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Moderna Gets a Boost from Flu COVID Combo Shot

Moderna was a top performer yesterday on news it is working on a combined flu shot and COVID-19 booster.

Matt Simpson
Matt Simpson

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Moderna (MRNA) Gets a Boost from Flu + COVID Combo Shot
 


In today’s video we look at the bullish structure on Moderna’s (MRNA) daily chart, then highlight key levels on the hourly timeframe to consider. We then check out potential opportunities on Delta Airlines (DAL) which is rallying into a pivotal area, then finish with EUR/GBP after a bearish range expansion candle formed yesterday.


S&P 500: Market Internals


S&P 500: 4493.28 (-0.46%), 09 September 2021

  • Financials (0.24%) was the strongest sector and Real Estate (-2.11%) was the weakest
  • 8 out of the 11 sectors traded lower on the S&P 500
  • 193 (38.22%) stocks advanced and 309 (61.19%) declined
  • 73.66% of stocks closed above their 200-day average
  • 60% of stocks closed above their 50-day average
  • 44.95% of stocks closed above their 20-day average

Outperformers:

  • + 7.81%   -  Moderna Inc  (MRNA.OQ) 
  • + 5.59%   -  American Airlines Group Inc  (AAL.OQ) 
  • + 4.45%   -  Willis Towers Watson PLC  (WLTW.OQ) 

Underperformers:

  • -6.66%   -  Biogen Inc  (BIIB.OQ) 
  • -5.82%   -  Eli Lilly and Co  (LLY.N) 
  • -4.97%   -  Digital Realty Trust Inc  (DLR.N)   


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S&P 500 forecast: Stocks extend drop as correction risks grow

US and global equity markets have extended Wednesday’s sell-off, with Wall Street opening lower after a weak handover from Asia and Europe. The deterioration in risk appetite has been spreading across global markets. The dollar was firmer, Treasury yields were holding onto yesterday’s gains, while gold, silver and bitcoin were all under pressure alongside equities and major currencies.

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