[Video] Bullish Reversal on Russell 2000, Palladium Set to Fall?

Graphic of trading data chart
Matt Simpson financial analyst
By :  ,  Market Analyst
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In today’s video we look at the Russell 2000 daily chart and highlight a potential bullish reversal pattern. We then update our analysis on palladium futures as we suspect a swing high is now in place, then add AUD/CAD to our bullish watchlist as a change of trend appears to have materialised.

S&P 500: Market Internals

S&P 500: 4524.09 (0.03%), 01 September 2021

  • Real Estate (1.68%) was the strongest sector and Energy (-1.5%) was the weakest
  • 6 out of the 11 S&P 500 sectors closed higher
  • 4 out of the 11 sectors outperformed the S&P 500
  • 244 (48.32%) stocks advanced and 259 (51.29%) declined
  • 79.01% of stocks closed above their 200-day average
  • 76.24% of stocks closed above their 50-day average
  • 61.98% of stocks closed above their 20-day average

 S&P Sector performance of SPX performance.  Analysed on September 2021 by FOREX.com

Outperformers:

  • + 15.01%   -  PVH Corp  (PVH.N) 
  • + 3.84%   -  Kansas City Southern  (KSU.N) 
  • + 3.52%   -  Moderna Inc  (MRNA.OQ) 

Underperformers:

  • -7.05%   -  Abbvie Inc  (ABBV.N) 
  • -5.07%   -  DXC Technology Co  (DXC.N) 
  • -4.92%   -  Wells Fargo & Co  (WFC.N)  


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