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Research >> MCBOSS CAPITAL >> Stock market news today >> Market breadth continue to deteriorate today
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Market breadth continue to deteriorate today - September 17, 2021

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How is the stock market today?

Market breadth continue to deteriorate today as some indices close below key moving averages. 

Overall this week, the market is trying to hold key levels. Energy and consumer discretionary stocks are doing better in general, but industrial and material stocks are weak.

Index Sep. 13 - Sep. 17
Nasdaq -0.40%
S&P 500 -0.50%
Dow Jones -0.07%
Russell 2000 0.42%

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. 

Industry Sector Industry Sub-group # Stocks
Comp Sftwr-Spec Enterprs Technology Technology Computer Software: Prepackaged Software (Special) 4 CTXS, HUBS, SPSC, TEAM
Computer Sftwr-Security Technology Technology Computer Software: Prepackaged Software (Security) 2 PANW, QLYS
Apparel-Shoes & Rel Mfg Retail Consumer Non-Durables Shoe Manufacturing 2 CROX, DECK
Auto Manufacturers Retail Capital Goods Auto Manufacturing 2 F, GM
Auto/Truck-Replace Parts Retail Capital Goods Auto Parts:O.E.M. (Parts) 2 DORM, XPEL
Leisure-Services Retail Consumer Services Marine Transportation 3 MTN, SEAS, SNCY
Retail/Whlsle-Auto Parts (defensive) Retail Consumer Services Automotive Aftermarket (Parts) 2 AZO, ORLY
Retail/Whlsle-Automobile (defensive) Retail Consumer Durables Automotive Aftermarket 6 AN, GPI, KMX, LAD, PAG, SAH
Retail-Super/Mini Mkts Retail Consumer Services Food Chains 2 MUSA, TA
Oil&Gas-Intl Expl&Prod Commodities Energy Oil & Gas Production (International) 2 COP, OVV
Oil&Gas-Royalty Trust Commodities Energy Oil & Gas Production (Royalty Trust) 2 SBR, TPL
Oil&Gas-US Expl&Prod Commodities Energy Oil & Gas Production (U.S.) 21 AR, CLR, COG, CPE, CRC, DVN, EOG, FANG, LPI, MGY, MTDR, OAS, PDCE, PHX, PVAC, PXD, RRC, SM, VNOM, WLL, XEC
Banks-Northeast Financial Finance Major Banks (Northeast) 3 SASR, CBNK, MCB
Banks-Super Regional Financial Finance Major Banks (Regional) 3 SIVB, CMA, FITB
Finance-Consumer Loans Financial Finance Finance: Consumer Services 2 RM, UPST
Finance-Savings & Loan Financial Finance Major Banks (Savings) 3 CASH, FBC, PFC

Which industry groups from recent strength show weakness today?

Relative strength drops by 1%
Technology Technology Computer Software: Prepackaged Software (Design) -3 ANSS, PTC, SNPS
Relative strength drops by 1%
Retail Consumer Services Other Specialty Stores (Leisure) 3 ASO, BGFV, DKS
Below 50 days moving average
Industrial Capital Goods Tools/Hardware -2 SNA, TTC
Relative strength drops by 1%
Industrial Industrial Consumer Non-Durables -2 THO, WGO
Relative strength drops by 1%
Industrial Technology Electrical Products 3 FN, KE, SANM
Below 50 days moving average
Industrial Capital Goods Industrial Machinery/Components (Tools) -2 KMT, XYL
Below 50 days moving average
Industrial Public Utilities Water Supply -2 AWK, AWR
Below 50 days moving average
Commodities Energy Oil & Gas Production: Drilling -2 HP, RIG
Relative strength drops by 1%
Financial Consumer Services Other Consumer Services (Specialty) -7 TRU, TW, WU, BR, CME, FIS, ICE
Relative strength drops by 1%
Financial Finance Property-Casualty Insurers (Diversified) -2 AIG, PLMR



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