Life is memorable. Share your experience. Help others. Return the favor. Terms Of Use Privacy Policy About FAQ Help Contact Us

As an Amazon Associate and affiliate with other third parties, Echofavor earn from qualifying purchases and display advertisements.

View Coupon

Daily stock market update July 16, 2021 - Market pull back again

July 17, 2021
MCBOSS CAPITAL
16 views

market update

How is stock market today?

Market pull back for the fourth consecutive day.

This week the market suffer another setback.

Index	Jul. 12-16
Nasdaq	-1.87%
S&P 500	-0.97%
Dow Jones	-0.52%
Russell 2000	-3.93%

What is the current support level?

Nasdaq pull back to its 21 days moving average.

S&P 500 fell to near its 21 days moving average.

Dow Jones fell to near its 10 days moving average.

Russell 2000 fell further below its 50 days moving average and maybe heading to its 200 days moving average. This index is deteriorating.

NASDAQ - above its 50 days moving average line near 14000; current at 14427
S&P 500 - above its 50 days moving average line near 42000; current at 4327
DJIA - above its 50 days moving average line near 34200; current at 34687
RUSSELL 2000 - below its 50 days moving average line near 2240; current at 2163

Psychological levels

Nasdaq is above 14000.
S&P 500 is above 4300.
Dow Jones Industrial Average is above 34000.
Small cap Russell 2000 is now below 2200.

Which industry groups show strength?

There are no groups showing accumulation. This is a bearish sign.

Which industry groups from recent strength show weakness today?

Relative strength drops by 7%
Technology	Technology	Computer Software: Prepackaged Software (Security)	-4	CYBR, KNBE, MCFE, TUFN

Relative strength drops by 1%
Industrial	Miscellaneous	Industrial Machinery/Components	-2	APH, AVT

Relative strength drops by 2%
Commodities	Technology	Semiconductors (Solar)	-2	FSLR, SPWR

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.