Video WTI Bulls Build Their Case Fed Gives USD a Tailwind

Yesterday we saw AutoZone (AZO) close to a new high in line with our bias, along with its long-term uptrend. And United Rentals (URI) has accelerated higher from its trendline, respecting the 325 support level and reviving hopes its long-term uptrend will remain intact.

S&P 500: Market Internals

S&P 500: 4395.64 (0.95%), 22 September 2021

• Energy (3.1%) was the strongest sector and Utilities (-0.106%) was the weakest
• 9 out of the 11 S&P 500 sectors closed higher
• 6 out of the 11 sectors outperformed the S&P 500
• 418 (82.77%) stocks advanced and 86 (17.03%) declined
• 65.94% of stocks closed above their 200-day average
• 76.04% of stocks closed above their 50-day average
• 24.55% of stocks closed above their 20-day average

Outperformers:

• + 7.19%   -  APA Corp (US)  (APA.OQ) 
• + 6.84%   -  Devon Energy Corp  (DVN.N) 
• + 6.09%   -  MGM Resorts International  (MGM.N) 

Underperformers:

• -9.12%   -  FedEx Corp  (FDX.N) 
• -8.51%   -  Incyte Corp  (INCY.OQ) 
• -3.99%   -  Facebook Inc  (FB.OQ) 

How to trade with FOREX.com

Follow these easy steps to start trading with FOREX.com today:

1. Open a Forex.com account, or log-in if you’re already a customer.
2. Search for the pair you want to trade in our award-winning platform.
3. Choose your position and size, and your stop and limit levels.
4. Place the trade.