[Video] Have DAX bulls gone too far?
Matt Simpson April 7, 2021 5:03 AM
Another day, another record high for the DAX. Yet yesterday’s price action has us asking if the rally is sustainable over the near-term.
Also in today’s video is why Eli Lilly has made it back onto our ‘shortlist’, and we discuss the way in which price action characteristics on WTI futures have changed and why it’s important to recognise.
S&P 500 (-0.10%) 06 March 2021
- The index closed -0.23% below its 52-week high
- 245 (48.51%) stocks advanced and 221 (43.76%) declined
- Utilities (0.52%) was the strongest sector and Information Technology (-0.38%) was the weakest
- 6 out of the 11 sectors outperformed the index
- 88.91% of stocks closed above their 200-day average
- 82.77% of stocks closed above their 50-day average
- 77.23% of stocks closed above their 20-day average
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