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Daily stock market update July 21, 2021 - Market continue to rebound

How is stock market today?

Market continue to rebound for the second day.

What is the current support level?

Nasdaq, S&P 500, Dow Jones rebound strongly above its 10 days moving average. This is a good sign.

Russell 2000 recover above its 10 days moving average but is still far below its 50 days moving average.

  • NASDAQ - above its 50 days moving average line near 14000; current at 14631
  • S&P 500 - above its 50 days moving average line near 4200; current at 4358
  • DJIA - above its 50 days moving average line near 34400; current at 34798
  • RUSSELL 2000 - below its 50 days moving average line near 2240; current at 2194

Psychological levels

  • Nasdaq is above 14000.
  • S&P 500 is now above 4300.
  • Dow Jones Industrial Average is now above 34000.
  • Small cap Russell 2000 is now below 2200.

Which industry groups show strength?

There are more groups showing accumulation. 

Sector Industry Sub-group # Stocks
Technology Technology Computer Software: Prepackaged Software (Database) 3 ORCL, PRGS, WK
Technology Technology Semiconductors (Manufacturing) 2 POWI, TXN
Retail Consumer Non-Durables Package Goods/Cosmetics 4 ELF, IPAR, LFVN, PBH
Retail Consumer Non-Durables Plastic Products 2 IRBT, MIDD
Retail Consumer Services RETAIL: Building Materials 2 FND, GMS
Retail Consumer Services Restaurants 3 CMG, KRUS, PZZA
Retail Transportation Air Freight/Delivery Services 2 ALGT, LUV
Industrial Capital Goods Military/Government/Technical 3 HII, ISSC, TXT
Industrial Consumer Durables Building Products 2 BLDR, WTS
Industrial Finance Diversified Commercial Services 2 IBP, ROL
Industrial Consumer Services Other Consumer Services 2 CSV, SCI
Health Health Care Major Pharmaceuticals 7 ALNY, ARGX, BNTX, BPMC, EBS, MRNA, RPTX
Health Health Care Hospital/Nursing Management 2 CYH, HCA
Health Health Care Medical/Dental Instruments 5 BSX, LIVN, QDEL, THC, TNDM
Health Health Care Other Pharmaceuticals 3 ABC, CAH, MCK
Financial Finance Major Banks 3 MS, UBS, WFC
Financial Finance Finance: Consumer Services 6 ATLC, CACC, COOP, FCFS, RM, WRLD
Financial Finance Property-Casualty Insurers (Diversified) 2 AIG, PFG


Which industry groups from recent strength show weakness today?

Relative strength drops by 1%
Retail Consumer Non-Durables Packaged Foods -6 CAG, CPB, FLO, GIS, NOMD, UL

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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