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Daily stock market update April 12, 2021 - Market slide a little

April 13, 2021
MCBOSS CAPITAL
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market update

How is stock market today?

Market slide a little as it starts of this week. Earnings for first quarter are starting to roll out. This may carry the direction of the market in coming weeks.

What is the current support level?

Nasdaq, S&P 500 and Dow Jones are holding near 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 13850
S&P 500 - above its 50 days moving average line near 3880; current at 4127
DJIA - above its 50 days moving average line near 31600; current at 33745
RUSSELL 2000 - above its 50 days moving average line near 2220; current at 2233

Psychological levels

Nasdaq is above 13000.
S&P 500 is above 4100.
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 Non-Durables	Recreational Products/Toys, Motor Vehicles	3	BC, JOUT, YETI

Which industry groups from recent strength show weakness today?

Relative strength drops by 2%
Technology	Technology	EDP Services (Tech Services)	3	CTG, HCKT, PRFT

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.