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Daily stock market update August 2, 2021 - Market is trying to hold on

August 03, 2021
MCBOSS CAPITAL
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market update

How is stock market today?

Market is trying to hold on to recent gains.

What is the current support level?

Nasdaq move up slightly.

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

Russell 2000 is once again testing 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 14681
S&P 500 - above its 50 days moving average line near 4200; current at 4387
DJIA - above its 50 days moving average line near 34400; current at 34838
RUSSELL 2000 - below its 50 days moving average line near 2240; current at 2215

Psychological levels

Nasdaq is above 14000.
S&P 500 is above 4400.
Dow Jones Industrial Average is below 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	6	AMD, CEVA, MPWR, MXL, QCOM, XLNX
Technology	Technology	Semiconductors (Manufacturing)	8	ADI, AMKR, IMOS, MTSI, ON, PI, POWI, STM

Retail	Capital Goods	Auto Manufacturing	2	RACE, TSLA

Industrial	Consumer Services	Other Consumer Services	2	CSV, SCI
Industrial	Basic Industries	Paper	2	GPK, PKG
Industrial	Basic Industries	Environmental Services	3	GFL, WCN, WM

Health	Health Care	Medical/Dental Instruments	13	ALGN, BSX, CNMD, EW, IART, ICUI, ITGR, LIVN, MMSI, RGEN, SILK, SYK, TNDM

Commodities	Energy	Coal Mining	2	ARCH, BTU
Commodities	Basic Industries	Steel/Iron Ore	4	CLF, MT, NUE, STLD

Financial	Consumer Services	Other Consumer Services (Specialty)	4	FISV, INFO, PFMT, TRU

Which industry groups from recent strength show weakness today?

Relative strength drops by 1%
Technology	Technology	Computer Software: Programming, Data Processing (Content)	-3	ATHM, PINS, YNDX

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.