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Daily stock market update July 29, 2021 - Market continue to show strength

How is stock market today?

Market continue to show strength as indices are nearing highs.

What is the current support level?

Nasdaq move up slightly.

S&P 500 and Dow Jones are now near recent high.

Russell 2000 recover above its 10 and 21 days moving average. It is nearing its 50 days moving average.

  • NASDAQ - above its 50 days moving average line near 14000; current at 14778
  • S&P 500 - above its 50 days moving average line near 4200; current at 4419
  • DJIA - above its 50 days moving average line near 34400; current at 35084
  • RUSSELL 2000 - below its 50 days moving average line near 2240; current at 2240

Psychological levels

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

Which industry groups show strength?

There are some industry groups showing accumulation. 

Sector Industry Sub-group # Stocks
Technology Technology Semiconductors 5 AMD, MPWR, MXL, QCOM, XLNX
Technology Technology Semiconductors (Manufacturing) 7 ADI, AMKR, IMOS, ON, PI, STM, SWKS
Industrial Technology Industrial Machinery/Components 2 GE, TRS
Industrial Consumer Services Other Consumer Services 2 CSV, SCI
Industrial Basic Industries Paper 2 GPK, PKG
Health Health Care Medical/Dental Instruments 8 ALGN, BSX, CNMD, IART, ITGR, LIVN, RGEN, SYK
Commodities Energy Coal Mining 2 ARCH, BTU
Commodities Basic Industries Steel/Iron Ore 5 CLF, MT, NUE, STLD, TS
Financial Consumer Services Other Consumer Services (Specialty) 3 FISV, PFMT, TRU
2GPK, WRK

Which industry groups from recent strength show weakness today?

Relative strength drops by 1%
Technology Technology Semiconductors (Equip) 4 ASML, COHU, KLAC, LRCX


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.

  

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