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Daily stock market update March 12, 2021 - Market strength grows

March 14, 2021
MCBOSS CAPITAL
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market update

How is stock market today?

Market strength grows as Dow Jones Industrial lead the market indices.

After a few weeks of turbulence, market seems to regain its footing this week with several indices hitting new high.

Index	Mar. 8-12
Nasdaq	3.09%
S&P 500	2.64%
Dow Jones	4.07%
Russell 2000	7.32%

What is the current support level?

Nasdaq is trying to recover its 50 days moving average. This is the first test since recent correction.

S&P 500 is near a new high.

Dow jones hit new closing high.

Russell 2000 made a new closing high. This is a bullish signal.

NASDAQ - above its 50 days moving average line near 13300; current at 13319
S&P 500 - above its 50 days moving average line near 3800; current at 3943
DJIA - above its 50 days moving average line near 31000; current at 32778
RUSSELL 2000 - above its 50 days moving average line near 2125; current at 2352

Psychological levels

Nasdaq is above 13000.
S&P 500 is above 3900.
Dow Jones Industrial Average is above 32000.
Small cap Russell 2000 is above 2300.

Which industry groups show strength?

There are many industry groups showing accumulation.

Sector	Industry	Sub-group	#	Stocks
Technology	Technology	EDP Services (Tech Services)	6	ACN, CACI, CTG, HCKT, HPE, PLUS
Technology	Public Utilities	Telecommunications Equipment (Foreign)	2	RCI, VOD
Technology	Technology	Radio And Television Broadcasting And Communications Equipment	5	CLRO, CMBM, COMM, DY, VSAT

Retail	Consumer Non-Durables	Shoe Manufacturing	2	SHOO, WWW
Retail	Capital Goods	Auto Parts:O.E.M. (Parts)	3	MPAA, SMP, XPEL
Retail	Consumer Non-Durables	Consumer Electronics/Appliances	3	GPRO, KOSS, UEIC
Retail	Consumer Non-Durables	Specialty Foods	2	MDLZ, SMPL
Retail	Consumer Non-Durables	Packaged Foods	2	CPB, GIS
Retail	Consumer Durables	Office Equipment/Supplies/Services	4	BSET, LEG, SCS, TPX
Retail	Consumer Services	Hotels/Resorts (Gaming)	3	BYD, CZR, IGT
Retail	Consumer Services	Marine Transportation	4	LYFT, MTN, SEAS, SIX
Retail	Miscellaneous	Business Services	4	BKNG, EXPE, SABR, TCOM
Retail	Consumer Services	Television Services	2	MDP, TV
Retail	Consumer Services	Television Services	5	DISCA, DISCK, NXST, SSP, TGNA
Retail	Consumer Services	Automotive Aftermarket (Parts)	2	LKQ, MNRO
Retail	Consumer Durables	Automotive Aftermarket	9	ABG, AN, CRMT, CWH, GPI, KAR, LAD, RUSHA, SAH
Retail	Consumer Services	RETAIL: Building Materials	5	BECN, GMS, HD, LOW, TSCO
Retail	Consumer Services	Clothing/Shoe/Accessory Stores	6	ANF, BURL, CHS, EXPR, GPS, TLYS
Retail	Consumer Services	Other Specialty Stores (Leisure)	3	ASO, DKS, HZO
Retail	Consumer Services	Restaurants	6	BJRI, CBRL, CHUY, DPZ, JACK, MCD
Retail	Consumer Non-Durables	Farming/Seeds/Milling	2	MO, VGR
Retail	Consumer Non-Durables	Food Distributors	2	UNFI, USFD

Industrial	Capital Goods	Military/Government/Technical	5	BA, CW, SPR, TGI, TXT
Industrial	Capital Goods	Engineering & Construction	4	FLR, GVA, PRIM, PWR
Industrial	Finance	Diversified Commercial Services	3	EME, IBP, MYRG
Industrial	Industrial	Consumer Non-Durables	3	PATK, THO, WGO
Industrial	Basic Industries	Forest Products	2	BCC, UFPI
Industrial	Basic Industries	Major Chemicals: Plastics	2	AVNT, TSE
Industrial	Technology	Diversified Commercial Services	6	AER, AL, HRI, R, TRTN, UHAL
Industrial	Technology	Industrial Machinery/Components	5	BRK.B, EMR, HON, JCI, MDU
Industrial	Consumer Services	Other Consumer Services	2	CSV, HI
Industrial	Basic Industries	Aluminum	6	ARNC, CENX, IIIN, KALU, NNBR, RS
Industrial	Transportation	Trucking Freight/Courier Services	3	ARCB, HTLD, JBHT
Industrial	Public Utilities	Power Generation	9	AEE, AVA, CMS, D, DUK, NRG, PCG, SJI, XEL
Industrial	Basic Industries	Electric Utilities: Central	3	ETR, IDA, POR

Health	Health Care	Hospital/Nursing Management	3	CYH, HCA, SEM

Commodities	Basic Industries	Agricultural Chemicals	2	AVD, CF
Commodities	Energy	Integrated oil Companies	2	CVX, PBR
Commodities	Basic Industries	Steel/Iron Ore	2	MT, STLD

Financial	Finance	Commercial Banks	3	BLX, BMA, GGAL
Financial	Finance	Major Banks (Midwest)	5	ASB, HBNC, MBIN, UMBF, WTFC
Financial	Finance	Major Banks	5	BAC, C, RY, SMFG, TD
Financial	Finance	Major Banks (Northeast)	11	BMTC, CBNK, CFG, CNOB, CUBI, EBSB, EGBN, HONE, MCB, SASR, TBBK
Financial	Finance	Major Banks (Southeast)	12	ABCB, BPOP, BXS, FBP, FCNCA, FHN, HOMB, SFNC, SMMF, SNV, TRMK, UCBI
Financial	Finance	Major Banks (Regional)	6	CMA, KEY, NTRS, RF, SIVB, USB
Financial	Finance	Major Banks (West)	10	ABTX, COLB, CVBF, EWBC, GBCI, HMST, IBTX, PB, TCBI, WAFD
Financial	Finance	Finance: Consumer Services	2	CGBD, WD
Financial	Miscellaneous	Business Services	6	ADS, FOUR, GPN, MA, QIWI, WEX
Financial	Finance	Investment Bankers/Brokers/Service	3	COWN, EVR, LAZ
Financial	Consumer Services	Real Estate Investment Trusts	16	ACC, ADC, AVB, CLDT, CTRE, EPRT, EQIX, INVH, NSA, PEB, PLD, PSB, REXR, STAG, TRNO, UDR
Financial	Finance	Property-Casualty Insurers	11	EIG, ESGR, FAF, FNF, HMN, MBI, SIGI, THG, TRV, UIHC, WRB
Financial	Finance	Real Estate	2	KW, RLGY

Which industry groups from recent strength show weakness today?

Relative strength drops by 3%
Commodities	Energy	Integrated oil Companies	4	CLMT, CVI, GLP, VLO

Relative strength drops by 1%
Financial	Capital Goods	Homebuilding	3	BZH, HOV, LGIH

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.