2/3 weeks ago I did a post on the different performances across asset classes and sectors in the middle of the coronavirus / lockdown crisis.
Yesterday the S&P 500 Futures broke the 2635 level on the upside. We have resistance around 2730-2750 and bigger ones at 2800-2815.
I always like to know what is moving “inside the market” as it will tell me about the underlying story.
As catalyst, we should be looking at the OPEC meeting (oil sector is the best performer over the last 5 days which helped market sentiment), Fed chair Powell making an update next Thursday at 10am local, a long week-end and earnings season starting soon.
Similar to what I did on the way down, always worth looking at price action on the way up across industries and sectors for the U.S. stock market. The prices are at the close of Monday the 7th 2020.
If you would like those data on excel, please send an email to: firstname.lastname@example.org
S&P 500 Sectors
I hope it helps,