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Daily stock market update August 9, 2021 - Market holding strong

August 10, 2021
MCBOSS CAPITAL
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market update

How is stock market today?

Market indices are holding strong.

What is the current support level?

Nasdaq went up slightly and is nearing its recent high.

S&P 500 and Dow Jones are down a little.

Russell 2000 slide a little but is above its 10 and 21 days moving average.

NASDAQ - above its 50 days moving average line near 14000; current at 14860
S&P 500 - above its 50 days moving average line near 4200; current at 4432
DJIA - above its 50 days moving average line near 34400; current at 35101
RUSSELL 2000 - below its 50 days moving average line near 2240; current at 2234

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 few industry groups showing accumulation.

Sector	Industry	Sub-group	#	Stocks
Retail	Consumer Non-Durables	Meat/Poultry/Fish	3	BYND, SAFM, TSN

Commodities	Energy	Industrial Machinery/Components	4	BLDP, BLNK, CHPT, FCEL

Which industry groups from recent strength show weakness today?

Relative strength drops by 1%
Technology	Technology	Electronic Components	3	MU, SIMO, WDC

Relative strength drops by 10%
Technology	Technology	Semiconductors	6	CEVA, HIMX, LSCC, MXL, RMBS, SITM

Relative strength drops by 3%
Technology	Technology	Radio And Television Broadcasting And Communications Equipment	2	ADTN, SATS

Relative strength drops by 2%
Industrial	Technology	Professional Services	4	AMN, ASGN, CCRN, KELYA

Relative strength drops by 4%
Industrial	Transportation	Trucking Freight/Courier Services	2	ARCB, SAIA

Relative strength drops by 3%
Health	Health Care	Medical/Dental Instruments	13	ALGN, BSX, CNMD, EW, IART, ICUI, ITGR, LIVN, MMSI, RGEN, SILK, SYK, TNDM

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.