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Daily stock market update July 19, 2021 - Market downtrend
How is stock market today?
Market start the week continuing their recent downtrend.
The following is tracking the current pullback and correction for the indices.
Nasdaq | -4.41% |
S&P 500 | -3.79% |
Dow Jones | -4.00% |
Russell 2000 | -11.54% |
What is the current support level?
Nasdaq gap down below its 21 days moving average.
S&P 500 gap down below its 21 days moving average and close near its 50 days moving average. This is a bearish sign.
Dow Jones fell hard below its 50 days moving average. This is a bearish sign.
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 14274
- S&P 500 - above its 50 days moving average line near 4200; current at 4258
- DJIA - below its 50 days moving average line near 34400; current at 33962
- RUSSELL 2000 - below its 50 days moving average line near 2240; current at 2130
Psychological levels
- Nasdaq is above 14000.
- S&P 500 is now below 4300.
- Dow Jones Industrial Average is now 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?
Sector | Industry | Sub-group | # | Stocks |
Below 50 days moving average | ||||
Retail | Consumer Services | Clothing/Shoe/Accessory Stores | -9 | ANF, BURL, CATO, CHS, CTRN, GES, PLCE, TJX, ZUMZ |
Below 50 days moving average | ||||
Industrial | Capital Goods | Electrical Products | -2 | CGNX, IPGP |
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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