Video Wynn Resorts Takes a Breakout Penn Gaming Toys with Bears
It wasn’t a particularly strong close for the broader market yesterday on Wall Street, but we think these two stocks are of interest to bulls.
Share this:
![[Video] Wynn Resorts Takes a Break(out), Penn Gaming Toys with Bears](/-/media/Research/Global/News Analysis/Featured Image/2021/03/Stocks1v2)
In today’s video we update out analysis on Penn National Gaming (PENN) then add Wynn Resorts (WYNN) to our bullish watchlist. Finally, we look at the US dollar index (DXY) as we suspect further strength is around the corner, which will likely weigh on commodities if the dollar remains bid.
S&P 500: Market Internals
S&P 500: 4520.03 (-0.34%), 07 September 2021
- Communication Services (0.447%) was the strongest sector and Industrials (-1.7%) was the weakest
- 8 out of the 11 sectors traded lower on the S&P 500
- 93 (18.42%) stocks advanced and 410 (81.19%) declined
- 76.04% of stocks closed above their 200-day average
- 58.22% of stocks closed above their 50-day average
- 47.52% of stocks closed above their 20-day average
Outperformers:
- + 5.61% - Wynn Resorts Ltd (WYNN.OQ)
- + 4.73% - Moderna Inc (MRNA.OQ)
- + 4.17% - Las Vegas Sands Corp (LVS.N)
Underperformers:
- -5.73% - VF Corp (VFC.N)
- -5.03% - Marketaxess Holdings Inc (MKTX.OQ)
- -4.53% - 3M Co (MMM.N)
How to trade with FOREX.com
Follow these easy steps to start trading with FOREX.com today:
- Open a Forex.com account, or log-in if you’re already a customer.
- Search for the pair you want to trade in our award-winning platform.
- Choose your position and size, and your stop and limit levels.
- Place the trade.
The complete CFD trading experience
Award-winning platforms, competitive spreads, low commissions and dedicated support.
We live and breathe the markets and are dedicated to helping traders realise their ambitions as we continue to set the industry bar.
Economic calendar
Web Trader platform
Our sophisticated web-based platform is packed with features.
Related articles
USD/JPY weekly outlook: Quarter turn scrambles rates regime
USD/JPY’s tight relationship with front-end US rates broke down sharply last week, but quarter-turn flows and positioning suggest the disconnect may prove temporary.
USD/CAD forecast: rally could accelerate above June highs at 1.4250
USD/CAD recovered quickly after weaker US jobs data, keeping the bullish trend in focus. A move above the June highs could accelerate the rally as inflation keeps the Fed under pressure.
USD Sets Fresh Yearly High as EUR/USD Drops Dramatically, USD/JPY Stable
Well, it was a week of USD strength that wasn’t entirely pushed by USD/JPY, as a strong sell-off in EUR/USD has pushed the major pair to its most oversold state in a decade.
StoneX Europe Ltd may make third party material available on this website which may contain information included but not limited to the conditions of financial markets. The material is for information purposes only and does not contain, and should not be construed as containing, investment advice and/or investment recommendation and/or an investment research and/or an offer of or solicitation for any transactions in financial instruments; any decision to enter into a specific transaction shall be made by the client following an assessment by him/her of their situation.
StoneX Europe Ltd makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied. You should always seek independent advice as to your suitability to speculate in any related markets and your ability to assume the associated risks, if you are at all unsure. We are not under any obligation to update any such material. Any opinion made may be personal to the author and may not reflect the opinion of StoneX Europe Ltd.