[Video] Platinum and Palladium Outperform Fellow Precious Metals

commodities trading
Matt Simpson financial analyst
By :  ,  Market Analyst

In today’s video we update out analysis on platinum and palladium futures following their strong rallies of last week. We also look at spot silver prices as we suspect they may attempt to break lower.

 

S&P 500: Market Internals

20211009spxsectors

S&P 500: 4391.34 (-0.19%), 08 October 2021

  • Energy (3.1%) was the strongest sector and Real Estate (-1.12%) was the weakest
  • 2 out of the 11 S&P 500 sectors closed higher
  • 4 out of the 11 sectors outperformed the S&P 500
  • 9 out of the 11 sectors traded lower on the S&P 500
  • 189 (37.43%) stocks advanced and 312 (61.78%) declined
  • 94.26% of stocks closed above their 50-day average
  • 48.12% of stocks closed above their 20-day average

Outperformers:

  • + 6.84%-APA Corp (US)(APA.OQ)
  • + 6.63%-Hess Corp(HES.N)
  • + 5.53%-EOG Resources Inc(EOG.N)

Underperformers:

  • ·-5.65%-Citrix Systems Inc(CTXS.OQ)
  • ·-4.98%-HanesBrands Inc(HBI.N)
  • ·-4.83%-Charter Communications Inc(CHTR.OQ)

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