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Research >> MCBOSS CAPITAL >> Stock market news today 2022 >> The stock market rise for the second consecutive week - March 25, 2022
Related: The stock market started the year with a selloff - January 7, 2022 The stock market continue with the inflation tolerant stocks - January 15, 2022 The stock market was decimated into correction territory - January 21, 2022 The stock market close the week off on a positive note - January 28, 2022 The stock market show recovery for the second consecutive week - February 4, 2022 The stock market gave back previous week's gains - February 11, 2022 The stock market conditions seem to be deteriorating - February 18, 2022 The stock market is trying to rebound after Russia invades Ukraine - February 25, 2022 The stock market may be looking to test the bottom soon - March 4, 2022 The stock market made a closing low this week - March 11, 2022 The stock market closed strong this week despite first rate hike - March 18, 2022 The stock market took a breather this week - April 1, 2022 The stock market conditions deteriorated this week - April 8, 2022 The stock market conditions continue to deteriorate this week - April 15, 2022 Was the recent rally since March 14 bottom a bear market rally? - April 22, 2022 Nasdaq and Russell 2000 confirmed bear market rally - April 29, 2022 Is stock market showing signs of bottoming? - May 6, 2022 Stock market attempt rally after new lows - May 13, 2022 Stock market decimated rally and S&P 500 made new intraday bear market - May 20, 2022 Stock market is on the verge of relief rally - May 27, 2022 The market rally took a pause this week - June 3, 2022 Is this another bear market rally? - June 10, 2022 Bear market continues as stock market indices made new low - June 17, 2022 The stock market show signs of improvements - June 24, 2022 This has been a disappointing week for the stock market - July 1, 2022
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The stock market rise for the second consecutive week - March 25, 2022

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What happen to the market this week?

The stock market rise for the second consecutive week. The major indices made more progress after potentially marking a bottom on March 14, 2022.

Index Mar. 21-25
Nasdaq 1.98%
S&P 500 1.79%
Dow Jones 0.31%
Russell 2000 -0.39%

There is something impressive on this uptrend move. Nasdaq was able to make new high intraday for every day since the bottom.

What is the current support level?

Nasdaq made an impressive bounce and is now above its 50 days moving average. This may be very bullish signal.

S&P 500 not only rise above its 50 days moving average but also sits comfortably above its 200 days moving average.

DJIA is currently above its 50 days moving average and also successfully tested its 10 days moving average.

After crossing back above 50 days moving average, Russell 2000 is currently test its 10 days moving average as well.

  • NASDAQ - above its 50 days moving average line near 13800; current at 14169
  • S&P 500 - above its 50 days moving average line near 4420; current at 4543
  • DJIA - above its 50 days moving average line near 34400; current at 34861
  • RUSSELL 2000 - above its 50 days moving average line near 2025; current at 2077

Psychological levels

  • Nasdaq is now above14000.
  • S&P 500 is now above 4500.
  • Dow Jones Industrial Average is above 34000.
  • Small cap Russell 2000 is above 2000.

Stock market breadth - Accumulation vs Distribution for this week:

#industry groups 32 vs 21
#stocks 162 vs 101

The stock market didn't showing a high level of accumulation or distribution, but that is not a bad thing since it is digesting previous week's gains.

Which industry groups show strength?

There are some accumulation, but is definitely not as much as in the previous week.

Sector Industry Sub-group # Stocks
Technology Technology Computer Software: Prepackaged Software (Database) 2 BOX, WK
Technology Technology Computer Software: Prepackaged Software (Design) 1 BSY
Technology Technology Computer Software: Prepackaged Software (Education/Media) 2 DUOL, RNWK
Technology Technology Computer Software: Prepackaged Software (Enterprise) 11 AZPN, BB, BZUN, DOCU, EGHT, HCP, PLAN, SMAR, SUMO, TRMR, YMM
Technology Technology Computer Software: Prepackaged Software (Security) 3 PANW, PING, SAIL
Technology Technology Electronic Components 1 PSTG
Technology Technology Computer Manufacturing 1 HPQ
Technology Technology EDP Services (Tech Services) 1 HCKT
Technology Technology Semiconductors 3 AOSL, NVDA, RMBS
Technology Technology Semiconductors (Equip) 1 COHR
Technology Technology Semiconductors (Manufacturing) 1 GFS
Technology Technology Computer Software: Programming, Data Processing (Content) 1 SFUN
Technology Technology EDP Services 1 SWCH
Technology Consumer Services Television Services 1 SJR
Technology Public Utilities Telecommunications Equipment (Foreign) 1 TEO
Technology Public Utilities Telecommunications Equipment (Wireless) 1 USM
Technology Technology Radio And Television Broadcasting And Communications Equipment 1 GOGO
Retail Consumer Services Clothing/Shoe/Accessory Stores 2 LLL, OXM
Retail Consumer Non-Durables Shoe Manufacturing 1 NKE
Retail Capital Goods Auto Manufacturing 2 NKLA, TSLA
Retail Consumer Non-Durables Beverages Non-Alcoholic (Production/Distribution) 1 NBEV
Retail Consumer Non-Durables Consumer Electronics/Appliances 1 HEAR
Retail Consumer Durables Specialty Chemicals 6 ACB, CGC, CRON, GNLN, OGI, TLRY
Retail Consumer Non-Durables Package Goods/Cosmetics 1 EWCZ
Retail Consumer Non-Durables Packaged Foods 2 ADM, ANDE
Retail Consumer Non-Durables Packaged Foods 1 GIS
Retail Consumer Non-Durables Plastic Products 1 IRBT
Retail Consumer Services Hotels/Resorts (Gaming) 1 RRR
Retail Consumer Services Consumer Electronics/Video Chains 4 AMC, AVID, DLPN, IQ
Retail Consumer Non-Durables Recreational Products/Toys, Motor Vehicles 1 DOOO
Retail Miscellaneous Business Services 1 VCSA
Retail Consumer Non-Durables Consumer Specialties 1 MOV
Retail Consumer Services Clothing/Shoe/Accessory Stores 1 GES
Retail Consumer Services Consumer Electronics/Video Chains 1 GME
Retail Miscellaneous Business Services (Internet) 1 VIPS
Retail Basic Industries Package Goods/Cosmetics 1 ECL
Industrial Capital Goods Military/Government/Technical 4 ATRO, CW, JOBY, TDY
Industrial Consumer Durables Building Products 1 TGLS
Industrial Industrial Consumer Non-Durables 1 REVG
Industrial Basic Industries Major Chemicals: Plastics 1 TSE
Industrial Basic Industries Major Chemicals: Others 3 ASPN, FF, UNVR
Industrial Technology Diversified Commercial Services 1 TRTN
Industrial Miscellaneous Business Services (Outsourcing) 3 CTAS, HQY, TNET
Industrial Basic Industries Aluminum 2 CMC, SCHN
Industrial Consumer Services Office Equipment/Supplies/Services 1 AVY
Industrial Basic Industries Paper 1 VRTV
Industrial Transportation Air Freight/Delivery Services 1 ATSG
Industrial Consumer Services Marine Transportation 2 CPLP, DSX
Industrial Public Utilities Power Generation 1 AEE
Industrial Basic Industries Electric Utilities: Central 2 EIX, IDA
Health Health Care Major Pharmaceuticals 5 HRMY, LPCN, SPPI, TSVT, VYGR
Health Health Care Major Pharmaceuticals (Generic Drugs) 1 RDY
Health Health Care Medical/Nursing Services 1 LHCG
Health Health Care Medical Specialities (Services) 4 IRTC, OTRK, PROG, TVTY
Health Health Care Biotechnology: Electromedical & Electrotherapeutic Apparatus 2 CUTR, FONR
Health Health Care Other Pharmaceuticals 1 MCK
Commodities Consumer Services Farming/Seeds/Milling 2 CTVA, DAR
Commodities Basic Industries Agricultural Chemicals 6 AVD, FMC, IPI, LXU, MOS, UAN
Commodities Energy Industrial Machinery/Components 1 AMRC
Commodities Capital Goods Industrial Machinery/Components 1 AGCO
Commodities Basic Industries Precious Metals 3 LAC, MP, PLL
Commodities Energy Oil & Gas Production (Canada) 1 ERF
Commodities Energy Oil & Gas Production: Drilling 1 VAL
Commodities Energy Oilfield Services/Equipment 1 RES
Commodities Energy Integrated oil Companies 1 EQT
Commodities Energy Metal Fabrications 1 BKR
Commodities Energy Integrated oil Companies 2 GLP, UGP
Commodities Energy Oil & Gas Production (Royalty Trust) 1 SJT
Commodities Energy Natural Gas Distribution 5 FLNG, GLNG, NVGS, SMLP, STNG
Commodities Energy Oil & Gas Production (U.S.) 12 CHK, CIVI, CRC, CRK, CTRA, DEN, GPOR, LPI, MNRL, SBOW, SD, SWN
Commodities Basic Industries Steel/Iron Ore 2 CLF, GGB
Financial Finance Commercial Banks 2 BAP, GGAL
Financial Finance Major Banks (West) 1 ABTX
Financial Finance Finance: Consumer Services 1 MOGO
Financial Miscellaneous Business Services 2 PAGS, WEX
Financial Consumer Services Real Estate Investment Trusts 1 BXMT
Financial Consumer Services Real Estate Investment Trusts 1 NMIH
Financial Consumer Services Real Estate Investment Trusts 3 ADC, CRESY, LSI
Financial Finance Major Banks (Savings) 1 BKU
Financial Consumer Services Other Consumer Services (Specialty) 3 AMRK, ASPS, PFMT
Financial Finance Property-Casualty Insurers (Diversified) 2 JXN, PFG
Financial Finance Property-Casualty Insurers 3 ACGL, MKL, Y
Financial Finance Real Estate 1 JOE

Which industry groups show weakness this week?

Technology Technology Computer Software: Prepackaged Software (Desktop) -1 ADBE
Technology Technology EDP Services (Medical) -1 AMWL
Technology Technology Radio And Television Broadcasting And Communications Equipment -1 RFIL
Retail Capital Goods Auto Parts:O.E.M. (Equipment) -1 HLLY
Retail Capital Goods Auto Parts:O.E.M. (Parts) -1 DORM
Retail Consumer Services Other Consumer Services -1 RYB
Retail Capital Goods Industrial Machinery/Components -1 ST
Retail Consumer Services Catalog/Specialty Distribution -1 DOLE
Retail Consumer Durables Office Equipment/Supplies/Services -2 BSET, SCS
Retail Consumer Services Marine Transportation -2 DIDI, FXLV
Retail Consumer Non-Durables Recreational Products/Toys -1 HAS
Retail Consumer Services RETAIL: Building Materials -4 BXC, GMS, LOW, TITN
Retail Consumer Services Other Specialty Stores -2 KIRK, WSM
Retail Consumer Services Other Specialty Stores (Leisure) -1 PLBY
Retail Consumer Services Restaurants -2 FRGI, GTIM
Retail Consumer Services Food Chains -1 ACI
Industrial Consumer Durables Consumer Electronics/Appliances -1 FIX
Industrial Capital Goods Tools/Hardware -5 BLD, FBHS, GFF, MAS, TREX
Industrial Finance Diversified Commercial Services -1 IBP
Industrial Basic Industries Forest Products -1 WFG
Industrial Basic Industries Major Chemicals -1 HUN
Industrial Basic Industries Major Chemicals: Others -1 WDFC
Industrial Technology Industrial Machinery/Components -1 CHE
Industrial Consumer Durables Metal Fabrications -1 VLTA
Industrial Miscellaneous Industrial Machinery/Components -1 VICR
Industrial Consumer Services Other Consumer Services -1 HI
Industrial Transportation Trucking Freight/Courier Services -1 WERN
Health Health Care Major Pharmaceuticals (Diversified) -2 ANAB, RGC
Health Health Care Major Pharmaceuticals (Ethical Drugs) -1 GRFS
Health Health Care Hospital/Nursing Management -1 EGRX
Health Health Care Medical/Dental Instruments -5 BAX, IART, ICUI, NEOG, RMD
Health Health Care Biotechnology: Commercial Physical & Biological Research -2 AVTR, DNAY
Commodities Energy Coal Mining -1 METC
Financial Finance Major Banks (Southeast) -2 FCNCA, LOB
Financial Capital Goods Homebuilding -9 CCS, DFH, DHI, GRBK, HOV, KBH, LEN, LGIH, TOL
Financial Finance Investment Bankers/Brokers/Service -1 HLI
Financial Finance Accident &Health Insurance -1 QFIN
Financial Finance Real Estate -1 RDFN


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