[Video] The Dollar’s Rise Stalls at Resistance Ahead of FOMC (DIS, GNRC)
Matt Simpson June 16, 2021 3:17 AM
Markets are in wait and see mode as traders wait for the outcome of today’s FOMC meeting, with the dollar in the crosshairs of volatility.
The FOMC meeting is finally upon us, and markets are on tenterhooks leading into it. In today’s video we highlight a couple of key levels for the US dollar index (DXY), then catch up on two US listed stocks for potential bullish or bearish scenarios; Disney (DIS) and Generac Holdings (GNRC).
Read Matt Well’s preview: FOMC meeting preview: Will the Fed fret about inflation?
S&P 500: Market Internals
S&P 500: 4246.59 (-0.20%), 15 June 2021
- Energy (2.06%) was the strongest sector and Real Estate (-1.03%) was the weakest
- 4 out of the 11 S&P 500 sectors closed higher
- 6 out of the 11 sectors outperformed the S&P 500
- 276 (54.65%) stocks advanced and 223 (44.16%) declined
- 90.89% of stocks closed above their 200-day average
- 62.57% of stocks closed above their 50-day average
- 55.45% of stocks closed above their 20-day average
- + 5.10% - Diamondback Energy Inc (FANG.OQ)
- + 5.05% - Organon & Co (OGN.N)
- + 4.16% - Nov Inc (NOV.N)
- -5.07% - Alexandria Real Estate Equities Inc (ARE.N)
- -4.76% - Freeport-McMoRan Inc (FCX.N)
- -4.36% - Take-Two Interactive Software Inc (TTWO.OQ)
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