[Video] Gold in Focus for Jackson Hole (MSFT, PENN)

Gold trading
Matt Simpson financial analyst
By :  ,  Market Analyst
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In today’s video, we add two new stocks to the watchlist including Microsoft (MSFT) which is consolidating near its highs, and Penn International Gaming (PENN) after it broken above a key resistance zone to signal a major trend reversal. We then wrap up on gold which will be within the crosshairs of volatility around Jerome Powell’s speech later today.

S&P 500: Market Internals

S&P 500: 4496.19 (0.22%), 25 August 2021
  • Financials (1.21%) was the strongest sector and Healthcare (-0.255%) was the weakest
  • 7 out of the 11 S&P 500 sectors closed higher
  • 6 out of the 11 sectors outperformed the S&P 500
  • 360 (71.29%) stocks advanced and 140 (27.72%) declined
  • 81.98% of stocks closed above their 200-day average
  • 69.11% of stocks closed above their 50-day average
  • 65.74% of stocks closed above their 20-day average

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

Outperformers:

  • + 8.66%   -  Penn National Gaming Inc  (PENN.OQ) 
  • + 7.8%   -  Western Digital Corp  (WDC.OQ) 
  • + 4.29%   -  Ulta Beauty Inc  (ULTA.OQ) 

Underperformers:

  • -5.31%   -  Gap Inc  (GPS.N) 
  • -2.67%   -  Nucor Corp  (NUE.N) 
  • -2.17%   -  Campbell Soup Co  (CPB.N) 

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