Life is memorable. Share your experience. Help others. Return the favor. Terms Of Use Privacy Policy About FAQ Help Contact Us

As an Amazon Associate and affiliate with other third parties, Echofavor earn from qualifying purchases and display advertisements.

View Coupon

Daily stock market update March 22, 2021 - Market made subtle move

March 23, 2021
MCBOSS CAPITAL
2 views

market update

How is stock market today?

Market made subtle move as major indices move higher. Nasdaq rebound stronger than the other indices.

What is the current support level?

Nasdaq has failed again to recover above its 50 days moving average in recent days. It is just slightly under the 50 days moving average.

S&P 500 and Dow Jones rebound off its 10 and 21 days moving average. This is a good sign.

Russell 2000 is sitting at its 21 days moving average.

NASDAQ - above its 50 days moving average line near 13400; current at 13337
S&P 500 - above its 50 days moving average line near 3860; current at 3940
DJIA - above its 50 days moving average line near 31400; current at 32731
RUSSELL 2000 - above its 50 days moving average line near 2200; current at 2266

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 almost no industry groups showing accumulation.

Sector	Industry	Sub-group	#	Stocks
Technology	Technology	Semiconductors (Equip)	2	AMAT, ASML

Which industry groups from recent strength show weakness today?

Relative strength drops by 1%
Financial	Finance	Major Banks (Northeast)	-2	CFG, WBS

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.