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Daily stock market update September 3, 2021 - Market made a new closing high

September 06, 2021
MCBOSS CAPITAL
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market update

How is stock market today?

Market made a new closing high as Nasdaq lead the way.

Overall, the market were mostly able to make progress this week.

Index	Aug. 30 - Sep. 3
Nasdaq	1.55%
S&P 500	0.58%
Dow Jones	-0.24%
Russell 2000	0.65%

What is the current support level?

Nasdaq hit new closing high.

S&P 500 drop slightly but is near recent high.

Dow Jones drop to near its 10 and 21 days moving average and is near recent high.

Russell 2000 drop slightly after making a new recent high.

NASDAQ - above its 50 days moving average line near 14500; current at 15363
S&P 500 - above its 50 days moving average line near 4350; current at 4535
DJIA - above its 50 days moving average line near 34800; current at 35369
RUSSELL 2000 - below its 50 days moving average line near 2250; current at 2286

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)	3	AVLR, BL, LSPD
Technology	Technology	Computer Software: Prepackaged Software (Database)	4	ESTC, MDB, VRNS, WK
Technology	Technology	Computer Software: Prepackaged Software (Financial)	2	ACIW, GWRE
Technology	Technology	Computer Software: Prepackaged Software (Security)	4	FTNT, KNBE, OKTA, ZS
Technology	Technology	Computer Manufacturing	3	CRSR, HPQ, SMCI
Technology	Technology	EDP Services (Tech Services)	5	GIB, GLOB, HCKT, PRFT, TASK
Technology	Public Utilities	Telecommunications Equipment (Wireless)	2	IRDM, VG

Retail	Miscellaneous	Business Services (Internet)	6	AMZN, DASH, GRUB, JMIA, PDD, VIPS
Retail	Consumer Services	Other Specialty Stores (Leisure)	3	ASO, BGFV, DKS
Retail	Consumer Services	Food Chains	2	KR, TA
Retail	Consumer Non-Durables	Farming/Seeds/Milling	3	MO, PM, VGR

Health	Health Care	Major Pharmaceuticals (Generic Drugs)	2	EGRX, RDY
Health	Health Care	Medical Specialities (Services)	4	GH, NEO, OTRK, PMD

Commodities	Energy	Oil & Gas Production (U.S.)	10	AR, CHK, COG, CRC, DEN, MGY, RRC, SWN, WLL, XEC

Financial	Finance	Real Estate	4	CBRE, FSV, KW, RLGY

Which industry groups from recent strength show weakness today?

Relative strength drops by 7%
Retail	Consumer Services	Consumer Electronics/Video Chains	-2	RDI, ROKU

Relative strength drops by 1%
Industrial	Capital Goods	Electrical Products	2	KEYS, NOVT

Relative strength drops by 10%
Health	Health Care	Medical/Nursing Services	2	AMED, RDNT

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.