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Daily stock market update March 19, 2021 - Market recover a little
How is stock market today?
Market recover a little. This is not the sign you want to see after the previous day's big losses.
Overall this week, the market gave back some of previous week's gains; although, not too bad.
Index | Mar. 15-19 |
Nasdaq | -0.79% |
S&P 500 | -0.77% |
Dow Jones | -0.46% |
Russell 2000 | -2.77% |
What is the current support level?
Nasdaq has failed again to recover above its 50 days moving average. It now lives under the 10 days moving average. This may indicate more weakness to come.
S&P 500 found support near its 10 and 21 days moving average.
DJIA fell from its recent high at 33000 mark and sits just above its 10 days moving average.
Russell 2000 found support near its 10 and 21 days moving average.
- NASDAQ - above its 50 days moving average line near 13300; current at 13116
- S&P 500 - above its 50 days moving average line near 3800; current at 3913
- DJIA - above its 50 days moving average line near 31000; current at 32862
- RUSSELL 2000 - above its 50 days moving average line near 2125; current at 2287
Psychological levels
- Nasdaq is above 13000.
- S&P 500 is above 3900.
- Dow Jones Industrial Average is below 33000.
- Small cap Russell 2000 is below 2300.
Which industry groups show strength?
There are not many industry groups showing accumulation.
Sector | Industry | Sub-group | # | Stocks |
Retail | Consumer Services | RETAIL: Building Materials | 4 | FAST, GWW, HD, LOW |
Retail | Consumer Non-Durables | Farming/Seeds/Milling | 2 | MO, PM |
Retail | Transportation | Air Freight/Delivery Services | 4 | ALGT, ALK, JBLU, UAL |
Industrial | Consumer Durables | Consumer Electronics/Appliances | 2 | AOS, WSO |
Industrial | Technology | Electrical Products | 2 | JBL, SANM |
Industrial | Basic Industries | Electric Utilities: Central | 6 | AEP, EIX, ETR, IDA, PNM, PNW |
Health | Health Care | Other Pharmaceuticals | 2 | CAH, MCK |
Commodities | Basic Industries | Agricultural Chemicals | 2 | SMG, UAN |
Which industry groups from recent strength show weakness today?
Relative strength drops by 1% | ||||
Technology | Technology | EDP Services (Tech Services) | -2 | EGOV, RAMP |
Relative strength drops by 1% | ||||
Retail | Capital Goods | Auto Parts:O.E.M. (Equipment) | -3 | GNTX, LDL, TEN |
Relative strength drops by 1% | ||||
Retail | Consumer Services | Hotels/Resorts (Lodging) | 4 | CHH, H, HTHT, STAY |
Relative strength drops by 1% | ||||
Retail | Miscellaneous | Business Services | 3 | MMYT, TCOM, TRVG |
Relative strength drops by 1% | ||||
Retail | Consumer Services | Television Services | 3 | DISCA, DISCK, NXST |
Relative strength drops by 1% | ||||
Retail | Consumer Services | Automotive Aftermarket (Parts) | 2 | LKQ, MNRO |
Relative strength drops by 1% | ||||
Industrial | Capital Goods | Engineering & Construction | -2 | PRIM, ROAD |
Relative strength drops by 1% | ||||
Health | Health Care | Medical Specialities | 2 | CI, GTS |
Relative strength drops by 1% | ||||
Commodities | Energy | Integrated oil Companies | 2 | CVX, PBR |
Relative strength drops by 1% | ||||
Commodities | Basic Industries | Steel/Iron Ore | 2 | MT, STLD |
Relative strength drops by 1% | ||||
Financial | Finance | Commercial Banks | 3 | BLX, BMA, GGAL |
Relative strength drops by 3% | ||||
Financial | Finance | Major Banks | 5 | BAC, C, RY, SMFG, TD |
Relative strength drops by 4% | ||||
Financial | Finance | Real Estate | 4 | FOR, GRBK, KW, RLGY |
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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