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Daily stock market update August 13, 2021 - Market made new high streak
How is stock market today?
Market continue to make new closing high streak as S&P 500 and Dow Jones lead the market.
Market show mixed signal this week.
| Index | Aug. 9-13 |
| Nasdaq | -0.09% |
| S&P 500 | 0.71% |
| Dow Jones | 0.87% |
| Russell 2000 | -1.10% |
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 drop back below its 10 days moving average. This is not a good sign.
- NASDAQ - above its 50 days moving average line near 14000; current at 14822
- S&P 500 - above its 50 days moving average line near 4200; current at 4468
- DJIA - above its 50 days moving average line near 34400; current at 35515
- RUSSELL 2000 - below its 50 days moving average line near 2240; current at 2221
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 few industry groups showing accumulation.
| Sector | Industry | Sub-group | # | Stocks |
| Retail | Consumer Non-Durables | Meat/Poultry/Fish | 3 | PPC, SAFM, TSN |
| Retail | Consumer Services | Department/Specialty Retail Stores | 2 | DLTR, FIVE |
| Industrial | Transportation | Railroads | 2 | CSX, KSU |
| Commodities | Basic Industries | Steel/Iron Ore | 2 | NUE, STLD |
| Financial | Finance | Property-Casualty Insurers (Diversified) | 2 | AIG, MFC |
Which industry groups from recent strength show weakness today?
| Relative strength drops by 1% | ||||
| Retail | Consumer Services | Hotels/Resorts (Gaming) | 3 | DKNG, MCRI, SGMS |
| Relative strength drops by 1% | ||||
| Retail | Consumer Services | Newspapers/Magazines | -2 | NWS, NWSA |
| Relative strength drops by 2% | ||||
| Retail | Consumer Durables | Automotive Aftermarket | -2 | DRVN, VRM |
| Relative strength drops by 1% | ||||
| Industrial | Basic Industries | Mining & Quarrying of Nonmetallic Minerals (No Fuels) | 4 | LOMA, MLM, SUM, VMC |
| Relative strength drops by 1% | ||||
| Industrial | Consumer Durables | Containers/Packaging | 3 | ATR, BERY, BLL |
| Relative strength drops by 2% | ||||
| Industrial | Basic Industries | Paper | 4 | CLW, IP, VRTV, WRK |
| Relative strength drops by 1% | ||||
| Industrial | Basic Industries | Environmental Services | -2 | SRCL, TISI |
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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