[Video] The Dow is on a High, USD/JPY Holds Steady ahead of NFP

Nonfarm payrolls is upon us, and there’s lots of hype for a strong print. But can it deliver?

Charts (4)


Going into the report, the US dollar is under pressure against most of its peers. The US dollar index rolled over from 91.40 resistance, EUR/USD confirmed its bullish wedge and copper hit news highs. This was all covered in yesterday’s video and, whilst the ‘planets don’t always align’ so well, it’s nice when they do.

In today’s video we check out the Dow Jones and gold following their latest breakouts, then look at key levels for USD/JPY ahead of today’s NFP report.

View Matt Weller's NFP Preview: 1M jobs possible, but wage growth still stubbornly straggles.

S&P 500: Market Internals

S&P 500: 4201.62 (0.82%), 06 May 2021

  • Financials (1.43%) was the strongest sector and Heathcare (0.074%) was the weakest
  • All 11 S&P 500 sectors traded higher
  • 5 out of the 11 sectors outperformed the S&P 500
  • 378 (74.85%) stocks advanced and 123 (24.36%) declined
  • 92.28% of stocks closed above their 200-day average
  • 85.54% of stocks closed above their 50-day average
  • 68.12% of stocks closed above their 20-day average


  • + 7.54%   -  Iron Mountain Inc  (IRM.N) 
  • + 7.07%   -  Kellogg Co  (K.N) 
  • + 5.17%   -  Lumen Technologies Inc  (LUMN.N) 


  • -14.57%   -  ETSY Inc  (ETSY.OQ) 
  • -8.56%   -  Albemarle Corp  (ALB.N) 
  • -8.18%   -  Penn National Gaming Inc  (PENN.OQ) 

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