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Daily stock market update April 6, 2021 - Market is holding up

April 07, 2021
MCBOSS CAPITAL
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market update

How is stock market today?

Market fell slightly but is holding up most of recent gains. This is a good sign.

What is the current support level?

Nasdaq is holding near its recent high.

S&P 500 is holding near its recent high above 4000.

Dow Jones is also holding near its recent high.

Russell 2000 is holding above its 10, 21 and 50 days moving average.

NASDAQ - above its 50 days moving average line near 13425; current at 13698
S&P 500 - above its 50 days moving average line near 3880; current at 4073
DJIA - above its 50 days moving average line near 31600; current at 33430
RUSSELL 2000 - above its 50 days moving average line near 2220; current at 2259

Psychological levels

Nasdaq is above 13000.
S&P 500 is above 4000.
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)	4	ESTC, MDB, ORCL, PRGS
Technology	Technology	EDP Services (Tech Services)	4	ACN, CACI, CTG, HCKT

Industrial	Basic Industries	Forest Products	2	LPX, UFPI

Health	Health Care	Medical/Dental Instruments	5	ANGO, MDT, MDXG, TFX, TRIB

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.