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US stock market news today - 2021 November
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Is it divided stock market - November 19, 2021
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Is it divided stock market - November 19, 2021
What happen to the market today?
The stock market indices tell a divided market as Nasdaq hit new high but small cap Russell 2000 continue to weaken.
Is it divided stock market?
The market show mixed picture this week as the Nasdaq show strength while Russell 2000 small caps suffer weakness.
| Index | Nov. 15-19 |
| Nasdaq | 1.24% |
| S&P 500 | 0.32% |
| Dow Jones | -1.38% |
| Russell 2000 | -2.84% |
Check out our course How to measure or calculate stock market breadth
What is the current support level?
Nasdaq made new high and S&P 500 is near new high. Both indices continue to hold above its 10 days moving average.
Dow Jones Industrial and Russell 2000 is pulling back and it s now below its 10 and 21 days moving average. It may be heading for its 50 days moving average. That is not a good sign.
- NASDAQ - above its 50 days moving average line near 15100; current at 16057
- S&P 500 - above its 50 days moving average line near 4500; current at 4697
- DJIA - above its 50 days moving average line near 35100; current at 35601
- RUSSELL 2000 - above its 50 days moving average line near 2280; current at 2343
Psychological levels
- Nasdaq is now above 16000.
- S&P 500 is now above 4600.
- Dow Jones Industrial Average is now below 36000.
- Small cap Russell 2000 is now below 2400.
Which industry groups show strength?
There are few industry groups under accumulation.
| Sector | Industry | Sub-group | # | Stocks |
| Technology | Technology | Semiconductors | 6 | AMD, CRUS, NVDA, QCOM, RMBS, XLNX |
| Retail | Capital Goods | Auto Manufacturing | 2 | LCID, RACE |
| Retail | Consumer Services | RETAIL: Building Materials | 4 | FAST, HD, LOW, TITN |
| Retail | Consumer Services | Clothing/Shoe/Accessory Stores | 4 | BOOT, CTRN, LULU, ONON |
| Retail | Consumer Services | Department/Specialty Retail Stores | 2 | DDS, M |
| Retail | Consumer Services | Department/Specialty Retail Stores | 2 | BJ, DLTR |
| Industrial | Miscellaneous | Business Services (Market Research) | 3 | SPGI, TRI, VRSK |
| Industrial | Basic Industries | Environmental Services | 2 | GFL, TTEK |
Which industry groups from recent strength show weakness today?
| Relative strength drops by 2% | ||||
| Technology | Technology | Computer Software: Prepackaged Software (Enterprise) | 4 | CNXC, DOCN, SHOP, ZI |
| Below 50 days moving average | ||||
| Technology | Technology | EDP Services (Medical) | -2 | DOCS, TRHC |
| Relative strength drops by 11% | ||||
| Technology | Technology | Computer Communications Equipment | -2 | ANET, CSCO |
| Relative strength drops by 1% | ||||
| Retail | Capital Goods | Auto Parts:O.E.M. (Equipment) | 2 | MOD, MTOR |
| Below 50 days moving average | ||||
| Retail | Consumer Durables | Specialty Chemicals | -6 | ACB, CGC, CRON, GNLN, OGI, TLRY |
| Below 50 days moving average | ||||
| Retail | Miscellaneous | Business Services | -2 | BKNG, TRVG |
| Relative strength drops by 2% | ||||
| Retail | Consumer Durables | Automotive Aftermarket | -8 | ABG, CARS, CRMT, GPI, LAD, PAG, SAH, VRM |
| Relative strength drops by 1% | ||||
| Industrial | Technology | Diversified Commercial Services | -3 | R, RCII, TGH |
| Below 50 days moving average | ||||
| Industrial | Basic Industries | Metal Fabrications | -3 | PKOH, RYI, ZEUS |
| Relative strength drops by 1% | ||||
| Industrial | Basic Industries | Paper | -3 | NP, PKG, SWM |
| Relative strength drops by 1% | ||||
| Health | Health Care | Major Pharmaceuticals (Generic Drugs) | -2 | LCI, TARO |
| Below 50 days moving average | ||||
| Health | Health Care | Medical/Dental Instruments | 3 | ICUI, QDEL, VIVO |
| Below 50 days moving average | ||||
| Commodities | Energy | Oil & Gas Production: Drilling | -4 | CHX, HP, RIG, VAL |
| Below 50 days moving average | ||||
| Commodities | Energy | Metal Fabrications | -3 | DRQ, FET, FTI |
| Below 50 days moving average | ||||
| Commodities | Energy | Oil & Gas Production (Royalty Trust) | 2 | PBT, SJT |
| Relative strength drops by 9% | ||||
| Financial | Finance | Investment Managers | -5 | ARCC, BLK, MARA, STEP, VRTS |
| Relative strength drops by 1% | ||||
| Financial | Consumer Services | Real Estate Investment Trusts | 11 | AIV, COR, EPR, GEO, HIW, IIPR, NNN, PEB, SKT, STOR, WY |
| Relative strength drops by 5% | ||||
| Financial | Consumer Services | Other Consumer Services (Specialty) | 2 | INFO, TW |
| Relative strength drops by 1% | ||||
| Financial | Finance | Property-Casualty Insurers (Diversified) | -2 | AIG, MFC |
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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