Our Cookie Policy

Echofavor and carefully selected third parties use cookies on this site to improve performance, for analytics and to show you offers tailored to your interests on our site and third party sites. By continuing to use our site, you consent to our use of cookies. Privacy Policy

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.

Daily stock market update July 23, 2021 - Market close at new highs

How is stock market today?

Market continue to rebound for the fourth day, and the major indices close at new highs. This is a very bullish sign.

The market made an impressive recovery from drops on Monday and the recover throughout the week.

Index Jul. 19-23
Nasdaq 2.84%
S&P 500 1.96%
Dow Jones 1.08%
Russell 2000 2.15%

What is the current support level?

Nasdaq, S&P 500, Dow Jones close at new highs after rebounding strongly above its 10 days moving average. This is a good sign.

Russell 2000 continue to struggle near its10 days moving average. It is still far below its 50 days moving average.

  • NASDAQ - above its 50 days moving average line near 14000; current at 14836
  • 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 35061
  • RUSSELL 2000 - below its 50 days moving average line near 2240; current at 2209

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 above 2200.

Which industry groups show strength?

There are more groups showing accumulation. 

Sector Industry Sub-group # Stocks
Technology Technology EDP Services (Tech Services) 3 CACI, DAVA, WIT
Technology Technology Semiconductors (Equip) 4 ASML, COHU, KLAC, LRCX
Technology Technology Computer Software: Programming, Data Processing (Content) 6 CARG, FB, GOOGL, MTCH, SNAP, TWTR
Retail Consumer Non-Durables Shoe Manufacturing 3 CROX, RCKY, SKX
Retail Consumer Services Marine Transportation 2 CAR, PLNT
Retail Consumer Services Restaurants 10 CMG, DPZ, GTIM, KRUS, MCD, PZZA, QSR, SBUX, WING, YUM
Industrial Finance Diversified Commercial Services 2 IBP, ROL
Industrial Technology Advertising 2 IPG, TTD
Health Health Care Major Pharmaceuticals 5 ALNY, ARVN, BNTX, MRNA, TBIO
Health Health Care Major Pharmaceuticals (Ethical Drugs) 2 NVO, PFE
Health Health Care Medical/Dental Instruments 7 BSX, EW, LIVN, QDEL, THC, TNDM, ZBH
Financial Capital Goods Homebuilding 3 DHI, KBH, TPH
Financial Finance Finance: Consumer Services 2 OMF, WRLD

Which industry groups from recent strength show weakness today?

Relative strength drops by 2%
Retail Consumer Non-Durables Package Goods/Cosmetics 4 ELF, IPAR, LFVN, PBH
Relative strength drops by 1%
Industrial Consumer Durables Metal Fabrications 2 ABB, ENS
Relative strength drops by 5%
Financial Finance Major Banks 3 MS, UBS, WFC

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.


Copyright © Echofavor 2021. All Rights Reserved. Powered by Echofavor
Copyright © Echofavor 2021. All Rights Reserved.
Powered by Echofavor