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Daily stock market update July 22, 2021 - Market continue to rebound

How is stock market today?

Market continue to rebound for the third 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 drops below its 10 days moving average once again. It is still far below its 50 days moving average.

  • NASDAQ - above its 50 days moving average line near 14000; current at 14684
  • S&P 500 - above its 50 days moving average line near 4200; current at 4367
  • DJIA - above its 50 days moving average line near 34400; current at 34823
  • RUSSELL 2000 - below its 50 days moving average line near 2240; current at 2199

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 Semiconductors (Equip) 2 ASML, COHU
Retail Consumer Non-Durables Shoe Manufacturing 2 CROX, SKX
Retail Consumer Services RETAIL: Building Materials 2 FND, GMS
Retail Consumer Services Restaurants 8 CMG, DPZ, MCD, PZZA, QSR, SBUX, WING, YUM
Health Health Care Medical/Dental Instruments 5 BSX, LIVN, MMSI, QDEL, TNDM
Health Health Care Other Pharmaceuticals 3 ABC, CAH, MCK
Financial Capital Goods Homebuilding 2 NVR, TPH
Financial Finance Finance: Consumer Services 3 CACC, COOP, WRLD

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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