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Daily stock market update April 21, 2021 - Market bounce back

How is stock market today?

Market bounce back strong today with most indices rising above short term moving averages.

What is the current support level?

Nasdaq drop below its 10 days moving average and is now near its 21 days moving average.

S&P 500 and Dow Jones found support and rebound from its 10 days moving average. 

Russell 2000 also try to recover to its 50 days moving average.

  • NASDAQ - above its 50 days moving average line near 13500; current at 13950
  • S&P 500 - above its 50 days moving average line near 3880; current at 4173
  • DJIA - above its 50 days moving average line near 31600; current at 34137
  • RUSSELL 2000 - above its 50 days moving average line near 2220; current at 2239

Psychological levels

  • Nasdaq is now below 14000.
  • S&P 500 is above 4100.
  • Dow Jones Industrial Average is below 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
Retail Consumer Non-Durables Packaged Foods 2 GIS, POST
Retail Consumer Non-Durables Plastic Products 2 MIDD, WBT
Retail Consumer Services Other Specialty Stores 2 LOVE, RH
Industrial Basic Industries Paints/Coatings 2 PPG, SHW
Industrial Transportation Railroads 3 CSX, KSU, NSC
Health Health Care Medical Specialities 2 ANTM, MOH

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.

  

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