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Daily stock market update August 11, 2021 - Market made new closing high

August 12, 2021
MCBOSS CAPITAL
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market update

How is stock market today?

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

What is the current support level?

Nasdaq slide to near its 10 and 21 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 14765
S&P 500 - above its 50 days moving average line near 4200; current at 4447
DJIA - above its 50 days moving average line near 34400; current at 35484
RUSSELL 2000 - below its 50 days moving average line near 2240; current at 2250

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 many industry groups showing accumulation.

Sector	Industry	Sub-group	#	Stocks
Technology	Consumer Services	Television Services	2	CABO, LBTYA
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 Services	Hotels/Resorts (Gaming)	3	DKNG, MCRI, SGMS
Retail	Consumer Durables	Automotive Aftermarket	4	CARS, CVNA, LAZY, VRM
Retail	Consumer Services	Department/Specialty Retail Stores	2	DLTR, FIVE
Retail	Consumer Services	Department/Specialty Retail Stores	3	COST, TGT, WMT
Retail	Transportation	Air Freight/Delivery Services	2	DAL, UAL

Industrial	Basic Industries	Mining & Quarrying of Nonmetallic Minerals (No Fuels)	4	LOMA, MLM, SUM, VMC
Industrial	Consumer Durables	Building Products	3	ATKR, SIC, TGLS
Industrial	Technology	Diversified Commercial Services	2	AER, TGH
Industrial	Consumer Durables	Containers/Packaging	3	ATR, BERY, BLL
Industrial	Energy	Industrial Machinery/Components	2	DDD, SSYS
Industrial	Basic Industries	Paper	4	CLW, IP, VRTV, WRK
Industrial	Basic Industries	Environmental Services	2	CLH, DCI
Industrial	Transportation	Railroads	2	CSX, KSU
Industrial	Transportation	Trucking Freight/Courier Services	2	PTSI, SAIA

Commodities	Energy	Industrial Machinery/Components	4	BLNK, CHPT, GPRE, IEA
Commodities	Basic Industries	Steel/Iron Ore	2	NUE, STLD

Financial	Finance	Major Banks	4	BAC, GS, SMFG, WFC
Financial	Finance	Finance: Consumer Services	3	COF, MOGO, UPST
Financial	Finance	Property-Casualty Insurers (Diversified)	2	AIG, MFC
Financial	Finance	Life Insurance	3	MET, PRU, PUK

Which industry groups from recent strength show weakness today?

Relative strength drops by 3%
Financial	Finance	Investment Managers	8	AB, APAM, BEN, DHIL, KKR, MARA, MN, VRTS

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.