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Daily stock market update July 27, 2021 - Market gave back some

July 28, 2021
MCBOSS CAPITAL
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market update

How is stock market today?

Market gave back some today, however, it did recover halfway from the lows.

What is the current support level?

Nasdaq pull back to its 21 days moving average before recover near its 10 days moving average.

S&P 500 and Dow Jones drop to its 10 days moving average before recovering.

Russell 2000 continue to struggle near its 10 days moving average. It is still far below its 50 days moving average.

NASDAQ - above its 50 days moving average line near 14000; current at 14660
S&P 500 - above its 50 days moving average line near 4200; current at 4401
DJIA - above its 50 days moving average line near 34400; current at 35058
RUSSELL 2000 - below its 50 days moving average line near 2240; current at 2191

Psychological levels

Nasdaq is above 14000.
S&P 500 is above 4400.
Dow Jones Industrial Average is above 35000.
Small cap Russell 2000 is now below 2200.

Which industry groups show strength?

There are not many groups showing accumulation.

Sector	Industry	Sub-group	#	Stocks
Industrial	Basic Industries	Paper	2	GPK, WRK

Which industry groups from recent strength show weakness today?

Relative strength drops by 2%
Retail	Transportation	Air Freight/Delivery Services	2	ALGT, LUV

Relative strength drops by 1%
Industrial	Capital Goods	Military/Government/Technical	3	HII, ISSC, TXT

Relative strength drops by 1%
Financial	Capital Goods	Homebuilding	3	DHI, KBH, TPH

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.