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Daily stock market update April 23, 2021 - Market show strength

How is stock market today?

Market show strength as major indices are above key moving averages.

This week the market show mixed signals. 

Index Apr. 19-23
Nasdaq -0.25%
S&P 500 -0.13%
Dow Jones -0.46%
Russell 2000 0.41%

What is the current support level?

Nasdaq climbs back above its 10 days moving average and is above the 14000 mark.

S&P 500 and Dow Jones rebound from its 10 days moving average. This is a good sign

Russell 2000 also rebound from its 50 days moving average. It made a closing high since March 19. This is a bullish sign.

  • NASDAQ - above its 50 days moving average line near 13500; current at 14016
  • S&P 500 - above its 50 days moving average line near 3880; current at 4180
  • DJIA - above its 50 days moving average line near 31600; current at 34043
  • RUSSELL 2000 - above its 50 days moving average line near 2220; current at 2271

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
Retail Consumer Non-Durables Shoe Manufacturing 2 CROX, SKX
Retail Consumer Non-Durables Plastic Products 3 MIDD, WBT, WHR
Retail Consumer Services Other Specialty Stores (Leisure) 3 HZO, PLBY, POOL
Industrial Transportation Railroads 2 CSX, KSU
Health Health Care Major Pharmaceuticals (Diversified) 2 AZN, JNJ


Which industry groups from recent strength show weakness today?

Relative strength drops by 10%
Retail Consumer Services RETAIL: Building Materials 2 FND, TSCO


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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