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Daily stock market update September 1, 2021 - Market continue to power higher
How is stock market today?
Market continue to power higher as Nasdaq lead to new high.
What is the current support level?
Nasdaq hit new high.
S&P 500 is up a little.
Dow Jones drop to near its 10 and 21 days moving average and is near recent high.
Russell 2000 made progress to new recent high after recently rebounding above its 50 days moving average. This is a really good sign.
- NASDAQ - above its 50 days moving average line near 14500; current at 15309
- S&P 500 - above its 50 days moving average line near 4350; current at 4524
- DJIA - above its 50 days moving average line near 34800; current at 35312
- RUSSELL 2000 - below its 50 days moving average line near 2250; current at 2287
Psychological levels
- Nasdaq is now above 15000.
- 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 industry groups under accumulation.
| Sector | Industry | Sub-group | # | Stocks |
| Technology | Technology | Computer Software: Prepackaged Software (Special) | 4 | AI, AVLR, DCT, LSPD |
| Technology | Technology | EDP Services (Tech Services) | 5 | GIB, GLOB, PRFT, TASK, WIT |
| Technology | Public Utilities | Telecommunications Equipment (Wireless) | 2 | IRDM, VG |
| Retail | Consumer Services | Consumer Electronics/Video Chains | 2 | IQ, NFLX |
| Retail | Health Care | Medical/Nursing Services | 2 | CVS, WBA |
| Retail | Miscellaneous | Business Services (Internet) | 6 | AMZN, DASH, GRUB, JMIA, PDD, VIPS |
| Retail | Consumer Services | Other Specialty Stores (Leisure) | 5 | ASO, BBW, BGFV, DKS, PLBY |
| Health | Health Care | Major Pharmaceuticals (Generic Drugs) | 2 | EGRX, RDY |
| Health | Health Care | Medical/Nursing Services | 2 | AMED, LHCG |
| Health | Health Care | Medical Specialities (Services) | 2 | DGX, GH |
| Financial | Consumer Services | Real Estate Investment Trusts | 29 | ACC, AMH, AMT, ARE, AVB, CLDT, CONE, CPT, CUBE, DLR, EDR, ELS, ESS, HIW, LSI, MAA, MGP, MPW, PLD, PSB, REXR, RYN, STAG, STOR, SUI, TRNO, UDR, VICI, VNO |
| Financial | Consumer Services | Other Consumer Services (Specialty) | 3 | ASPS, HRB, TRU |
Which industry groups from recent strength show weakness today?
| Relative strength drops by 7% | ||||
| Technology | Technology | EDP Services | 2 | GDS, SPRT |
| Relative strength drops by 2% | ||||
| Technology | Consumer Services | Television Services | 2 | CABO, LBTYA |
| Relative strength drops by 1% | ||||
| Retail | Consumer Non-Durables | Meat/Poultry/Fish | 3 | PPC, SAFM, TSN |
| Relative strength drops by 1% | ||||
| Industrial | Consumer Durables | Building Products | -4 | AMWD, AWI, FBHS, WMS |
| Relative strength drops by 1% | ||||
| Industrial | Capital Goods | Fluid Controls | 2 | ITT, MNTX |
| Relative strength drops by 1% | ||||
| Industrial | Transportation | Trucking Freight/Courier Services | 2 | PTSI, SAIA |
| Relative strength drops by 1% | ||||
| Health | Health Care | Biotechnology: Electromedical & Electrotherapeutic Apparatus | 2 | HRC, IDXX |
| Relative strength drops by 1% | ||||
| Commodities | Basic Industries | Steel/Iron Ore | -2 | NUE, STLD |
| Relative strength drops by 1% | ||||
| Financial | Miscellaneous | Business Services | 3 | AFRM, FLYW, GDOT |
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.
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