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Daily stock market update July 21, 2021 - Market continue to rebound

July 22, 2021
MCBOSS CAPITAL
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market update

How is stock market today?

Market continue to rebound for the second day.

What is the current support level?

Nasdaq, S&P 500, Dow Jones rebound strongly above its 10 days moving average. This is a good sign.

Russell 2000 recover above its 10 days moving average but is still far below its 50 days moving average.

NASDAQ - above its 50 days moving average line near 14000; current at 14631
S&P 500 - above its 50 days moving average line near 4200; current at 4358
DJIA - above its 50 days moving average line near 34400; current at 34798
RUSSELL 2000 - below its 50 days moving average line near 2240; current at 2194

Psychological levels

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

Which industry groups show strength?

There are more groups showing accumulation.

Sector	Industry	Sub-group	#	Stocks
Technology	Technology	Computer Software: Prepackaged Software (Database)	3	ORCL, PRGS, WK
Technology	Technology	Semiconductors (Manufacturing)	2	POWI, TXN

Retail	Consumer Non-Durables	Package Goods/Cosmetics	4	ELF, IPAR, LFVN, PBH
Retail	Consumer Non-Durables	Plastic Products	2	IRBT, MIDD
Retail	Consumer Services	RETAIL: Building Materials	2	FND, GMS
Retail	Consumer Services	Restaurants	3	CMG, KRUS, PZZA
Retail	Transportation	Air Freight/Delivery Services	2	ALGT, LUV

Industrial	Capital Goods	Military/Government/Technical	3	HII, ISSC, TXT
Industrial	Consumer Durables	Building Products	2	BLDR, WTS
Industrial	Finance	Diversified Commercial Services	2	IBP, ROL
Industrial	Consumer Services	Other Consumer Services	2	CSV, SCI

Health	Health Care	Major Pharmaceuticals	7	ALNY, ARGX, BNTX, BPMC, EBS, MRNA, RPTX
Health	Health Care	Hospital/Nursing Management	2	CYH, HCA
Health	Health Care	Medical/Dental Instruments	5	BSX, LIVN, QDEL, THC, TNDM
Health	Health Care	Other Pharmaceuticals	3	ABC, CAH, MCK

Financial	Finance	Major Banks	3	MS, UBS, WFC
Financial	Finance	Finance: Consumer Services	6	ATLC, CACC, COOP, FCFS, RM, WRLD
Financial	Finance	Property-Casualty Insurers (Diversified)	2	AIG, PFG

Which industry groups from recent strength show weakness today?

Relative strength drops by 1%
Retail	Consumer Non-Durables	Packaged Foods	-6	CAG, CPB, FLO, GIS, NOMD, UL

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.