[Video] WTI Bulls Build Their Case, Fed Gives USD a Tailwind

Close-up of market chart
Matt Simpson financial analyst
By :  ,  Market Analyst
 

Yesterday we saw AutoZone (AZO) close to a new high in line with our bias, along with its long-term uptrend. And United Rentals (URI) has accelerated higher from its trendline, respecting the 325 support level and reviving hopes its long-term uptrend will remain intact.

S&P 500: Market Internals


S&P 500: 4395.64 (0.95%), 22 September 2021

  • Energy (3.1%) was the strongest sector and Utilities (-0.106%) was the weakest
  • 9 out of the 11 S&P 500 sectors closed higher
  • 6 out of the 11 sectors outperformed the S&P 500
  • 418 (82.77%) stocks advanced and 86 (17.03%) declined
  • 65.94% of stocks closed above their 200-day average
  • 76.04% of stocks closed above their 50-day average
  • 24.55% of stocks closed above their 20-day average

Outperformers:

  • + 7.19%   -  APA Corp (US)  (APA.OQ) 
  • + 6.84%   -  Devon Energy Corp  (DVN.N) 
  • + 6.09%   -  MGM Resorts International  (MGM.N) 

Underperformers:

  • -9.12%   -  FedEx Corp  (FDX.N) 
  • -8.51%   -  Incyte Corp  (INCY.OQ) 
  • -3.99%   -  Facebook Inc  (FB.OQ) 


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