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Daily stock market update April 5, 2021 - Market climb to new high

April 06, 2021
MCBOSS CAPITAL
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market update

How is stock market today?

Market continue to climb to new highs as Friday jobs report cheers the economic recovery.

What is the current support level?

Nasdaq gap above its 50 days moving average. This is a bullish move.

S&P 500 rise to new high.

Dow Jones also hit new high.

Russell 2000 also climb higher after rising above its 10, 21 and 50 days moving average previously.

NASDAQ - above its 50 days moving average line near 13425; current at 13705
S&P 500 - above its 50 days moving average line near 3880; current at 4077
DJIA - above its 50 days moving average line near 31600; current at 33527
RUSSELL 2000 - above its 50 days moving average line near 2220; current at 2264

Psychological levels

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

Which industry groups show strength?

There are few industry groups showing accumulation.

Sector	Industry	Sub-group	#	Stocks
Technology	Technology	Computer Software: Prepackaged Software (Database)	2	ORCL, PRGS
Technology	Technology	Computer Software: Prepackaged Software (Desktop)	2	ADBE, MSFT
Technology	Technology	Semiconductors (Equip)	8	ACLS, CCMP, COHU, ICHR, KLAC, KLIC, LRCX, UCTT
Technology	Technology	Computer Software: Programming, Data Processing (Content)	3	FB, GOOG, GOOGL

Retail	Health Care	Medical/Nursing Services	2	RAD, WBA

Financial	Finance	Investment Bankers/Brokers/Service	3	BGCP, COWN, MC

Which industry groups from recent strength show weakness today?

Relative strength drops by 3%
Industrial	Capital Goods	Engineering & Construction	8	AGX, GVA, HIL, MTZ, PRIM, PWR, STRL, TPC

Relative strength drops by 4%
Industrial	Miscellaneous	Business Services	2	BAH, STN

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.