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Daily stock market update August 25, 2021 - Market continue its strength

How is stock market today?

Market continue its strength higher after Nasdaq surpass 15,000 for the first time.

What is the current support level?

Nasdaq and S&P 500 made new closing high.

Dow Jones rebound above its 10 days moving average.

Russell 2000 is now at its 50 days moving average. It recently recover above its 10, 21 and 200 days moving average. Watch for this support level.

  • NASDAQ - above its 50 days moving average line near 14500; current at 15041
  • S&P 500 - above its 50 days moving average line near 4350; current at 4496
  • DJIA - above its 50 days moving average line near 34800; current at 35405
  • RUSSELL 2000 - below its 50 days moving average line near 2250; current at 2239

Psychological levels

  • Nasdaq is above 14000.
  • S&P 500 is above 4400.
  • Dow Jones Industrial Average is now above 35000.
  • Small cap Russell 2000 is below 2200.

Which industry groups show strength?

There are more accumulation from industry groups. 

Sector Industry Sub-group # Stocks
Technology Technology Computer Software: Prepackaged Software (Security) 11 CHKP, CRWD, CYBR, MIME, NLOK, OKTA, PANW, PING, QLYS, ZIXI, ZS
Technology Technology Semiconductors 4 MRVL, MXL, NVDA, XLNX
Technology Technology Semiconductors (Manufacturing) 6 DIOD, PI, POWI, STM, TSM, UMC
Technology Technology EDP Services 2 GDS, SPRT
Technology Consumer Durables Telecommunications Equipment 2 CIEN, CLFD
Retail Consumer Services Clothing/Shoe/Accessory Stores 2 GIL, GOOS
Retail Consumer Services Hotels/Resorts (Gaming) 8 DKNG, IGT, LVS, MCRI, MGM, PENN, RRR, WYNN
Retail Consumer Services Consumer Electronics/Video Chains 5 AMC, CNK, DLPN, IQ, RGC
Retail Consumer Services Marine Transportation 3 CUK, PTON, UBER
Retail Miscellaneous Business Services 2 ABNB, BKNG
Retail Consumer Non-Durables Consumer Specialties 2 MOV, SIG
Retail Consumer Services Clothing/Shoe/Accessory Stores 5 CHS, CTRN, GES, TJX, TLYS
Retail Consumer Services Consumer Electronics/Video Chains 2 BBY, GME
Retail Consumer Services Department/Specialty Retail Stores 2 KSS, M
Retail Consumer Services Department/Specialty Retail Stores 2 DLTR, FIVE
Retail Consumer Services Other Specialty Stores (Leisure) 5 ASO, BBW, BGFV, DKS, HIBB
Health Health Care Major Pharmaceuticals 12 AMRN, ARGX, ARNA, ATRA, BNTX, DCPH, EXAS, HRTX, PCRX, SRNE, SRPT, TGTX
Health Health Care Medical Specialities (Services) 2 GH, PMD
Financial Finance Investment Bankers/Brokers/Service 2 FUTU, JEF


Which industry groups from recent strength show weakness today?

Relative strength drops by 1%
Health Health Care Major Pharmaceuticals (Ethical Drugs) -2 GRFS, NVS
Relative strength drops by 1%
Health Health Care Medical/Dental Instruments 6 ALC, COO, ITGR, MDT, NEOG, PODD


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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