Video SP 500 Breaks Losing Streak WTI Above 70

It may have only been a minor gain for the S&P 500 yesterday, but it was enough to break a 5-day losing streak at an important support level.

For today’s video we update our analysis on the S&P 500 E-mini futures contract, then take another look at WTI as it flirts with a break of $70. We then add a US listed energy equity to the bullish watchlist (APA Corp) after a strong close yesterday.

S&P 500: Market Internals

S&P 500: 4468.73 (0.23%), 13 September 2021

• Energy (2.9%) was the strongest sector and Healthcare (-0.61%) was the weakest
• 8 out of the 11 S&P 500 sectors closed higher
• 5 out of the 11 sectors outperformed the S&P 500
• 305 (60.40%) stocks advanced and 198 (39.21%) declined
• 74.65% of stocks closed above their 200-day average
• 53.47% of stocks closed above their 50-day average
• 38.81% of stocks closed above their 20-day average

Outperformers:

• + 7.81%   -  APA Corp (US)  (APA.OQ) 
• + 7.19%   -  Marathon Oil Corp  (MRO.N) 
• + 6.69%   -  Occidental Petroleum Corp  (OXY.N) 

Underperformers:

• -6.60%   -  Moderna Inc  (MRNA.OQ) 
• -4.99%   -  Albemarle Corp  (ALB.N) 
• -4.37%   -  Fortinet Inc  (FTNT.OQ) 

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