- Palladium, which is often described as similar to platinum but a ‘softer metal’ is anything but, if recent returns are anything to go by.
- Gold closed above 1740 for the first time since the 1st of March. We now look for this area to hold as support and target the lows around 1760.
- WTI continues to coil up in its highs but retain its bullish trend above the 59.24 low. A break beneath 63.13 warns of a deeper retracement whilst a break above the symmetrical triangle could be taken as bullish continuation.
- The S&P 500 closed 0.3% higher and was led by the consumer discretionary, industrial and energy sectors.
S&P 500 (0.29%) 17 March 2021
- The index closed -0.17% below its 52-week high
- 313 (61.98%) stocks advanced and 188 (37.23%) declined
- Consumer Discretionary (1.4%) was the strongest sector and Utilities (-1.62%) was the weakest
- 5 out of the 11 sectors outperformed the index
- 87.52% of stocks closed above their 200-day average
- 78.22% of stocks closed above their 50-day average
- 81.58% of stocks closed above their 20-day average
View recent videos:
Small caps stumble at the highs, WTI and gold look to the Fed
Nasdaq holding support, copper feeling its own weight
Gold to shine again? Euro stalls below 1.20
Nasdaq to close the gap with Wall Street peers?