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Daily stock market update August 3, 2021 - Market edge up

August 04, 2021
MCBOSS CAPITAL
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market update

How is stock market today?

Market edge up to near recent high.

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 4423
DJIA - above its 50 days moving average line near 34400; current at 35120
RUSSELL 2000 - below its 50 days moving average line near 2240; current at 2223

Psychological levels

Nasdaq is above 14761.
S&P 500 is above 4400.
Dow Jones Industrial Average is above 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	Electronic Components	2	DXC, PRFT
Technology	Technology	Semiconductors (Manufacturing)	8	AMKR, DIOD, IMOS, MCHP, ON, PI, STM, TSEM

Retail	Consumer Services	Food Chains	2	KR, TA
Industrial	Consumer Durables	Building Products	5	ATKR, CSTE, FBHS, GCP, WTS
Industrial	Miscellaneous	Business Services (Market Research)	3	IT, MORN, SPGI
Industrial	Capital Goods	Industrial Machinery/Components (Tools)	2	KMT, XYL
Industrial	Transportation	Trucking Freight/Courier Services	2	ARCB, SAIA

Financial	Finance	Finance: Consumer Services	3	CACC, COOP, SC

Which industry groups from recent strength show weakness today?

Relative strength drops by 1%
Retail	Capital Goods	Auto Manufacturing	3	DECK, NKE, SHOO

Relative strength drops by 1%
Retail	Capital Goods	Auto Parts:O.E.M. (Parts)	-2	DORM, XPEL

Relative strength drops by 1%
Commodities	Basic Industries	Steel/Iron Ore	4	CLF, MT, NUE, STLD

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.