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Daily stock market update April 28, 2021 - Market show a little weakness

How is stock market today?

Market show a little weakness as many stocks continue to report earnings.

What is the current support level?

Nasdaq slide a little but is still above its 10 days moving average.

S&P 500 fell but is near the high.

Dow Jones slide below its 10 days moving average. This is not a good sign.

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 14051
  • S&P 500 - above its 50 days moving average line near 3880; current at 4183
  • DJIA - above its 50 days moving average line near 31600; current at 33820
  • RUSSELL 2000 - above its 50 days moving average line near 2220; current at 2304

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) 2 INVE, VRSN
Retail Consumer Services Clothing/Shoe/Accessory Stores 4 CRI, GIL, OXM, RL
Retail Consumer Services Other Specialty Stores 4 AAN, ETH, HVT, RH
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?

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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