[Video] CAC Hits 20yr High, NVIDIA’s Rally Looks Stretched
Matt Simpson June 8, 2021 3:42 AM
The CAC is now trading at its highest level since its 2000 peak, and there could more to come if key support holds.
We also look at the Nasdaq 100 could look to extend its rally after holding above support. We then update our analysis on NVIDA (NVDA) as it has rallied over 14% since the prior video.
S&P 500: Market Internals
S&P 500: 4226.52 (-0.08%), 07 June 2021
- Real Estate (0.91%) was the strongest sector and Materials (-1.22%) was the weakest
- 4 out of the 11 S&P 500 sectors closed higher
- 6 out of the 11 sectors outperformed the S&P 500
- 168 (33.27%) stocks advanced and 333 (65.94%) declined
- 89.7% of stocks closed above their 200-day average
- 67.92% of stocks closed above their 50-day average
- 59.41% of stocks closed above their 20-day average
- + 38.34% - Biogen Inc (BIIB.OQ)
- + 10.15% - Eli Lilly and Co (LLY.N)
- + 4.61% - Penn National Gaming Inc (PENN.OQ)
- -7.99% - Organon & Co (OGN.N)
- -4.83% - United Rentals Inc (URI.N)
- -3.96% - Progressive Corp (PGR.N)
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