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Daily stock market update July 26, 2021 - Market continue winning streak

July 27, 2021
MCBOSS CAPITAL
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market update

How is stock market today?

Deja Vu. Market continue its winning streak this week.

What is the current support level?

Nasdaq, S&P 500 and Dow Jones are on a 5 day win streak hitting new highs.

Russell 2000 continue to struggle near its 10 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 14840
S&P 500 - above its 50 days moving average line near 4200; current at 4422
DJIA - above its 50 days moving average line near 34400; current at 35144
RUSSELL 2000 - below its 50 days moving average line near 2240; current at 2216

Psychological levels

Nasdaq is above 14000.
S&P 500 is now above 4400.
Dow Jones Industrial Average is now above 35000.
Small cap Russell 2000 is now above 2200.

Which industry groups show strength?

There are not many groups showing accumulation.

Sector	Industry	Sub-group	#	Stocks
Retail	Transportation	Air Freight/Delivery Services	3	AAL, ALK, RYAAY

Which industry groups from recent strength show weakness today?

Relative strength drops by 2%
Technology	Technology	Semiconductors (Manufacturing)	2	POWI, TXN

Relative strength drops by 1%
Technology	Technology	Radio And Television Broadcasting And Communications Equipment	2	CMTL, LORL

Relative strength drops by 9%
Retail	Consumer Services	Restaurants	10	CMG, DPZ, GTIM, KRUS, MCD, PZZA, QSR, SBUX, WING, YUM

Relative strength drops by 8%
Health	Health Care	Major Pharmaceuticals	5	ALNY, ARVN, BNTX, MRNA, TBIO

Relative strength drops by 11%
Health	Health Care	Medical/Dental Instruments	2	IART, LIVN

Relative strength drops by 5%
Health	Health Care	Biotechnology: Commercial Physical & Biological Research	5	A, AVTR, MYGN, PKI, TMO

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.