[Video] Gold Rally ‘Foiled’ at Resistance
Matt Simpson April 12, 2021 4:03 AM
Gold’s strong resistance cluster proved too tough for bulls to crack on Friday, leaving the precious metal vulnerable to further downside pressures over the near-term.
Also in today’s video is an update on Tesla, which has made its way back onto our watchlist with some promising price action. And we also update our analysis for Fortune Brands (FBHS) after it broke out of a multi-month range at the end of March.
S&P 500 (0.77%) 09 March 2021
- The S&P 500 closed at a record high
- 363 (71.88%) stocks advanced and 139 (27.52%) declined
- Heathcare (1.16%) was the strongest sector and Energy (-0.49%) was the weakest
- 6 out of the 11 sectors outperformed the S&P 500
- 93.86% of stocks closed above their 200-day average
- 91.49% of stocks closed above their 50-day average
- 81.78% of stocks closed above their 20-day average
- + 5.68% - PVH Corp (PVH.N)
- + 3.6% - Tapestry Inc (TPR.N)
- + 3.29% - Cigna Corp (CI.N)
- -3.06% - Molson Coors Beverage Co (TAP.N)
- -2.98% - Conagra Brands Inc (CAG.N)
- -2.9% - Baker Hughes Co (BKR.N)
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