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US stock market news today - 2021 November
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Stock market indices looking for near term support - November 12, 2021
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Stock market indices looking for near term support - November 12, 2021
What happen to the market today?
The stock market indices are looking for near term support at its 10 days moving average.
Overall this week, the market suffer some losses. This is something to watch for the whether this is just a small blip in the market uptrend or this is a turn towards the downtrend.
| Index | Nov. 8-12 |
| Nasdaq | -0.69% |
| S&P 500 | -0.31% |
| Dow Jones | -0.63% |
| Russell 2000 | -1.04% |
Check out our course How to measure or calculate stock market breadth
What is the current support level?
Nasdaq and S&P 500 continue rebound from its 10 days moving average. It will be good sign if the indices can hold above this level.
Dow Jones Industrial also rebound slightly above its 10 days moving average.
Russell 2000 remain above its 10 days moving average after testing support at this level. That is a good sign.
- NASDAQ - above its 50 days moving average line near 15100; current at 15860
- S&P 500 - above its 50 days moving average line near 4500; current at 4682
- DJIA - above its 50 days moving average line near 35100; current at 36100
- RUSSELL 2000 - above its 50 days moving average line near 2280; current at 2411
Psychological levels
- Nasdaq is above 15000.
- S&P 500 is now above 4600.
- Dow Jones Industrial Average is now above 36000.
- Small cap Russell 2000 is now above 2400.
Which industry groups show strength?
There are some industry groups under accumulation.
| Sector | Industry | Sub-group | # | Stocks |
| Technology | Technology | Computer Software: Prepackaged Software (Database) | 2 | ESTC, NEWR |
| Technology | Technology | Computer Software: Prepackaged Software (Design) | 2 | PDFS, U |
| Technology | Technology | Computer Software: Prepackaged Software (Enterprise) | 11 | AVYA, BZUN, DDOG, ECOM, KERN, MIXT, RNG, SHOP, SNCR, WDAY, WIX |
| Technology | Technology | Computer Software: Prepackaged Software (Security) | 5 | MIME, NICE, SAIL, VRSN, ZS |
| Technology | Technology | Electronic Components | 4 | MU, SGH, STX, WDC |
| Technology | Technology | Semiconductors | 5 | AMD, AOSL, NVDA, QCOM, XLNX |
| Retail | Capital Goods | Auto Parts:O.E.M. (Equipment) | 4 | LEA, MGA, QS, THRM |
| Retail | Consumer Durables | Specialty Chemicals | 7 | ACB, CGC, CRON, GNLN, OGI, TLRY, VUZI |
| Retail | Consumer Non-Durables | Package Goods/Cosmetics | 6 | HELE, HNST, IFF, LFVN, NUS, REV |
| Retail | Miscellaneous | Business Services (Internet) | 5 | DASH, FVRR, GRPN, JD, REAL |
| Retail | Consumer Services | Other Specialty Stores (Leisure) | 4 | BBW, BGFV, POOL, WINA |
| Industrial | Consumer Durables | Building Products | 5 | AZEK, SWIM, TGLS, TREX, WMS |
| Industrial | Technology | Advertising | 3 | PUBM, TTD, TTGT |
| Industrial | Capital Goods | Wholesale Distributors | 2 | BLBD, WAB |
| Commodities | Energy | Industrial Machinery/Components | 8 | AY, BLDP, BLNK, CHPT, FCEL, IEA, ORA, PLUG |
| Commodities | Basic Industries | Precious Metals | 12 | AEM, AGI, AU, BVN, GOLD, HL, KGC, KL, MUX, PAAS, PVG, WPM |
Which industry groups from recent strength show weakness today?
| Relative strength drops by 1% | ||||
| Technology | Technology | Computer Software: Prepackaged Software (Special) | -3 | APPF, AVLR, JAMF |
| Relative strength drops by 2% | ||||
| Technology | Technology | EDP Services (Tech Services) | -2 | IBM, UIS |
| Relative strength drops by 5% | ||||
| Technology | Technology | Radio And Television Broadcasting And Communications Equipment | 3 | BDC, CMTL, SATS |
| Relative strength drops by 10% | ||||
| Technology | Technology | Radio And Television Broadcasting And Communications Equipment | -2 | CLRO, VSAT |
| Relative strength drops by 1% | ||||
| Retail | Capital Goods | Auto Manufacturing | 6 | F, KNDI, LCID, NIO, RACE, TSLA |
| Relative strength drops by 1% | ||||
| Retail | Consumer Services | Marine Transportation | -4 | CUK, PTON, RCL, SEAS |
| Relative strength drops by 2% | ||||
| Retail | Consumer Services | Television Services | -3 | DIS, TV, WWE |
| Relative strength drops by 5% | ||||
| Retail | Consumer Services | Television Services | -2 | GTN, SBGI |
| Relative strength drops by 2% | ||||
| Retail | Consumer Services | Other Specialty Stores | 2 | RBA, SBH |
| Relative strength drops by 4% | ||||
| Industrial | Capital Goods | Engineering & Construction | 7 | ACM, FLR, GVA, MTZ, ROAD, STRL, TPC |
| Relative strength drops by 8% | ||||
| Industrial | Miscellaneous | Business Services (Outsourcing) | -2 | CNDT, TTEC |
| Relative strength drops by 11% | ||||
| Industrial | Capital Goods | Electrical Products | -2 | ITRI, NOVT |
| Relative strength drops by 10% | ||||
| Health | Health Care | Major Pharmaceuticals | 31 | ANAB, ARGX, ARVN, ARWR, ATRA, BIIB, BPMC, CARA, CDXS, CHRS, CNCE, CORT, CYTK, ENTA, EPZM, ESPR, EXAS, HALO, HRTX, ICPT, INCY, INVA, LJPC, RCKT, RETA, SGMO, SRPT, SUPN, TGTX, UTHR, VRTX |
| Relative strength drops by 4% | ||||
| Health | Health Care | Medical/Nursing Services | -3 | EHC, FMS, TDOC |
| Relative strength drops by 10% | ||||
| Health | Health Care | Biotechnology: Electromedical & Electrotherapeutic Apparatus | -2 | HAE, NVRO |
| Below 50 days moving average | ||||
| Commodities | Energy | Coal Mining | -2 | ARCH, METC |
| Relative strength drops by 10% | ||||
| Financial | Finance | Major Banks (West) | 7 | ABTX, CADE, CFR, CVBF, FFWM, HMST, SI |
| Relative strength drops by 1% | ||||
| Financial | Finance | Finance: Consumer Services | 5 | ATLC, CACC, ENVA, SOFI, WRLD |
| Relative strength drops by 10% | ||||
| Financial | Finance | Real Estate | 6 | ASR, FOR, JLL, KW, MMI, NMRK |
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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