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Daily stock market update July 9, 2021 - Market rebound

July 10, 2021
MCBOSS CAPITAL
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market update

How is stock market today?

Market rebound to gain back some of the week's losses.

The indices manage to gain a little for the week except for small cap Russell 2000.

Index	Jul. 5-9
Nasdaq	0.43%
S&P 500	0.40%
Dow Jones	0.24%
Russell 2000	-3.21%

What is the current support level?

Nasdaq rebound from its 10 days moving average to near recent high.

S&P made an impressive new high. This is a bullish sign.

Dow Jones rebound to a new recent high. This is a bullish sign.

Russell 2000 recover to slightly above its 50 days moving average.

NASDAQ - above its 50 days moving average line near 13640; current at 14701
S&P 500 - above its 50 days moving average line near 41400; current at 4369
DJIA - above its 50 days moving average line near 34200; current at 34870
RUSSELL 2000 - below its 50 days moving average line near 2240; current at 2280

Psychological levels

Nasdaq is above 14000.
S&P 500 is now above 4200.
Dow Jones Industrial Average is above 34000.
Small cap Russell 2000 is below 2300.

Which industry groups show strength?

There are not many groups showing accumulation.

Sector	Industry	Sub-group	#	Stocks
Technology	Technology	Computer Software: Prepackaged Software (Enterprise)	2	SAP, SNOW

Retail	Miscellaneous	Business Services (Internet)	3	AMZN, CHWY, STMP

Commodities	Energy	Coal Mining	2	ARCH, BTU

Which industry groups from recent strength show weakness today?

None

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.