Video Nasdaq Heads for Its Highs Gold and GBPJPY Perk Up

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Tech stocks outperformed its peers following yesterday’s CPI report. And if it can maintain yesterday’s direction and volatility, it could retest its record high within a session or two.

Gold is also showing signs of breaking higher. But we’ve been here a few times before, so we outline three potential scenarios covering a bullish or bearish outcome. Then we finish up on GBP/JPY which is trying to revert to its well-established bull trend.


S&P 500: Market Internals


S&P 500: 4239.18 (0.47%), 10 June 2021

  • Healthcare (1.68%) was the strongest sector and Financials (-1.11%) was the weakest
  • 7 out of the 11 S&P 500 sectors closed higher (and outperformed the index)
  • 282 (55.84%) stocks advanced and 221 (43.76%) declined
  • 90.69% of stocks closed above their 200-day average
  • 81.19% of stocks closed above their 50-day average
  • 57.62% of stocks closed above their 20-day average

Outperformers:

  • + 6.61%   -  Organon & Co  (OGN.N) 
  • + 5.25%   -  ServiceNow Inc  (NOW.N) 
  • + 4.77%   -  Enphase Energy Inc  (ENPH.OQ) 

Underperformers:

  • -4.69%   -  Nielsen Holdings PLC  (NLSN.N) 
  • -4.67%   -  SVB Financial Group  (SIVB.OQ) 
  • -3.96%   -  NVR Inc  (NVR.N) 
Related tags: video forex indices nasdaq gold

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