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Research >> MCBOSS CAPITAL >> Stock market news today - 2021 October >> The stock market made new high
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The stock market made new high - October 26, 2021

What happen to the market today?

The stock market made new high before pulling back and close at bottom of range.

What is the current support level?

Nasdaq rise again and still sit comfortably above its 10 days moving average.

S&P 500 and DJIA are sitting near new high and is further above its 10 days moving average.

Dow Jones Industrial climb further above its 50 days moving average.

Russell 2000 pull back but still sits above its 10, 21, 50 and 200 days moving average. This is a good sign

  • NASDAQ - above its 50 days moving average line near 14825; current at 15235
  • S&P 500 - above its 50 days moving average line near 4440; current at 4574
  • DJIA - above its 50 days moving average line near 35000; current at 35756
  • RUSSELL 2000 - above its 50 days moving average line near 2220; current at 2296

Psychological levels

  • Nasdaq is above 15000.
  • S&P 500 is above 4500.
  • Dow Jones Industrial Average is above 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 EDP Services (Medical) 2 AMWL, SLP
Technology Technology Semiconductors 5 AMD, AOSL, AVGO, NVDA, SITM
Retail Capital Goods Auto Manufacturing 2 LCID, TSLA
Retail Consumer Durables Automotive Aftermarket 2 GT, TWI
Retail Consumer Non-Durables Package Goods/Cosmetics 2 EL, ELF
Retail Miscellaneous Business Services (Internet) 3 CHWY, REAL, SSTK
Industrial Miscellaneous Business Services (Market Research) 4 FDS, MCO, MORN, SPGI
Industrial Energy Industrial Machinery/Components 2 DDD, SSYS
Industrial Basic Industries Metal Fabrications 2 RYI, ZEUS
Industrial Transportation Air Freight/Delivery Services 2 AAWW, UPS
Commodities Energy Industrial Machinery/Components 4 AMRC, BLNK, CWEN, PLUG
Commodities Basic Industries Precious Metals 3 HL, PVG, RGLD
Commodities Basic Industries Steel/Iron Ore 3 CLF, NUE, STLD
Financial Finance Investment Managers 11 AB, APAM, ARES, BEN, CG, HLNE, IVZ, KKR, STEP, TPVG, VRTS

Which industry groups from recent strength show weakness today?
Relative strength drops by 3%
Technology Technology Electronic Components 2 SIMO, STX
Relative strength drops by 6%
Retail Consumer Services Marine Transportation 9 CAR, CCL, CUK, MTN, NCLH, RCL, UBER, VAC, WMG
Relative strength drops by 1%
Industrial Public Utilities Power Generation -2 GNE, NWE
Below 50 days moving average
Health Health Care Hospital/Nursing Management -3 CYH, HCA, UHS
Relative strength drops by 2%
Health Health Care Medical/Nursing Services -2 EHC, LHCG

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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