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Daily stock market update August 27, 2021 - Market rebound strong

August 29, 2021
MCBOSS CAPITAL
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market update

How is stock market today?

Market rebound strong on Friday after Thursday's retreat and close at new high.

Overall this week, the market turn in another gain.

Index	Aug. 23-27
Nasdaq	2.82%
S&P 500	1.52%
Dow Jones	0.96%
Russell 2000	5.05%

What is the current support level?

Nasdaq hit new high.

S&P 500 also hit new high closing at 4509.

Dow Jones rebound from its 10 and 21 days moving average and is near new high.

Russell 2000 rebound above its 50 days moving average. This is a really good sign.

NASDAQ - above its 50 days moving average line near 14500; current at 15129
S&P 500 - above its 50 days moving average line near 4350; current at 4509
DJIA - above its 50 days moving average line near 34800; current at 35479
RUSSELL 2000 - below its 50 days moving average line near 2250; current at 2277

Psychological levels

Nasdaq is now above15000.
S&P 500 is now above 4500.
Dow Jones Industrial Average is above 35000.
Small cap Russell 2000 is above 2200.

Which industry groups show strength?

There are some accumulation from industry groups.

Sector	Industry	Sub-group	#	Stocks
Technology	Technology	Computer Software: Prepackaged Software (Financial)	2	INTU, QTWO
Technology	Technology	Computer Software: Prepackaged Software (Security)	9	CRWD, CYBR, MIME, OKTA, PANW, PING, SAIL, ZIXI, ZS
Technology	Technology	Semiconductors	4	LSCC, MXL, NVDA, RMBS
Technology	Technology	Semiconductors (Manufacturing)	7	DIOD, MCHP, PI, POWI, STM, TSM, UMC

Retail	Consumer Services	Hotels/Resorts (Gaming)	10	CZR, DKNG, IGT, LVS, MCRI, MGM, PENN, RRR, SGMS, WYNN
Retail	Consumer Services	Consumer Electronics/Video Chains	4	AMC, CNK, DLPN, IMAX
Retail	Consumer Non-Durables	Consumer Specialties	2	MOV, SIG
Retail	Consumer Services	Consumer Electronics/Video Chains	2	BBY, GME
Retail	Consumer Services	Other Specialty Stores (Leisure)	4	ASO, BBW, BGFV, DKS

Industrial	Capital Goods	Electrical Products	2	KEYS, NOVT
Industrial	Capital Goods	Fluid Controls	2	ITT, MNTX

Health	Health Care	Major Pharmaceuticals	11	APLS, ARGX, ATRA, CHRS, DCPH, EXAS, HALO, NKTR, QURE, SRPT, TGTX
Health	Health Care	Medical Specialities (Services)	3	GH, NEO, PMD

Which industry groups from recent strength show weakness today?

None

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.