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Daily stock market update February 24, 2021 - Market show strength
How is stock market today?
Market show strength today especially in the cyclical and value stocks.
What is the current support level?
Nasdaq rebound but it is still below its 21 days moving average.
S&P 500 rebound above its 10 and 21 days moving average.
Dow Jones made new high today.
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 13597
- S&P 500 - above its 50 days moving average line near 3780; current at 3925
- DJIA - above its 50 days moving average line near 30600; current at 31961
- RUSSELL 2000 - above its 50 days moving average line near 2075; current at 2284
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 |
| Technology | Technology | Computer Manufacturing | 3 | HPQ, SMCI, TACT |
| Technology | Technology | Radio And Television Broadcasting And Communications Equipment | 3 | ADTN, CMTL, LORL |
| Retail | Consumer Durables | Automotive Aftermarket | 3 | CTB, GT, TWI |
| Retail | Consumer Non-Durables | Consumer Electronics/Appliances | 2 | KOSS, SONO |
| Retail | Consumer Durables | Office Equipment/Supplies/Services | 2 | FLXS, TPX |
| Retail | Consumer Services | Hotels/Resorts (Gaming) | 6 | BYD, CZR, LVS, MCRI, MGM, WYNN |
| Retail | Consumer Services | Hotels/Resorts (Lodging) | 5 | H, HLT, IHG, MAR, STAY |
| Retail | Miscellaneous | Business Services | 5 | BKNG, EXPE, SABR, TCOM, TRVG |
| Retail | Consumer Services | Television Services | 5 | GTN, NXST, SBGI, SSP, TGNA |
| Retail | Consumer Services | Clothing/Shoe/Accessory Stores | 6 | BOOT, DLTH, FL, GPS, ROST, TJX |
| Retail | Consumer Non-Durables | Farming/Seeds/Milling | 2 | MO, VGR |
| Retail | Transportation | Air Freight/Delivery Services | 13 | AAL, ALGT, ALK, AZUL, CPA, DAL, HA, JBLU, LUV, RYAAY, SAVE, SKYW, UAL |
| Retail | Consumer Non-Durables | Food Distributors | 2 | PFGC, USFD |
| Industrial | Capital Goods | Military/Government/Technical | 11 | ATRO, BA, CW, HII, HXL, LMT, NOC, SPR, TDG, TGI, TXT |
| Industrial | Basic Industries | Mining & Quarrying of Nonmetallic Minerals (No Fuels) | 4 | CRH, EXP, SUM, VMC |
| Industrial | Consumer Durables | Building Products | 9 | APOG, ATKR, AWI, FRTA, MHK, MWA, PGTI, TILE, WMS |
| Industrial | Capital Goods | Engineering & Construction | 9 | ACM, AGX, FLR, GVA, PRIM, PWR, ROAD, STRL, TPC |
| Industrial | Industrial | Consumer Non-Durables | 2 | PATK, WGO |
| Industrial | Basic Industries | Major Chemicals: Plastics | 3 | DOW, KRA, TSE |
| Industrial | Technology | Diversified Commercial Services | 10 | AER, AL, HEES, HRI, R, RCII, TGH, TRTN, UHAL, URI |
| Industrial | Miscellaneous | Business Services (Outsourcing) | 3 | ARMK, NSP, PAYX |
| Industrial | Technology | Professional Services | 8 | ASGN, CCRN, HSII, KFRC, KFY, MAN, RHI, TBI |
| Industrial | Capital Goods | Fluid Controls | 7 | CFX, DOV, ERII, IR, ITT, NDSN, PH |
| Industrial | Basic Industries | Aluminum | 7 | CENX, CMC, IIIN, KALU, TKR, VMI, WOR |
| Industrial | Basic Industries | Paper | 3 | AIN, IP, WRK |
| Industrial | Basic Industries | Environmental Services | 3 | CECE, CLH, TISI |
| Industrial | Capital Goods | Wholesale Distributors | 2 | BLBD, GBX |
| Health | Health Care | Hospital/Nursing Management | 2 | SEM, UHS |
| Health | Health Care | Other Pharmaceuticals | 2 | CAH, OMI |
| Commodities | Energy | Coal Mining | 3 | ARCH, BTU, HCC |
| Commodities | Capital Goods | Construction/Ag Equipment/Trucks | 3 | CAT, MTW, TEX |
| Commodities | Capital Goods | Industrial Machinery/Components | 2 | AGCO, DE |
| Commodities | Energy | Oil & Gas Production (Canada) | 2 | CNQ, ERF |
| Commodities | Energy | Oil & Gas Production: Drilling | 2 | HP, PTEN |
| Commodities | Energy | Oilfield Services/Equipment | 6 | CLB, FTK, HAL, OIS, SLB, TUSK |
| 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 | Metal Fabrications | 3 | GEOS, NOV, WHD |
| Commodities | Energy | Integrated oil Companies | 10 | CEQP, CVI, DK, GLP, HFC, MPC, NS, PSX, TRGP, VLO |
| Commodities | Energy | Natural Gas Distribution | 9 | ENB, ENBL, EPD, MMP, OKE, PAA, PAGP, PSXP, WES |
| Commodities | Energy | Oil & Gas Production (U.S.) | 14 | COG, CPE, DVN, EOG, FANG, MTDR, OAS, PDCE, PVAC, PXD, SM, WLL, WTI, XEC |
| Commodities | Basic Industries | Steel/Iron Ore | 5 | GGB, MT, NUE, PKX, TS |
| Commodities | Basic Industries | Steel/Iron Ore | 2 | ATI, EAF |
| Financial | Finance | Major Banks (Midwest) | 7 | ASB, BY, CBSH, HBNC, MBIN, UMBF, WTFC |
| Financial | Finance | Major Banks | 12 | BAC, BCS, BK, C, DB, GS, HSBC, JPM, MS, RY, TD, WFC |
| Financial | Finance | Major Banks (Northeast) | 11 | BMTC, CFG, CUBI, EBSB, EGBN, HONE, MCB, MTB, SASR, SBNY, WBS |
| Financial | Finance | Major Banks (West) | 12 | ABTX, CADE, CVBF, EWBC, FIBK, FRC, HMST, IBTX, PB, TCBI, WAFD, WAL |
| Financial | Finance | Finance: Consumer Services | 2 | CGBD, CIT |
| Financial | Miscellaneous | Business Services | 6 | AXP, EVTC, GPN, MA, V, WEX |
| Financial | Finance | Investment Bankers/Brokers/Service | 8 | AMP, COWN, CS, EVR, OPY, RJF, SCHW, SF |
| Financial | Consumer Services | Real Estate Investment Trusts | 2 | BXMT, LADR |
| Financial | Consumer Services | Real Estate Investment Trusts | 22 | ADC, AHT, AVB, CLDT, CPT, CUBE, EPR, EPRT, ESS, EXR, HIW, MAA, MGP, NNN, ORC, PSB, SLG, SUI, UDR, VICI, VNO, WY |
| Financial | Finance | Major Banks (Savings) | 6 | ISBC, KRNY, NWBI, PBCT, STL, WSFS |
| Financial | Finance | Property-Casualty Insurers (Diversified) | 4 | AIG, HIG, MFC, PFG |
| Financial | Finance | Life Insurance | 6 | ATH, MET, PRU, PUK, SLF, VOYA |
| Financial | Finance | Real Estate | 3 | CBRE, JLL, KW |
Which industry groups from recent strength show weakness today?
| Relative strength drops by 2% | ||||
| Retail | Consumer Services | Clothing/Shoe/Accessory Stores | 3 | GIL, HBI, UA |
| Relative strength drops by 1% | ||||
| Retail | Consumer Non-Durables | Beverages Alcoholic (Production/Distribution) | 2 | MGPI, SAM |
| Relative strength drops by 1% | ||||
| Industrial | Miscellaneous | Industrial Machinery/Components | 2 | IIVI, VSH |
| Relative strength drops by 2% | ||||
| Financial | Finance | Specialty Insurers | 2 | AJG, MMC |
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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