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Daily stock market update April 27, 2021 - Market is holding up

April 28, 2021
MCBOSS CAPITAL
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market update

How is stock market today?

Market is holding up after recent strength as big cap earnings reports continue.

What is the current support level?

Nasdaq slide a little and is not far from a new high.

S&P 500 is near the high.

Dow Jones is near 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 14090
S&P 500 - above its 50 days moving average line near 3880; current at 4186
DJIA - above its 50 days moving average line near 31600; current at 33984
RUSSELL 2000 - above its 50 days moving average line near 2220; current at 2301

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 2300.

Which industry groups show strength?

There are some industry groups showing accumulation.

Sector	Industry	Sub-group	#	Stocks
Technology	Technology	Computer Software: Prepackaged Software (Security)	4	FEYE, INVE, RPD, VRSN

Retail	Consumer Services	Clothing/Shoe/Accessory Stores	4	CRI, GIL, OXM, RL
Retail	Consumer Non-Durables	Shoe Manufacturing	2	CROX, SHOO
Retail	Consumer Services	Other Specialty Stores	3	AAN, LOVE, RH
Retail	Consumer Services	Other Specialty Stores (Leisure)	3	HZO, LESL, PLBY

Industrial	Basic Industries	Forest Products	2	LPX, UFPI
Industrial	Technology	Professional Services	2	HSII, TBI
Industrial	Transportation	Air Freight/Delivery Services	3	AAWW, FDX, UPS

Commodities	Basic Industries	Agricultural Chemicals	2	MOS, UAN
Commodities	Basic Industries	Steel/Iron Ore	3	GGB, NUE, STLD

Which industry groups from recent strength show weakness today?

Relative strength drops by 1%
Technology	Technology	Semiconductors (Manufacturing)	-2	AMKR, INTC

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.