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Daily stock market update August 11, 2021 - Market made new closing high

How is stock market today?

Market made new closing high once again as S&P 500 and Dow Jones take the lead.

What is the current support level?

Nasdaq slide to near its 10 and 21 days moving average.

S&P 500 and Dow Jones made a new closing high.

Russell 2000 is holding above its 10 days moving average. 

  • NASDAQ - above its 50 days moving average line near 14000; current at 14765
  • S&P 500 - above its 50 days moving average line near 4200; current at 4447
  • DJIA - above its 50 days moving average line near 34400; current at 35484
  • RUSSELL 2000 - below its 50 days moving average line near 2240; current at 2250

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 many industry groups showing accumulation. 

Sector Industry Sub-group # Stocks
Technology Consumer Services Television Services 2 CABO, LBTYA
Technology Technology Radio And Television Broadcasting And Communications Equipment 2 LORL, SATS
Retail Consumer Non-Durables Meat/Poultry/Fish 3 PPC, SAFM, TSN
Retail Consumer Services Hotels/Resorts (Gaming) 3 DKNG, MCRI, SGMS
Retail Consumer Durables Automotive Aftermarket 4 CARS, CVNA, LAZY, VRM
Retail Consumer Services Department/Specialty Retail Stores 2 DLTR, FIVE
Retail Consumer Services Department/Specialty Retail Stores 3 COST, TGT, WMT
Retail Transportation Air Freight/Delivery Services 2 DAL, UAL
Industrial Basic Industries Mining & Quarrying of Nonmetallic Minerals (No Fuels) 4 LOMA, MLM, SUM, VMC
Industrial Consumer Durables Building Products 3 ATKR, SIC, TGLS
Industrial Technology Diversified Commercial Services 2 AER, TGH
Industrial Consumer Durables Containers/Packaging 3 ATR, BERY, BLL
Industrial Energy Industrial Machinery/Components 2 DDD, SSYS
Industrial Basic Industries Paper 4 CLW, IP, VRTV, WRK
Industrial Basic Industries Environmental Services 2 CLH, DCI
Industrial Transportation Railroads 2 CSX, KSU
Industrial Transportation Trucking Freight/Courier Services 2 PTSI, SAIA
Commodities Energy Industrial Machinery/Components 4 BLNK, CHPT, GPRE, IEA
Commodities Basic Industries Steel/Iron Ore 2 NUE, STLD
Financial Finance Major Banks 4 BAC, GS, SMFG, WFC
Financial Finance Finance: Consumer Services 3 COF, MOGO, UPST
Financial Finance Property-Casualty Insurers (Diversified) 2 AIG, MFC
Financial Finance Life Insurance 3 MET, PRU, PUK

Which industry groups from recent strength show weakness today?

Relative strength drops by 3%
Financial Finance Investment Managers 8 AB, APAM, BEN, DHIL, KKR, MARA, MN, VRTS


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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