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Daily stock market update May 3, 2021 - Market mixed

May 04, 2021
MCBOSS CAPITAL
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market update

How is stock market today?

Market start the week with mixed signals. Nasdaq show lackluster move but DJIA is near its recent high.

What is the current support level?

Nasdaq pull back to its 21 days moving average. This is critical level. Watch for support near this level.

S&P 500 is near its 10 days moving average

Dow Jones rebound from its 10 days moving average and is near a new high.

Russell 2000 is sitting sit at the 21 days moving average.

NASDAQ - above its 50 days moving average line near 13500; current at 13895
S&P 500 - above its 50 days moving average line near 3880; current at 4192
DJIA - above its 50 days moving average line near 31600; current at 34113
RUSSELL 2000 - above its 50 days moving average line near 2220; current at 2277

Psychological levels

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

Which industry groups show strength?

There are some industry groups showing accumulation.

Sector	Industry	Sub-group	#	Stocks
Retail	Consumer Services	Clothing/Shoe/Accessory Stores	3	GIL, LEVI, RL
Retail	Consumer Services	Department/Specialty Retail Stores	3	DDS, KSS, M

Industrial	Consumer Durables	Building Products	6	ATKR, FBHS, GCP, MHK, OC, PGTI
Industrial	Finance	Diversified Commercial Services	2	IBP, MYRG
Industrial	Basic Industries	Forest Products	2	BCC, UFPI
Industrial	Technology	Professional Services	4	BBSI, CCRN, KELYA, KFRC
Industrial	Transportation	Air Freight/Delivery Services	2	FDX, UPS

Health	Health Care	Hospital/Nursing Management	2	CYH, HCA
Health	Health Care	Other Pharmaceuticals	2	ABC, CAH

Commodities	Basic Industries	Precious Metals	4	AEM, GOLD, MUX, PVG
Commodities	Energy	Oilfield Services/Equipment	2	MTRX, PUMP

Financial	Finance	Major Banks (Northeast)	2	CNOB, CUBI
Financial	Capital Goods	Homebuilding	4	BZH, CCS, LGIH, PHM

Which industry groups from recent strength show weakness today?

Relative strength drops by 1%
Retail	Consumer Non-Durables	Plastic Products	3	MIDD, WBT, WHR

Relative strength drops by 1%
Health	Health Care	Biotechnology: Commercial Physical & Biological Research	-2	AVTR, BIO

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.