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Daily stock market update July 12, 2021 - Market making stride

July 13, 2021
MCBOSS CAPITAL
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market update

How is stock market today?

Market is making stride to new highs.

What is the current support level?

Nasdaq continue to make new high. This is a bullish sign.

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

Dow Jones also made a new closing 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 14733
S&P 500 - above its 50 days moving average line near 41400; current at 4384
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 2281

Psychological levels

Nasdaq is above 14000.
S&P 500 is above 4300.
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
Retail	Capital Goods	Auto Parts:O.E.M. (Parts)	2	MPAA, XPEL

Financial	Finance	Finance: Consumer Services	3	COF, COOP, UPST
Financial	Consumer Services	Real Estate Investment Trusts	7	ESS, IIPR, MGP, NTST, PLD, ROIC, VNO

Which industry groups from recent strength show weakness today?

Relative strength drops by 1%
Retail	Consumer Services	Consumer Electronics/Video Chains	-2	CNK, MCS

Relative strength drops by 1%
Health	Finance	Specialty Insurers	4	CRVL, HCSG, PINC, VCRA

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.