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Daily stock market update March 1, 2021 - Market rebound strong
How is stock market today?
Market rebound strong today on first day of March, but volume is missing.
What is the current support level?
Nasdaq rose back above its 50 days moving average. This is a good sign. It is sitting at its 10 and 21 days moving average.
S&P 500, Dow jones, and Russell 2000 rose back above its 10 and 21 days moving average. This is a good sign.
It is important for the indices to find support at these levels.
- NASDAQ - above its 50 days moving average line near 13300; current at 13558
- S&P 500 - above its 50 days moving average line near 3800; current at 3901
- DJIA - above its 50 days moving average line near 31000; current at 31535
- RUSSELL 2000 - above its 50 days moving average line near 2125; current at 2275
Psychological levels
- Nasdaq is below 14000.
- S&P 500 is now above 3900.
- Dow Jones Industrial Average is now 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 | Electronic Components | 2 | MU, WDC |
| Technology | Technology | Semiconductors (Equip) | 2 | ACLS, LRCX |
| Retail | Consumer Non-Durables | Shoe Manufacturing | 2 | RCKY, SKX |
| Retail | Capital Goods | Auto Parts:O.E.M. (Equipment) | 3 | ALSN, LDL, THRM |
| Retail | Consumer Services | Hotels/Resorts (Gaming) | 4 | BYD, DKNG, PENN, SGMS |
| Retail | Consumer Services | Marine Transportation | 2 | SEAS, VAC |
| Retail | Consumer Services | Television Services | 3 | AMCX, DISCA, SSP |
| Retail | Consumer Durables | Automotive Aftermarket | 2 | CVNA, SAH |
| Retail | Consumer Services | RETAIL: Building Materials | 2 | BECN, FAST |
| Retail | Consumer Services | Restaurants | 6 | BH, CMG, JACK, KRUS, NDLS, WING |
| Retail | Consumer Services | Other Specialty Stores | 2 | MIK, ULTA |
| Industrial | Miscellaneous | Business Services | 2 | BAH, STN |
| Industrial | Technology | Diversified Commercial Services | 2 | HRI, RCII |
| Industrial | Technology | Professional Services | 2 | CCRN, KFRC |
| Industrial | Basic Industries | Aluminum | 5 | CMC, IIIN, MTRN, VMI, WOR |
| Industrial | Basic Industries | Paper | 3 | AIN, IP, WRK |
| Industrial | Transportation | Trucking Freight/Courier Services | 3 | ARCB, ODFL, WERN |
| Industrial | Transportation | Trucking Freight/Courier Services | ||
| Commodities | Energy | Oilfield Services/Equipment | 5 | HAL, NR, OII, PUMP, RES |
| Commodities | Energy | Natural Gas Distribution | 3 | EPD, OKE, WES |
| Financial | Finance | Major Banks (Midwest) | 2 | BY, MBIN |
| Financial | Finance | Finance: Consumer Services | 2 | ENVA, RM |
| Financial | Miscellaneous | Business Services | 2 | ADS, PAGS |
| Financial | Finance | Investment Bankers/Brokers/Service | 2 | EVR, OPY |
| Financial | Finance | Investment Managers | 3 | IVZ, TROW, VRTS |
| Financial | Finance | Property-Casualty Insurers | 3 | ESGR, MBI, UIHC |
Which industry groups from recent strength show weakness today?
| Relative strength drops by 3% | ||||
| Industrial | Consumer Durables | Consumer Electronics/Appliances | 2 | AAON, FIX |
| Relative strength drops by 2% | ||||
| Industrial | Capital Goods | Fluid Controls | 7 | CFX, DOV, ERII, IR, ITT, NDSN, PH |
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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