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Daily stock market update August 10, 2021 - Market made new closing high

August 11, 2021
MCBOSS CAPITAL
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market update

How is stock market today?

Market made new closing high as S&P 500 and Dow Jones take the lead.

What is the current support level?

Nasdaq slide to its 10 days moving average.

S&P 500 and Dow Jones made a new closing high.

Russell 2000 is holding above its 10 days moving average.

NASDAQ - above its 50 days moving average line near 14000; current at 14788
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 35264
RUSSELL 2000 - below its 50 days moving average line near 2240; current at 2239

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
Technology	Technology	Radio And Television Broadcasting And Communications Equipment	2	LORL, SATS

Retail	Consumer Non-Durables	Meat/Poultry/Fish	3	PPC, SAFM, TSN
Retail	Consumer Durables	Automotive Aftermarket	3	CARS, CVNA, LAZY
Retail	Consumer Services	Department/Specialty Retail Stores	2	TGT, WMT

Industrial	Basic Industries	Mining & Quarrying of Nonmetallic Minerals (No Fuels)	2	SUM, VMC
Industrial	Consumer Durables	Building Products	3	ATKR, SIC, TGLS
Industrial	Consumer Durables	Containers/Packaging	2	BERY, BLL
Industrial	Energy	Industrial Machinery/Components	5	DDD, DM, SSYS, VJET, XONE
Industrial	Basic Industries	Paper	4	CLW, IP, VRTV, WRK

Commodities	Energy	Industrial Machinery/Components	5	AMRC, BLNK, CHPT, FCEL, IEA
Commodities	Basic Industries	Steel/Iron Ore	2	NUE, STLD

Financial	Finance	Major Banks	3	BAC, GS, WFC
Financial	Finance	Life Insurance	3	MET, PRU, PUK

Which industry groups from recent strength show weakness today?

Relative strength drops by 1%
Technology	Technology	EDP Services (Medical)	2	MDRX, TRHC

Below 50 days moving average
Health	Health Care	Hospital/Nursing Management	-2	SEM, THC

Relative strength drops by 10%
Financial	Finance	Investment Bankers/Brokers/Service	2	BGCP, XP

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.