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Daily stock market update August 6, 2021 - Market show more strength

How is stock market today?

Market show more strength as S&P and DOW hit new closing high.

For the week, the market have a good week with some gains as major indices hit new high.

Index Aug. 2-6
Nasdaq 1.11%
S&P 500 0.94%
Dow Jones 0.78%
Russell 2000 0.97%

What is the current support level?

Nasdaq fall back slightly from its recent high.

S&P 500 and Dow Jones hit new closing high.

Russell 2000 recover above its 10 and 21 days moving average. 

  • NASDAQ - above its 50 days moving average line near 14000; current at 14835
  • S&P 500 - above its 50 days moving average line near 4200; current at 4436
  • DJIA - above its 50 days moving average line near 34400; current at 35208
  • RUSSELL 2000 - below its 50 days moving average line near 2240; current at 2247

Psychological levels

  • Nasdaq is above 14761.
  • S&P 500 is above 4400.
  • Dow Jones Industrial Average is above 35000.
  • Small cap Russell 2000 is above 2200.

Which industry groups show strength?

There are some industry groups showing accumulation. 

Sector Industry Sub-group # Stocks
Technology Technology Electronic Components 3 MU, SIMO, WDC
Technology Technology Semiconductors 6 CEVA, HIMX, LSCC, MXL, RMBS, SITM
Technology Technology Radio And Television Broadcasting And Communications Equipment 2 ADTN, SATS
Retail Consumer Services Hotels/Resorts (Gaming) 2 MGM, PENN
Industrial Consumer Durables Building Products 6 ATKR, AZEK, GCP, MWA, TREX, WTS
Industrial Miscellaneous Business Services (Market Research) 5 IT, MCO, MORN, SPGI, TRI
Industrial Technology Professional Services 4 AMN, ASGN, CCRN, KELYA
Industrial Basic Industries Electric Utilities: Central 2 ETR, POR
Financial Finance Finance: Consumer Services 2 ATLC, CACC
Financial Finance Investment Bankers/Brokers/Service 2 BGCP, XP
Financial Finance Investment Managers 8 AB, APAM, BEN, DHIL, KKR, MARA, MN, VRTS
Financial Consumer Services Other Consumer Services (Specialty) 6 DFIN, ECPG, INFO, NAVI, PRAA, VIRT
Financial Finance Life Insurance 5 GNW, MET, PRU, RGA, VOYA


Which industry groups from recent strength show weakness today?

Relative strength drops by 3%
Technology Technology Semiconductors (Manufacturing) 12 ADI, AMKR, CREE, DIOD, IMOS, MCHP, ON, PI, POWI, QRVO, TSEM, UMC
Relative strength drops by 4%
Retail Consumer Services RETAIL: Building Materials 2 FND, GMS
Relative strength drops by 4%
Industrial Basic Industries Environmental Services -2 SRCL, TISI
Relative strength drops by 4%
Health Health Care Major Pharmaceuticals (Ethical Drugs) 2 NVO, PFE
Relative strength drops by 1%
Health Health Care Other Pharmaceuticals -3 CAH, OMI, PETQ


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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