Life is memorable. Share your experience. Help others. Return the favor. Terms Of Use Privacy Policy About FAQ Help Contact Us

As an Amazon Associate and affiliate with other third parties, Echofavor earn from qualifying purchases and display advertisements.

View Coupon

Daily stock market update April 7, 2021 - Market is holding up again

April 08, 2021
MCBOSS CAPITAL
2 views

market update

How is stock market today?

Deja vu. 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.

Although subtle, S&P 500 made a new closing high.

Dow Jones is also holding near its recent high.

Russell 2000 has fallen back to near its 10, 21 and 50 days moving average. Watch for support at this level as it is critical.

NASDAQ - above its 50 days moving average line near 13425; current at 13688
S&P 500 - above its 50 days moving average line near 3880; current at 4079
DJIA - above its 50 days moving average line near 31600; current at 33446
RUSSELL 2000 - above its 50 days moving average line near 2220; current at 2223

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
Retail	Consumer Services	Clothing/Shoe/Accessory Stores	3	ANF, BKE, LB

Industrial	Basic Industries	Forest Products	2	LPX, UFPI

Which industry groups from recent strength show weakness today?

Relative strength drops by 3%
Technology	Technology	Computer Software: Prepackaged Software (Database)	4	ESTC, MDB, ORCL, PRGS

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.