[Video] Oil slips, Silver Finds Support, S&P Hangs in Balance

All eyes are on the S&P 500 as to which way it will break next, after printing a small bullish inside candle after three days of selling.

Charts (4)


We also update our analysis on silver prices, as we suspect its correction may be nearing completion (if it hasn’t already) and check out the bearish momentum on oil prices.

S&P 500: Market Internals

S&P 500: 4112.5 (1.22%), 13 May 2021

  • Financials (1.8%) was the strongest sector and Energy (-1.35%) was the weakest
  • 8 out of the 11 sectors outperformed the S&P 500
  • 445 (88.12%) stocks advanced and 60 (11.88%) declined
  • 89.5% of stocks closed above their 200-day average
  • 70.5% of stocks closed above their 50-day average
  • 51.09% of stocks closed above their 20-day average


  • + 5.01%   -  Nucor Corp  (NUE.N) 
  • + 4.94%   -  DXC Technology Co  (DXC.N) 
  • + 4.85%   -  Lam Research Corp  (LRCX.OQ) 


  • -5.61%   -  Occidental Petroleum Corp  (OXY.N) 
  • -4.13%   -  Diamondback Energy Inc  (FANG.OQ) 
  • -4.07%   -  Marathon Oil Corp  (MRO.N) 

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