Video GNRC Reverts to LT Trend SP500 Clings Onto Its Highs

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With prices having broken out of a multi-week correction and gapping higher, we suspect there could be further upside to come. Meanwhile, the S&P 500 has failed to break to new highs yet bears remain side-lined. We also update our analysis on Disney (DIS).

S&P 500: Market Internals


S&P 500: 4227.26 (0.02%), 08 June 2021

  • Consumer Discretionary (0.96%) was the strongest sector and Utilities (-0.9%) was the weakest
  • 6 out of the 11 S&P 500 sectors closed higher
  • 6 out of the 11 sectors outperformed the S&P 500
  • 5 out of the 11 sectors traded lower on the S&P 500
  • 288 (57.03%) stocks advanced and 215 (42.57%) declined
  • 89.9% of stocks closed above their 200-day average
  • 66.14% of stocks closed above their 50-day average
  • 62.57% of stocks closed above their 20-day average

Outperformers:

  • + 6.32%   -  Generac Holdings Inc  (GNRC.N) 
  • + 4.46%   -  NRG Energy Inc  (NRG.N) 
  • + 3.78%   -  News Corp  (NWS.OQ) 

Underperformers:

  • -7.99%   -  Organon & Co  (OGN.N) 
  • -4.18%   -  Micron Technology Inc  (MU.OQ) 
  • -3.93%   -  CMS Energy Corp  (CMS.N) 


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