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Daily stock market update April 15, 2021 - Market show strength

April 16, 2021
MCBOSS CAPITAL
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market update

How is stock market today?

Market show strength today as three major indices hit new high.

What is the current support level?

Nasdaq rise above the 14,000 mark after dropping below it the previous day. This is a good sign.

S&P 500 rise to a new high.

Dow Jones also hit new high.

Russell 2000 has climbed slightly above 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 14038
S&P 500 - above its 50 days moving average line near 3880; current at 4170
DJIA - above its 50 days moving average line near 31600; current at 34035
RUSSELL 2000 - above its 50 days moving average line near 2220; current at 2257

Psychological levels

Nasdaq is now above 14000.
S&P 500 is above 4100.
Dow Jones Industrial Average is now above 34000.
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 (Security)	6	CYBR, INVE, MCFE, OKTA, PING, VRNT

Health	Health Care	Major Pharmaceuticals (Diversified)	3	AZN, DHR, GSK
Health	Health Care	Biotechnology: Commercial Physical & Biological Research	5	AVTR, MEDP, PPD, SYNH, TECH

Which industry groups from recent strength show weakness today?

Relative strength drops by 2%
Financial	Finance	Investment Bankers/Brokers/Service	3	BGCP, COWN, MC

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.