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Daily stock market update September 3, 2021 - Market made a new closing high

How is stock market today?

Market made a new closing high as Nasdaq lead the way.

Overall, the market were mostly able to make progress this week.

Index Aug. 30 - Sep. 3
Nasdaq 1.55%
S&P 500 0.58%
Dow Jones -0.24%
Russell 2000 0.65%

What is the current support level?

Nasdaq hit new closing high.

S&P 500 drop slightly but is near recent high.

Dow Jones drop to near its 10 and 21 days moving average and is near recent high.

Russell 2000 drop slightly after making a new recent high. 

  • NASDAQ - above its 50 days moving average line near 14500; current at 15363
  • S&P 500 - above its 50 days moving average line near 4350; current at 4535
  • DJIA - above its 50 days moving average line near 34800; current at 35369
  • RUSSELL 2000 - below its 50 days moving average line near 2250; current at 2286

Psychological levels

  • 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 are some industry groups under accumulation. 

Sector Industry Sub-group # Stocks
Technology Technology Computer Software: Prepackaged Software (Special) 3 AVLR, BL, LSPD
Technology Technology Computer Software: Prepackaged Software (Database) 4 ESTC, MDB, VRNS, WK
Technology Technology Computer Software: Prepackaged Software (Financial) 2 ACIW, GWRE
Technology Technology Computer Software: Prepackaged Software (Security) 4 FTNT, KNBE, OKTA, ZS
Technology Technology Computer Manufacturing 3 CRSR, HPQ, SMCI
Technology Technology EDP Services (Tech Services) 5 GIB, GLOB, HCKT, PRFT, TASK
Technology Public Utilities Telecommunications Equipment (Wireless) 2 IRDM, VG
Retail Miscellaneous Business Services (Internet) 6 AMZN, DASH, GRUB, JMIA, PDD, VIPS
Retail Consumer Services Other Specialty Stores (Leisure) 3 ASO, BGFV, DKS
Retail Consumer Services Food Chains 2 KR, TA
Retail Consumer Non-Durables Farming/Seeds/Milling 3 MO, PM, VGR
Health Health Care Major Pharmaceuticals (Generic Drugs) 2 EGRX, RDY
Health Health Care Medical Specialities (Services) 4 GH, NEO, OTRK, PMD
Commodities Energy Oil & Gas Production (U.S.) 10 AR, CHK, COG, CRC, DEN, MGY, RRC, SWN, WLL, XEC
Financial Finance Real Estate 4 CBRE, FSV, KW, RLGY

Which industry groups from recent strength show weakness today?

Relative strength drops by 7%
Retail Consumer Services Consumer Electronics/Video Chains -2 RDI, ROKU
Relative strength drops by 1%
Industrial Capital Goods Electrical Products 2 KEYS, NOVT
Relative strength drops by 10%
Health Health Care Medical/Nursing Services 2 AMED, RDNT


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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