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Daily stock market update August 12, 2021 - Market made another closing high

August 13, 2021
MCBOSS CAPITAL
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market update

How is stock market today?

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

What is the current support level?

Nasdaq rebound from its 10 days moving average.

S&P 500 and Dow Jones made another 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 14816
S&P 500 - above its 50 days moving average line near 4200; current at 4460
DJIA - above its 50 days moving average line near 34400; current at 35499
RUSSELL 2000 - below its 50 days moving average line near 2240; current at 2244

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	Consumer Services	Television Services	2	CABO, LBTYA

Retail	Consumer Non-Durables	Meat/Poultry/Fish	3	PPC, SAFM, TSN
Retail	Consumer Durables	Automotive Aftermarket	2	CARS, CVNA

Industrial	Consumer Durables	Building Products	3	ATKR, AZEK, SIC
Industrial	Technology	Diversified Commercial Services	2	AER, TGH
Industrial	Consumer Services	Other Consumer Services	2	CSV, SCI
Industrial	Energy	Industrial Machinery/Components	4	DDD, SSYS, VJET, XONE

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

Financial	Finance	Finance: Consumer Services	2	COF, UPST
Financial	Finance	Property-Casualty Insurers (Diversified)	3	AIG, HIG, MFC

Which industry groups from recent strength show weakness today?

Relative strength drops by 1%
Retail	Transportation	Air Freight/Delivery Services	-2	AAL, SAVE

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.