[Video] Nasdaq Tops Out, Silver Gets Dented
Matt Simpson July 19, 2021 2:38 AM
The Nasdaq 100 printed a bearish engulfing week. The last time that occurred was in February and marked the beginning of a -12% retracement.
We update our analysis on the Nasdaq 100 after it printed an ominous reversal candle last week. We also add DISH Network Corporation (DISH) our watchlist, then analyse silver spot prices (XAGUSD).
S&P 500: Market Internals
S&P 500: 4327.16 (-0.75%), 16 July 2021
- Utilities (0.99%) was the strongest sector and Energy (-2.7%) was the weakest
- 4 out of the 11 S&P 500 sectors closed higher
- 5 out of the 11 sectors outperformed the S&P 500
- 7 out of the 11 sectors traded lower on the S&P 500
- 159 (31.49%) stocks advanced and 346 (68.51%) declined
- 86.34% of stocks closed above their 200-day average
- 47.52% of stocks closed above their 20-day average
- + 4.62% - Cintas Corp (CTAS.OQ)
- + 3.75% - Teleflex Inc (TFX.N)
- + 2.89% - State Street Corp (STT.N)
- -5.36% - Norwegian Cruise Line Holdings Ltd (NCLH.N)
- -4.84% - Caesars Entertainment Inc (CZR.OQ)
- -4.81% - LyondellBasell Industries NV (LYB.N)
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