In today’s video, we add two new stocks to the watchlist including Microsoft (MSFT) which is consolidating near its highs, and Penn International Gaming (PENN) after it broken above a key resistance zone to signal a major trend reversal. We then wrap up on gold which will be within the crosshairs of volatility around Jerome Powell’s speech later today.
S&P 500: Market Internals
S&P 500: 4496.19 (0.22%), 25 August 2021- Financials (1.21%) was the strongest sector and Healthcare (-0.255%) was the weakest
- 7 out of the 11 S&P 500 sectors closed higher
- 6 out of the 11 sectors outperformed the S&P 500
- 360 (71.29%) stocks advanced and 140 (27.72%) declined
- 81.98% of stocks closed above their 200-day average
- 69.11% of stocks closed above their 50-day average
- 65.74% of stocks closed above their 20-day average
Outperformers:
- + 8.66% - Penn National Gaming Inc (PENN.OQ)
- + 7.8% - Western Digital Corp (WDC.OQ)
- + 4.29% - Ulta Beauty Inc (ULTA.OQ)
Underperformers:
- -5.31% - Gap Inc (GPS.N)
- -2.67% - Nucor Corp (NUE.N)
- -2.17% - Campbell Soup Co (CPB.N)
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