[Video] Can US Equities Maintain Momentum? (WMB, COST, TGT)

It was a strong close on Wall Street ahead of the three-day weekend, but now we get to see if its post-NFP rally can be sustained as traders return to their desks today.

Stocks (1)

 




In today’s video we see how European markets performed yesterday, then switch to US equities for today’s charts. With higher oil prices following OPEC’s unsuccessful meeting, we like the looks of Williams Companies (WMB) as it remains in a strong uptrend. We also catch up on Target (TGT) which is going from strength to strength, and Costco (COST) which may have turned resistance into support.


S&P 500: Market Internals



S&P 500: 4352.34 (0.75%), 02 July 2021

  • Information Technology (1.39%) was the strongest sector and Energy (-0.2%) was the weakest
  • 9 out of the 11 S&P 500 sectors closed higher
  • 4 out of the 11 sectors outperformed the S&P 500
  • 304 (60.20%) stocks advanced and 197 (39.01%) declined
  • 91.29% of stocks closed above their 200-day average
  • 54.46% of stocks closed above their 50-day average
  • 58.02% of stocks closed above their 20-day average

Outperformers:

  • + 2.35%   -  Oracle Corp  (ORCL.N) 
  • + 2.27%   -  Paycom Software Inc  (PAYC.N)  
  • + 1.96%   -  Hilton Worldwide Holdings Inc  (HLT.N) 

Underperformers:

  • -4.64%   -  International Business Machines Corp  (IBM.N) 
  • -2.44%   -  Devon Energy Corp  (DVN.N) 
  • -2.26%   -  Marathon Oil Corp  (MRO.N)


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