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Stock market continue to show strength today - September 24, 2021
How is the stock market today?
The stock market continue to show signs of strength on Friday after a big drop earlier in the week.
Overall this week, the market did better than anyone could imagine earlier in the week. So that is a plus side.
| Index | Sep. 19-24 |
| Nasdaq | 0.02% |
| S&P 500 | 0.51% |
| Dow Jones | 0.62% |
| Russell 2000 | 0.50% |
What is the current support level?
Nasdaq slide a little and sits comfortably above its 50 days moving average.
S&P 500 rise a little to stay above its 50 days moving average.
Dow Jones rose slightly and is getting near its 50 days moving average.
Russell 2000 slide a little but still sits comfortably above its 50 days moving average.
- NASDAQ - above its 50 days moving average line near 14825; current at 15047
- S&P 500 - above its 50 days moving average line near 4440; current at 4455
- DJIA - above its 50 days moving average line near 35000; current at 34798
- RUSSELL 2000 - below its 50 days moving average line near 2220; current at 2248
Psychological levels
- Nasdaq is now above 15000.
- S&P 500 is below 4500.
- Dow Jones Industrial Average is below 35000.
- Small cap Russell 2000 is now above 2200.
Which industry groups show strength?
There are more industry groups under accumulation particularly in the retail, commodities and financial stock.
| Sector | Industry | Sub-group | # | Stocks |
| Retail | Capital Goods | Auto Manufacturing | 2 | F, TTM |
| Retail | Capital Goods | Auto Parts:O.E.M. (Equipment) | 5 | BWA, DAN, GNTX, QS, THRM |
| Retail | Consumer Services | Hotels/Resorts (Gaming) | 3 | IGT, MGM, RRR |
| Retail | Consumer Services | Hotels/Resorts (Lodging) | 2 | H, MAR |
| Retail | Consumer Services | Marine Transportation | 9 | CAR, CCL, CUK, MTN, NCLH, RCL, UBER, VAC, WMG |
| Retail | Miscellaneous | Business Services | 4 | BKNG, EXPE, SABR, TRVG |
| Retail | Consumer Services | Television Services | 2 | FOXA, MDP |
| Retail | Consumer Services | Newspapers/Magazines | 2 | NWS, NWSA |
| Retail | Consumer Services | Television Services | 4 | GTN, NXST, SBGI, TGNA |
| Retail | Consumer Services | Automotive Aftermarket (Parts) | 3 | AZO, MNRO, ORLY |
| Retail | Consumer Durables | Automotive Aftermarket | 8 | ABG, AN, CARS, GPI, KMX, PAG, RUSHA, SAH |
| Retail | Consumer Services | Restaurants | 9 | BJRI, CAKE, CBRL, CHUY, CMG, DRI, MCD, PLAY, SHAK |
| Retail | Transportation | Air Freight/Delivery Services | 10 | AAL, ALGT, ALK, AZUL, CPA, DAL, JBLU, LUV, SNCY, UAL |
| Industrial | Technology | Diversified Commercial Services | 4 | HEES, HRI, TGH, URI |
| Commodities | Basic Industries | Agricultural Chemicals | 3 | CF, MOS, UAN |
| Commodities | Energy | Oil & Gas Production: Drilling | 2 | PTEN, VAL |
| Commodities | Energy | Integrated oil Companies | 5 | BP, CVX, MRO, RDS.A, XOM |
| Commodities | Energy | Oil & Gas Production (International) | 4 | APA, COP, HES, OXY |
| Commodities | Energy | Integrated oil Companies | 2 | MPC, PBF |
| Commodities | Energy | Oil & Gas Production (U.S.) | 11 | COG, CPE, DEN, DVN, FANG, GPOR, MTDR, PDCE, PXD, WLL, XEC |
| Financial | Finance | Major Banks | 4 | BAC, C, JPM, TD |
| Financial | Finance | Major Banks (Northeast) | 3 | CFG, EBSB, MCB |
| Financial | Finance | Major Banks (Regional) | 6 | CMA, FITB, KEY, RF, SIVB, USB |
| Financial | Finance | Major Banks (West) | 9 | ABTX, BANR, COLB, CVBF, EWBC, FHB, GBCI, VBTX, WAFD |
| Financial | Finance | Finance: Consumer Services | 3 | COF, SOFI, UPST |
| Financial | Miscellaneous | Business Services | 4 | AFRM, AXP, DFS, DLO |
| Financial | Finance | Life Insurance | 2 | GNW, PRI |
Which industry groups from recent strength show weakness today?
| Relative strength drops by 1% | ||||
| Technology | Technology | Computer Software: Prepackaged Software (Security) | 2 | PANW, QLYS |
| Below 50 days moving average | ||||
| Retail | Consumer Non-Durables | Shoe Manufacturing | -3 | DECK, NKE, SKX |
| Relative strength drops by 1% | ||||
| Retail | Miscellaneous | Business Services (Internet) | 3 | DASH, REAL, SSTK |
| Relative strength drops by 1% | ||||
| Health | Health Care | Medical Specialities (Services) | -2 | NEO, NVTA |
| Relative strength drops by 1% | ||||
| Health | Health Care | Medical Specialities (Supplies) | 2 | PDCO, WST |
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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