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Daily stock market update July 22, 2021 - Market continue to rebound

July 23, 2021
MCBOSS CAPITAL
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market update

How is stock market today?

Market continue to rebound for the third 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 drops below its 10 days moving average once again. It is still far below its 50 days moving average.

NASDAQ - above its 50 days moving average line near 14000; current at 14684
S&P 500 - above its 50 days moving average line near 4200; current at 4367
DJIA - above its 50 days moving average line near 34400; current at 34823
RUSSELL 2000 - below its 50 days moving average line near 2240; current at 2199

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	Semiconductors (Equip)	2	ASML, COHU

Retail	Consumer Non-Durables	Shoe Manufacturing	2	CROX, SKX
Retail	Consumer Services	RETAIL: Building Materials	2	FND, GMS
Retail	Consumer Services	Restaurants	8	CMG, DPZ, MCD, PZZA, QSR, SBUX, WING, YUM

Health	Health Care	Medical/Dental Instruments	5	BSX, LIVN, MMSI, QDEL, TNDM
Health	Health Care	Other Pharmaceuticals	3	ABC, CAH, MCK

Financial	Capital Goods	Homebuilding	2	NVR, TPH
Financial	Finance	Finance: Consumer Services	3	CACC, COOP, WRLD

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.