Our Cookie Policy

Echofavor and carefully selected third parties use cookies on this site to improve performance, for analytics and to show you offers tailored to your interests on our site and third party sites. By continuing to use our site, you consent to our use of cookies. Privacy Policy

Life is memorable. Share your experience. Help others. Return the favor. Terms Of Use    Privacy Policy    About    FAQ    Help   Contact Us  
As an Amazon Associate and affiliate with other third parties, Echofavor earn from qualifying purchases and display advertisements.
0.2092307

Daily stock market update August 9, 2021 - Market holding strong

How is stock market today?

Market indices are holding strong.

What is the current support level?

Nasdaq went up slightly and is nearing its recent high.

S&P 500 and Dow Jones are down a little.

Russell 2000 slide a little but is above its 10 and 21 days moving average. 

  • NASDAQ - above its 50 days moving average line near 14000; current at 14860
  • S&P 500 - above its 50 days moving average line near 4200; current at 4432
  • DJIA - above its 50 days moving average line near 34400; current at 35101
  • RUSSELL 2000 - below its 50 days moving average line near 2240; current at 2234

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 few industry groups showing accumulation. 

Sector Industry Sub-group # Stocks
Retail Consumer Non-Durables Meat/Poultry/Fish 3 BYND, SAFM, TSN
Commodities Energy Industrial Machinery/Components 4 BLDP, BLNK, CHPT, FCEL


Which industry groups from recent strength show weakness today?

Relative strength drops by 1%
Technology Technology Electronic Components 3 MU, SIMO, WDC
Relative strength drops by 10%
Technology Technology Semiconductors 6 CEVA, HIMX, LSCC, MXL, RMBS, SITM
Relative strength drops by 3%
Technology Technology Radio And Television Broadcasting And Communications Equipment 2 ADTN, SATS
Relative strength drops by 2%
Industrial Technology Professional Services 4 AMN, ASGN, CCRN, KELYA
Relative strength drops by 4%
Industrial Transportation Trucking Freight/Courier Services 2 ARCB, SAIA
Relative strength drops by 3%
Health Health Care Medical/Dental Instruments 13 ALGN, BSX, CNMD, EW, IART, ICUI, ITGR, LIVN, MMSI, RGEN, SILK, SYK, TNDM



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.

  

Copyright © Echofavor 2021. All Rights Reserved. Powered by Echofavor
Copyright © Echofavor 2021. All Rights Reserved.
Powered by Echofavor