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Daily stock market update July 28, 2021 - Market is trying to recover

July 29, 2021
MCBOSS CAPITAL
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market update

How is stock market today?

Market is trying to recover above its 10 days moving average.

What is the current support level?

Nasdaq, S&P 500 and Dow Jones rebound from its 10 days moving average.

Russell 2000 once again is trying to recover above 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 14762
S&P 500 - above its 50 days moving average line near 4200; current at 4400
DJIA - above its 50 days moving average line near 34400; current at 34930
RUSSELL 2000 - below its 50 days moving average line near 2240; current at 2224

Psychological levels

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

Which industry groups show strength?

There are no industry groups showing accumulation.

GPK, WRK

Which industry groups from recent strength show weakness today?

Relative strength drops by 1%
Technology	Technology	Computer Software: Prepackaged Software (Database)	-2	AYX, CVLT

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.