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

August 06, 2021
MCBOSS CAPITAL
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market update

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.