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Daily stock market update August 30, 2021 - Market continue to move higher
How is stock market today?
Market continue to move higher as Nasdaq and S&P 500 lead to new highs.
What is the current support level?
Nasdaq hit new high.
S&P 500 also hit new high closing.
Dow Jones slide a little after rebounding from its 10 and 21 days moving average and is near recent high.
Russell 2000 slide a little after rebounding above its 50 days moving average. This is a really good sign.
- NASDAQ - above its 50 days moving average line near 14500; current at 15265
- S&P 500 - above its 50 days moving average line near 4350; current at 4528
- DJIA - above its 50 days moving average line near 34800; current at 35399
- RUSSELL 2000 - below its 50 days moving average line near 2250; current at 2265
- Nasdaq is now above 15000.
- 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 is only a few industry groups under accumulation.
|Retail||Consumer Services||Other Specialty Stores (Leisure)||2||BGFV, DKS|
|Health||Health Care||Medical Specialities (Services)||3||GH, NEO, PMD|
|Health||Health Care||Biotechnology: Electromedical & Electrotherapeutic Apparatus||2||HRC, IDXX|
|Financial||Miscellaneous||Business Services||3||AFRM, FLYW, GDOT|
Which industry groups from recent strength show weakness today?
|Relative strength drops by 11%|
|Retail||Consumer Services||Clothing/Shoe/Accessory Stores||-5||HBI, PVH, RL, UFI, VNCE|
|Relative strength drops by 2%|
|Retail||Consumer Services||Marine Transportation||-2||PTON, UBER|
|Relative strength drops by 10%|
|Financial||Finance||Life Insurance||3||MET, PRU, PUK|
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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