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Daily stock market update March 29, 2021 - Market show mixed signal

March 30, 2021
MCBOSS CAPITAL
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market update

How is stock market today?

Market show mixed signal as Dow Jones continue to lead but other indices suffer.

What is the current support level?

Nasdaq continue to struggle and face resistance at its 10 days moving average.

S&P 500 is near the recent high after it rebounded from its 50 days moving average. This is a bullish sign.

Dow Jones closed at a new high after rebounding from its 21 days moving average.

Russell 2000 also face resistance as its 10, 21 and 50 days moving average are converging.

As Nasdaq and Russell fall, watch to see if S&P and Dow Jones can find support.

NASDAQ - below its 50 days moving average line near 13425; current at 13059
S&P 500 - above its 50 days moving average line near 3880; current at 3971
DJIA - above its 50 days moving average line near 31600; current at 33171
RUSSELL 2000 - above its 50 days moving average line near 2220; current at 2158

Psychological levels

Nasdaq is above 13000.
S&P 500 is above 3900.
Dow Jones Industrial Average is above 33000.
Small cap Russell 2000 is below 2200.

Which industry groups show strength?

There is no industry group showing accumulation. This is a really bearish sign.

Which industry groups from recent strength show weakness today?

None

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.