consumer Services | Real Estate Investment Trusts | 18 | AVB, CPT, CUBE, EPR, EPRT, ESS, EXR, HIW, MAA, NNN, PSB, ROIC, SLG, STOR, SUI, UDR, VICI, VNO |
| Financial | Finance | Major Banks (Savings) | 4 | KRNY, NWBI, PBCT, STL |
Which industry groups from recent strength show weakness today?
| Relative strength drops by 1% | ||||
| Technology | Technology | Radio And Television Broadcasting And Communications Equipment | 2 | CMTL, LORL |
| Relative strength drops by 3% | ||||
| Retail | Capital Goods | Auto Parts:O.E.M. (Equipment) | 4 | DAN, LDL, MGA, TEN |
| Relative strength drops by 1% | ||||
| Industrial | Basic Industries | Major Chemicals: Plastics | 3 | DOW, KRA, TSE |
| Relative strength drops by 2% | ||||
| Industrial | Consumer Durables | Metal Fabrications | 3 | ABB, GNRC, WIRE |
| Relative strength drops by 1% | ||||
| Industrial | Basic Industries | Environmental Services | -2 | WCN, WM |
| Relative strength drops by 1% | ||||
| Health | Health Care | Major Pharmaceuticals (Diversified) | -4 | ABT, AZN, DHR, GSK |
| Relative strength drops by 1% | ||||
| Health | Health Care | Major Pharmaceuticals (Ethical Drugs) | -2 | PFE, ZTS |
| Relative strength drops by 2% | ||||
| Financial | Finance | Major Banks (Regional) | 2 | PNC, RF |
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.
|
|
||||
| Copyright © Echofavor 2021. All Rights Reserved. | Powered by Echofavor |
