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Daily stock market update August 12, 2021 - Market made another closing high

How is stock market today?

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

What is the current support level?

Nasdaq rebound from its 10 days moving average.

S&P 500 and Dow Jones made another 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 14816
  • S&P 500 - above its 50 days moving average line near 4200; current at 4460
  • DJIA - above its 50 days moving average line near 34400; current at 35499
  • RUSSELL 2000 - below its 50 days moving average line near 2240; current at 2244

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 Consumer Services Television Services 2 CABO, LBTYA
Retail Consumer Non-Durables Meat/Poultry/Fish 3 PPC, SAFM, TSN
Retail Consumer Durables Automotive Aftermarket 2 CARS, CVNA
Industrial Consumer Durables Building Products 3 ATKR, AZEK, SIC
Industrial Technology Diversified Commercial Services 2 AER, TGH
Industrial Consumer Services Other Consumer Services 2 CSV, SCI
Industrial Energy Industrial Machinery/Components 4 DDD, SSYS, VJET, XONE
Commodities Energy Industrial Machinery/Components 2 GPRE, IEA
Commodities Basic Industries Steel/Iron Ore 2 NUE, STLD
Financial Finance Finance: Consumer Services 2 COF, UPST
Financial Finance Property-Casualty Insurers (Diversified) 3 AIG, HIG, MFC


Which industry groups from recent strength show weakness today?

Relative strength drops by 1%
Retail Transportation Air Freight/Delivery Services -2 AAL, SAVE

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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