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Daily stock market update August 5, 2021 - Market close at new high

How is stock market today?

Market show strength as Nasdaq hit new high.

What is the current support level?

Nasdaq hit new high.

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

Russell 2000 recover above its 10 and 21 days moving average. 

  • NASDAQ - above its 50 days moving average line near 14000; current at 14896
  • S&P 500 - above its 50 days moving average line near 4200; current at 4429
  • DJIA - above its 50 days moving average line near 34400; current at 35064
  • RUSSELL 2000 - below its 50 days moving average line near 2240; current at 2236

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 4 MU, SIMO, TDC, WDC
Technology Technology Semiconductors 6 AMD, LSCC, MXL, NVDA, RMBS, SITM
Technology Technology Semiconductors (Manufacturing) 12 ADI, AMKR, CREE, DIOD, IMOS, MCHP, ON, PI, POWI, QRVO, TSEM, UMC
Industrial Consumer Durables Building Products 6 ATKR, AZEK, FBHS, MWA, TREX, WTS
Industrial Miscellaneous Business Services (Market Research) 5 IT, MCO, MORN, SPGI, TRI
Industrial Basic Industries Electric Utilities: Central 2 ETR, POR
Financial Finance Finance: Consumer Services 2 ATLC, CACC
Financial Finance Investment Bankers/Brokers/Service 2 BGCP, XP
Financial Finance Investment Managers 8 AB, APAM, BEN, DHIL, KKR, MARA, MN, VRTS

Which industry groups from recent strength show weakness today?

Relative strength drops by 1%
Industrial Technology Advertising 2 IPG, TTD


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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