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Daily stock market update April 26, 2021 - Market show strength

April 27, 2021
MCBOSS CAPITAL
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market update

How is stock market today?

Market show strength as it starts the week with big earnings reports expected from some big cap companies including tech companies.

What is the current support level?

Nasdaq made another big move up and is not far from a new high.

S&P 500 inched out a new closing high.

Dow Jones slide a little after rebounding from its 10 days moving average.

Russell 2000 continue to 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 14138
S&P 500 - above its 50 days moving average line near 3880; current at 4187
DJIA - above its 50 days moving average line near 31600; current at 33981
RUSSELL 2000 - above its 50 days moving average line near 2220; current at 2298

Psychological levels

Nasdaq is now above 14000.
S&P 500 is above 4100.
Dow Jones Industrial Average is now 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
Technology	Technology	Computer Software: Prepackaged Software (Security)	10	CYBR, FEYE, INVE, MCFE, MIME, QLYS, RPD, SAIL, TENB, VRSN
Technology	Technology	Semiconductors (Manufacturing)	2	IMOS, SWKS

Industrial	Industrial	Consumer Non-Durables	2	PATK, WGO

Commodities	Basic Industries	Steel/Iron Ore	4	GGB, MT, NUE, STLD

Which industry groups from recent strength show weakness today?

Relative strength drops by 1%
Technology	Technology	Semiconductors (Equip)	6	CCMP, COHR, ENTG, ICHR, KLIC, LRCX

Relative strength drops by 6%
Retail	Consumer Non-Durables	Packaged Foods	-2	CPB, FLO

Relative strength drops by 1%
Industrial	Public Utilities	Power Generation	-2	AVA, PCG

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.