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Daily stock market update April 30, 2021 - Market fall back

How is stock market today?

Market fall back on Friday as a pullback seems to be taking place this week. Though the pullback has been minimal so far. 

Index Apr. 26-30
Nasdaq -0.39%
S&P 500 0.02%
Dow Jones -0.50%
Russell 2000 -0.24%

What is the current support level?

Nasdaq pull back to its 10 days moving average. Watch for support near this level.

S&P 500 also fall to its 10 days moving average

Dow Jones fall back below its 10 days moving average.

Russell 2000 drop below its 10 days moving average and now sit at the 21 days moving average.

  • NASDAQ - above its 50 days moving average line near 13500; current at 13962
  • S&P 500 - above its 50 days moving average line near 3880; current at 4181
  • DJIA - above its 50 days moving average line near 31600; current at 33874
  • RUSSELL 2000 - above its 50 days moving average line near 2220; current at 2266

Psychological levels

  • Nasdaq is now below 14000.
  • S&P 500 is now below 4200.
  • Dow Jones Industrial Average is now below 34000.
  • Small cap Russell 2000 is below 2300.

Which industry groups show strength?

There are few industry groups showing accumulation. 

Sector Industry Sub-group # Stocks
Retail Consumer Non-Durables Specialty Foods 2 HSY, MDLZ
Industrial Technology Professional Services 2 HSII, TBI
Industrial Transportation Air Freight/Delivery Services 2 FDX, UPS

Which industry groups from recent strength show weakness today?

Relative strength drops by 1%
Technology Technology Computer Software: Prepackaged Software (Security) 2 INVE, VRSN


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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