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Market breadth today - September 16, 2021
How is the stock market today?
The stock market is trying to recover from recent losses. However market breadth is narrowing as less stocks are being accumulated.
What is the current support level?
Nasdaq is near its10 days moving average. Watch for support at this level.
S&P 500 is slightly below its 10 days moving average. Watch for support at this level.
Dow Jones is currently below its 10, 21 and 50 days moving average. This is not a good sign as it stays longer below these key moving averages.
Russell 2000 is currently near its 10, 21 and 50 days moving average as these key moving averages converge.
- NASDAQ - above its 50 days moving average line near 14825; current at 15181
- S&P 500 - above its 50 days moving average line near 4425; current at 4473
- DJIA - above its 50 days moving average line near 35040; current at 34751
- RUSSELL 2000 - below its 50 days moving average line near 2230; current at 2232
Psychological levels
- Nasdaq is above 15000.
- S&P 500 is below 4500.
- Dow Jones Industrial Average is below 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 | CTXS, DCT, SPSC |
| Technology | Technology | Computer Software: Prepackaged Software (Security) | 3 | IRNT, PANW, TUFN |
| Technology | Technology | Semiconductors (Manufacturing) | 6 | ADI, AMKR, INTC, MX, STM, TSEM |
| Retail | Consumer Non-Durables | Shoe Manufacturing | 2 | CROX, DECK |
| Retail | Consumer Services | Automotive Aftermarket (Parts) | 3 | AZO, CPRT, GPC |
| Retail | Miscellaneous | Business Services (Internet) | 3 | DASH, REAL, SSTK |
| Industrial | Technology | Electrical Products | 3 | FN, KE, SANM |
| Commodities | Energy | Oil & Gas Production (Canada) | 2 | CNQ, ERF |
| Commodities | Energy | Integrated oil Companies | 3 | AM, MRO, PTR |
| Commodities | Energy | Oil & Gas Production (International) | 4 | COP, HES, OVV, OXY |
| Commodities | Energy | Natural Gas Distribution | 5 | DCP, OKE, PAGP, SMLP, WES |
| Commodities | Energy | Oil & Gas Production (U.S.) | 17 | AR, CLR, COG, CPE, CRC, DVN, EOG, FANG, LPI, MTDR, OAS, PHX, PXD, RRC, SM, WLL, XEC |
| Financial | Finance | Major Banks (Regional) | 4 | CMA, FITB, KEY, SIVB |
| Financial | Finance | Finance: Consumer Services | 3 | COF, IX, RM |
Which industry groups from recent strength show weakness today?
| Below 50 days moving average | ||||
| Industrial | Basic Industries | Electric Utilities: Central | -2 | AEP, PNW |
| Below 50 days moving average | ||||
| Financial | Finance | Real Estate | -5 | EIG, HRTG, SIGI, UIHC, Y |
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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