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Daily stock market update March 31, 2021 - Market show mixed signal

April 01, 2021
MCBOSS CAPITAL
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market update

How is stock market today?

Market show mixed signal as Nasdaq shine for the day.

What is the current support level?

Nasdaq rise back above its 10 and 21 days moving average. It may try to recover to its 50 days moving average in the near future.

S&P 500 is trading tight near its all time high. That might be a good sign.

Dow Jones fell back slightly for the second day after reaching new high.

Russell 2000 is now near its 10, 21 and 50 days moving average as these moving averages are converging. The next move may determine a possible trend.

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 13246
S&P 500 - above its 50 days moving average line near 3880; current at 3972
DJIA - above its 50 days moving average line near 31600; current at 32981
RUSSELL 2000 - above its 50 days moving average line near 2220; current at 2220

Psychological levels

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

Which industry groups show strength?

There are not many industry groups showing accumulation.

Sector	Industry	Sub-group	#	Stocks
Industrial	Capital Goods	Engineering & Construction	6	AGX, GVA, HIL, MTZ, STRL, TPC

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

Which industry groups from recent strength show weakness today?

Below 50 days moving average
Retail	Consumer Services	Television Services	-2	FOX, TV

Relative strength drops by 1%
Industrial	Basic Industries	Mining & Quarrying of Nonmetallic Minerals (No Fuels)	2	SUM, VMC

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.