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Daily stock market update March 30, 2021 - Market fell slightly

March 31, 2021
MCBOSS CAPITAL
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market update

How is stock market today?

Market fell slightly on lower volume. Market seems to be taking a breather as it is waiting for its next big move.

What is the current support level?

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

S&P 500 fell back slightly and is near the recent high after it rebounded from its 50 days moving average.

Dow Jones fell back slightly after reaching new high.

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 13045
S&P 500 - above its 50 days moving average line near 3880; current at 3958
DJIA - above its 50 days moving average line near 31600; current at 33066
RUSSELL 2000 - above its 50 days moving average line near 2220; current at 2195

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 are not many industry groups showing accumulation.

Sector	Industry	Sub-group	#	Stocks
Industrial	Basic Industries	Mining & Quarrying of Nonmetallic Minerals (No Fuels)	2	SUM, VMC
Industrial	Capital Goods	Engineering & Construction	4	ACM, GVA, HIL, STRL

Commodities	Basic Industries	Steel/Iron Ore	3	GGB, NUE, STLD

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.