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Daily stock market update August 27, 2021 - Market rebound strong
How is stock market today?
Market rebound strong on Friday after Thursday's retreat and close at new high.
Overall this week, the market turn in another gain.
What is the current support level?
Nasdaq hit new high.
S&P 500 also hit new high closing at 4509.
Dow Jones rebound from its 10 and 21 days moving average and is near new high.
Russell 2000 rebound above its 50 days moving average. This is a really good sign.
- NASDAQ - above its 50 days moving average line near 14500; current at 15129
- S&P 500 - above its 50 days moving average line near 4350; current at 4509
- DJIA - above its 50 days moving average line near 34800; current at 35479
- RUSSELL 2000 - below its 50 days moving average line near 2250; current at 2277
- Nasdaq is now above15000.
- S&P 500 is now above 4500.
- Dow Jones Industrial Average is above 35000.
- Small cap Russell 2000 is above 2200.
Which industry groups show strength?
There are some accumulation from industry groups.
|Technology||Technology||Computer Software: Prepackaged Software (Financial)||2||INTU, QTWO|
|Technology||Technology||Computer Software: Prepackaged Software (Security)||9||CRWD, CYBR, MIME, OKTA, PANW, PING, SAIL, ZIXI, ZS|
|Technology||Technology||Semiconductors||4||LSCC, MXL, NVDA, RMBS|
|Technology||Technology||Semiconductors (Manufacturing)||7||DIOD, MCHP, PI, POWI, STM, TSM, UMC|
|Retail||Consumer Services||Hotels/Resorts (Gaming)||10||CZR, DKNG, IGT, LVS, MCRI, MGM, PENN, RRR, SGMS, WYNN|
|Retail||Consumer Services||Consumer Electronics/Video Chains||4||AMC, CNK, DLPN, IMAX|
|Retail||Consumer Non-Durables||Consumer Specialties||2||MOV, SIG|
|Retail||Consumer Services||Consumer Electronics/Video Chains||2||BBY, GME|
|Retail||Consumer Services||Other Specialty Stores (Leisure)||4||ASO, BBW, BGFV, DKS|
|Industrial||Capital Goods||Electrical Products||2||KEYS, NOVT|
|Industrial||Capital Goods||Fluid Controls||2||ITT, MNTX|
|Health||Health Care||Major Pharmaceuticals||11||APLS, ARGX, ATRA, CHRS, DCPH, EXAS, HALO, NKTR, QURE, SRPT, TGTX|
|Health||Health Care||Medical Specialities (Services)||3||GH, NEO, PMD|
Which industry groups from recent strength show weakness today?
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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