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Daily stock market update March 15, 2021 - Market strength continue

March 16, 2021
MCBOSS CAPITAL
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market update

How is stock market today?

Market strength continue this week as some indices continue to close at new highs.

What is the current support level?

Nasdaq is trying to recover above its 50 days moving average for the second time in recent days. The question is whether it can hold above this level.

S&P 500 made another new closing high.

Dow jones and Russell 2000 hit new closing high. It is on an impressive streak of seven consecutive days up.

NASDAQ - above its 50 days moving average line near 13300; current at 13459
S&P 500 - above its 50 days moving average line near 3800; current at 3968
DJIA - above its 50 days moving average line near 31000; current at 32953
RUSSELL 2000 - above its 50 days moving average line near 2125; current at 2360

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 some industry groups showing accumulation.

Sector	Industry	Sub-group	#	Stocks
Retail	Consumer Services	Hotels/Resorts (Lodging)	2	CHH, H
Retail	Consumer Non-Durables	Recreational Products/Toys, Motor Vehicles	4	BC, FOXF, NLS, PII
Retail	Consumer Services	Marine Transportation	3	CCL, LYFT, RCL
Retail	Miscellaneous	Business Services	2	MMYT, TRVG
Retail	Consumer Services	RETAIL: Building Materials	2	FAST, FND
Retail	Consumer Services	Department/Specialty Retail Stores	2	JWN, M
Retail	Health Care	Medical/Nursing Services	2	CVS, WBA
Retail	Consumer Services	Restaurants	8	DIN, GTIM, JACK, MCD, RRGB, SHAK, YUM, YUMC
Retail	Transportation	Air Freight/Delivery Services	9	AAL, ALGT, ALK, AZUL, HA, JBLU, LUV, SKYW, UAL

Industrial	Industrial	Consumer Non-Durables	2	THO, WGO
Industrial	Public Utilities	Power Generation	8	AVA, CMS, DTE, DUK, NRG, NWE, PCG, XEL

Commodities	Basic Industries	Agricultural Chemicals	3	MOS, SMG, UAN

Financial	Consumer Services	Real Estate Investment Trusts	26	ACC, ADC, AHT, AIV, CLDT, CPT, CRESY, CTRE, DOC, ELS, EPRT, ESS, EXR, GEO, INVH, MAA, MGP, NNN, ORC, PLD, REXR, SRC, STAG, STOR, SUI, TRNO
Financial	Finance	Real Estate	2	KW, RLGY

Which industry groups from recent strength show weakness today?

Relative strength drops by 1%
Technology	Technology	Radio And Television Broadcasting And Communications Equipment	3	ADTN, CMTL, LORL

Relative strength drops by 3%
Industrial	Capital Goods	Military/Government/Technical	5	BA, CW, SPR, TGI, TXT

Relative strength drops by 3%
Industrial	Technology	Industrial Machinery/Components	5	BRK.B, EMR, HON, JCI, MDU

Relative strength drops by 1%
Commodities	Capital Goods	Industrial Machinery/Components	2	AGCO, DE

Relative strength drops by 1%
Commodities	Energy	Oilfield Services/Equipment	-2	CLB, RES

Relative strength drops by 3%
Financial	Finance	Finance: Consumer Services	3	COOP, ENVA, SLM

Relative strength drops by 9%
Financial	Miscellaneous	Business Services	6	ADS, FOUR, GPN, MA, QIWI, WEX

Relative strength drops by 1%
Financial	Finance	Investment Managers	13	AMG, APAM, ARCC, ARES, BEN, BLK, BX, CG, DHIL, FOCS, KKR, STT, TPVG

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.