Video Copper Could Outperform Precious Metals

<amp-wistia-player layout="responsive" data-media-hashed-id="wr2r2ntec6" width="512" height="360"></amp-wistia-player>
 



If earnings continue to outperform expectations then copper prices could well break out sooner than later. But the same cannot be said for platinum or palladium which have printed swing highs below resistance levels.

S&P 500: Market Internals

S&P 500: 4411.79 (1.01%), 23 July 2021

  • Communication Services (2.65%) was the strongest sector and Energy (-0.43%) was the weakest
  • 10 out of the 11 S&P 500 sectors closed higher
  • 4 out of the 11 sectors outperformed the S&P 500
  • 1 out of the 11 sectors traded lower on the S&P 500
  • 412 (81.58%) stocks advanced and 91 (18.02%) declined
  • 86.34% of stocks closed above their 200-day average
  • 85.35% of stocks closed above their 50-day average
  • 60.79% of stocks closed above their 20-day average

Outperformers:

  • + 7.84%   -  Moderna Inc  (MRNA.OQ) 
  • + 7.36%   -  Robert Half International Inc  (RHI.N) 
  • + 5.30%   -  Facebook Inc  (FB.OQ) 

Underperformers:

  • -5.29%   -  Intel Corp  (INTC.OQ) 
  • -4.71%   -  Verisign Inc  (VRSN.OQ) 
  • -3.62%   -  Organon & Co  (OGN.N) 

S&P Sector performance of S&P500 and other popular products.  Analysed on July 2021 by FOREX.com

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.

Open an account in minutes

Experience award-winning platforms with fast and secure execution.

Web Trader platform

Our sophisticated web-based platform is packed with features.

Economic Calendar