Our Cookie Policy

Echofavor and carefully selected third parties use cookies on this site to improve performance, for analytics and to show you offers tailored to your interests on our site and third party sites. By continuing to use our site, you consent to our use of cookies. Privacy Policy

Life is memorable. Share your experience. Help others. Return the favor. Terms Of Use    Privacy Policy    About    FAQ    Help   Contact Us  
As an Amazon Associate and affiliate with other third parties, Echofavor earn from qualifying purchases and display advertisements.

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

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.


Copyright © Echofavor 2021. All Rights Reserved. Powered by Echofavor
Copyright © Echofavor 2021. All Rights Reserved.
Powered by Echofavor