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Research >> MCBOSS CAPITAL >> US stock market news today - 2021 November >> Is it divided stock market - November 19, 2021
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Is it divided stock market - November 19, 2021

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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%



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


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