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Daily stock market update August 24, 2021 - Market made new milestone

August 25, 2021
MCBOSS CAPITAL
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market update

How is stock market today?

Market made new milestone as Nasdaq surpass 15,000 for the first time.

What is the current support level?

Nasdaq and S&P 500 made new closing high.

Dow Jones rebound above its 10 days moving average.

Russell 2000 recover above its 10, 21 and 200 days moving average. it is getting near its 50 days moving average.

NASDAQ - above its 50 days moving average line near 14500; current at 15019
S&P 500 - above its 50 days moving average line near 4350; current at 4486
DJIA - above its 50 days moving average line near 34800; current at 35366
RUSSELL 2000 - below its 50 days moving average line near 2250; current at 2230

Psychological levels

Nasdaq is above 14000.
S&P 500 is above 4400.
Dow Jones Industrial Average is now above 35000.
Small cap Russell 2000 is below 2200.

Which industry groups show strength?

There are more accumulation from industry groups.

Sector	Industry	Sub-group	#	Stocks
Technology	Technology	Computer Software: Prepackaged Software (Financial)	2	INTU, SSNC
Technology	Technology	Computer Software: Prepackaged Software (Security)	11	CHKP, CRWD, CYBR, MIME, NLOK, OKTA, PANW, PING, QLYS, ZIXI, ZS
Technology	Technology	Semiconductors	3	MRVL, NVDA, XLNX
Technology	Technology	Semiconductors (Manufacturing)	4	INTC, POWI, TSEM, UMC

Retail	Consumer Services	Clothing/Shoe/Accessory Stores	2	GIL, GOOS
Retail	Consumer Services	Hotels/Resorts (Gaming)	5	DKNG, IGT, LVS, MGM, WYNN
Retail	Consumer Services	Marine Transportation	3	CUK, PTON, RCL
Retail	Miscellaneous	Business Services	3	ABNB, BKNG, TCOM
Retail	Consumer Services	Consumer Electronics/Video Chains	2	BBY, GME
Retail	Consumer Services	Department/Specialty Retail Stores	3	JWN, KSS, M

Health	Health Care	Medical Specialities (Services)	3	GH, NEO, PMD

Financial	Finance	Investment Bankers/Brokers/Service	3	FUTU, JEF, OPY

Which industry groups from recent strength show weakness today?

Relative strength drops by 1%
Financial	Consumer Services	Other Consumer Services (Specialty)	6	DFIN, ECPG, INFO, NAVI, PRAA, VIRT

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.