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Daily stock market update August 13, 2021 - Market made new high streak

How is stock market today?

Market continue to make new closing high streak as S&P 500 and Dow Jones lead the market.

Market show mixed signal this week.

Index Aug. 9-13
Nasdaq -0.09%
S&P 500 0.71%
Dow Jones 0.87%
Russell 2000 -1.10%

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 drop back below its 10 days moving average. This is not a good sign.

  • NASDAQ - above its 50 days moving average line near 14000; current at 14822
  • S&P 500 - above its 50 days moving average line near 4200; current at 4468
  • DJIA - above its 50 days moving average line near 34400; current at 35515
  • RUSSELL 2000 - below its 50 days moving average line near 2240; current at 2221

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 PPC, SAFM, TSN
Retail Consumer Services Department/Specialty Retail Stores 2 DLTR, FIVE
Industrial Transportation Railroads 2 CSX, KSU
Commodities Basic Industries Steel/Iron Ore 2 NUE, STLD
Financial Finance Property-Casualty Insurers (Diversified) 2 AIG, MFC

Which industry groups from recent strength show weakness today?

Relative strength drops by 1%
Retail Consumer Services Hotels/Resorts (Gaming) 3 DKNG, MCRI, SGMS
Relative strength drops by 1%
Retail Consumer Services Newspapers/Magazines -2 NWS, NWSA
Relative strength drops by 2%
Retail Consumer Durables Automotive Aftermarket -2 DRVN, VRM
Relative strength drops by 1%
Industrial Basic Industries Mining & Quarrying of Nonmetallic Minerals (No Fuels) 4 LOMA, MLM, SUM, VMC
Relative strength drops by 1%
Industrial Consumer Durables Containers/Packaging 3 ATR, BERY, BLL
Relative strength drops by 2%
Industrial Basic Industries Paper 4 CLW, IP, VRTV, WRK
Relative strength drops by 1%
Industrial Basic Industries Environmental Services -2 SRCL, TISI



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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