Video DAX to Top Out Silver Shaken Copper Probes 10yr High

Finger pointing on market chart data


We also catch up on copper, which sits proudly at multi-year highs yet beneath a key resistance level. And silver, which had a bit of a wobble yesterday, is down (but not quite out) after defending key support levels. In both cases, the US dollar plays a pivotal roll for these metals. So keep an eye on DXY (US dollar index) around its lows, as a rebound higher increases the odds they could both correct. But if or when he dollar’s bearish trend resumes, it could be game on for a bullish breakout on copper and silver.

S&P 500: Market Internals

S&P 500: 4211.47 (0.68%), 29 April 2021

  • Communication Services (2.75%) was the strongest sector and Heath Care (-0.387%) was the weakest
  • 7 out of the 11 sectors outperformed the S&P 500
  • 2 out of the 11 sectors traded lower on the S&P 500
  • 393 (77.82%) stocks advanced and 111 (21.98%) declined
  • 94.06% of stocks closed above their 200-day average
  • 92.87% of stocks closed above their 50-day average
  • 77.03% of stocks closed above their 20-day average


  • + 8.2%   -  DISH Network Corp  (DISH.OQ) 
  • + 7.65%   -  Facebook Inc  (FB.OQ) 
  • + 7.25%   -  Molson Coors Beverage Co  (TAP.N) 


  • -10.3%   -  eBay Inc  (EBAY.OQ) 
  • -10.1%   -  PTC Inc  (PTC.OQ) 
  • -9.45%   -  Ford Motor Co  (F.N) 
  • -9.13%   -  ServiceNow Inc  (NOW.N) 

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