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Video FTSE Breaks Below 7000 Nasdaq NDAQ Tests Trend Support

The FTSE 100 broke below 7000 on Friday during its most bearish session in two months, bringing 6900 within easy reach for its next target.

Matt Simpson
Matt Simpson

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[Video] FTSE Breaks Below 7000, Nasdaq (NDAQ) Tests Trend Support
 

In today’s video we look at the FTSE 100 cash market. We also add the Nasdaq stock market (NDAQ) to our watchlist as it sits at a technical juncture, then update our analysis on USD/CHF after its close above 0.9300 on Friday.

S&P 500: Market Internals


S&P 500: 4432.99 (-0.91%), 17 September 2021

  • Healthcare (0.073%) was the strongest sector and Materials (-2%) was the weakest
  • 11 out of the 11 sectors traded lower on the S&P 500
  • 192 (38.02%) stocks advanced and 311 (61.58%) declined
  • 72.08% of stocks closed above their 200-day average
  • 97.03% of stocks closed above their 50-day average
  • 39.8% of stocks closed above their 20-day average


Outperformers:

  • + 3.1%   -  ETSY Inc  (ETSY.OQ) 
  • + 2.63%   -  American Airlines Group Inc  (AAL.OQ) 
  • + 2.53%   -  Align Technology Inc  (ALGN.OQ) 

Underperformers:

  • -6.64%   -  Freeport-McMoRan Inc  (FCX.N) 
  • -3.95%   -  Newmont Corporation  (NEM.N) 
  • -3.35%   -  L3harris Technologies Inc  (LHX.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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