Video WTI Eyes a Break of 70 USDCAD Points Lower Ahead of NFP

In today’s video we analyse WTI futures, alongside USD/CAD as it shares an inverted correlation. We also catch up on Costco Wholesale Corporation (COST) as bulls try to embark on extending its already impressive rally.

S&P 500: Market Internals

S&P 500: 4536.95 (0.28%), 02 September 2021

• Energy (2.52%) was the strongest sector and Communication Services (-0.69%) was the weakest
• 8 out of the 11 S&P 500 sectors closed higher
• 6 out of the 11 sectors outperformed the S&P 500
• 3 out of the 11 sectors traded lower on the S&P 500
• 379 (75.05%) stocks advanced and 124 (24.55%) declined
• 80.79% of stocks closed above their 200-day average
• 68.51% of stocks closed above their 50-day average
• 71.49% of stocks closed above their 20-day average

Outperformers:

• + 12.06%   -  Quanta Services Inc  (PWR.N) 
• + 6.70%   -  Cabot Oil & Gas Corp  (COG.N) 
• + 5.98%   -  Occidental Petroleum Corp  (OXY.N) 

Underperformers:

• -5.2%   -  Autodesk Inc  (ADSK.OQ) 
• -4.6%   -  Hormel Foods Corp  (HRL.N) 
• -2.91%   -  Gap Inc  (GPS.N) 

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