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Daily stock market update July 9, 2021 - Market rebound

How is stock market today?

Market rebound to gain back some of the week's losses. 

The indices manage to gain a little for the week except for small cap Russell 2000.

Index Jul. 5-9
Nasdaq 0.43%
S&P 500 0.40%
Dow Jones 0.24%
Russell 2000 -3.21%

What is the current support level?

Nasdaq rebound from its 10 days moving average to near recent high.

S&P made an impressive new high. This is a bullish sign.

Dow Jones rebound to a new recent high. This is a bullish sign.

Russell 2000 recover to slightly above its 50 days moving average. 

  • NASDAQ - above its 50 days moving average line near 13640; current at 14701
  • S&P 500 - above its 50 days moving average line near 41400; current at 4369
  • DJIA - above its 50 days moving average line near 34200; current at 34870
  • RUSSELL 2000 - below its 50 days moving average line near 2240; current at 2280

Psychological levels

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

Which industry groups show strength?

There are not many groups showing accumulation. 

Sector Industry Sub-group # Stocks
Technology Technology Computer Software: Prepackaged Software (Enterprise) 2 SAP, SNOW
Retail Miscellaneous Business Services (Internet) 3 AMZN, CHWY, STMP
Commodities Energy Coal Mining 2 ARCH, BTU

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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