--- title: Precious metals shine in a broadly flat market yesterday. TSLA pushes the Mag7 higher description: markets broadly flat yesterday. the mag7 were +1.1% with tsla +5.7% leading the way. fintech, block chain, gold, silver, platinum led the way --- [Skip to content](https://info.mtmresearch.com/blog/precious-metals-shine-in-a-broadly-flat-market-yesterday.-tsla-pushes-the-mag7-higher#main-content) [![MTM Data Research Logo](https://info.mtmresearch.com/hs-fs/hubfs/logo-blue-1-svg.png?width=200&height=43&name=logo-blue-1-svg.png)](https://info.mtmresearch.com/blog) - [Blog](https://info.mtmresearch.com/blog) - [Contact](https://info.mtmresearch.com/contact) Open main navigation Close main navigation - [Blog](https://info.mtmresearch.com/blog) - [Contact](https://info.mtmresearch.com/contact) - [Sign-up](https://www.mtmresearch.com/sign-up) [Sign-up](https://www.mtmresearch.com/sign-up) Nov 19, 2024 6:56:15 AM # Precious metals shine in a broadly flat market yesterday. TSLA pushes the Mag7 higher [Steve](https://info.mtmresearch.com/blog/author/steve) Share: [facebook-f icon](http://www.facebook.com/share.php?u=https://info.mtmresearch.com/blog/precious-metals-shine-in-a-broadly-flat-market-yesterday.-tsla-pushes-the-mag7-higher) [linkedin-in icon](http://www.linkedin.com/shareArticle?mini=true&url=https://info.mtmresearch.com/blog/precious-metals-shine-in-a-broadly-flat-market-yesterday.-tsla-pushes-the-mag7-higher) [Twitter icon](https://twitter.com/intent/tweet?url=https://info.mtmresearch.com/blog/precious-metals-shine-in-a-broadly-flat-market-yesterday.-tsla-pushes-the-mag7-higher) [pinterest-p icon](http://pinterest.com/pin/create/link/?url=https://info.mtmresearch.com/blog/precious-metals-shine-in-a-broadly-flat-market-yesterday.-tsla-pushes-the-mag7-higher) [envelope icon](mailto:?body=https://info.mtmresearch.com/blog/precious-metals-shine-in-a-broadly-flat-market-yesterday.-tsla-pushes-the-mag7-higher) The US Indexes were mixed on Monday with the Nasdaq and S&P pushed higher by the Mag7. The VIX was flat at 17, this seems too low considering the recent market swings. The main indexes were; DJIA -0.13%, S&P 500 +0.39% and Nasdaq +0.60% (Mag7 +1.01%). On an equal weighted basis (our measure) the overall market was +0.06% yesterday. Breadth of 48% (daily range of 22% to 48% over the last week) . Daily volumes of 11b (the average daily volume over the last year of 8b).  Daily returns: Mag7 +1.01% (TSLA +5.6%, GOOGL +1.6%, AAPL +1.3%, AMZN -0.5%, NVDA -1.3%), large cap +0.64%, medium cap +0.47, small cap +0.1% and micro cap -0.2%. Week returns as follows - equal weight basis: Mag7 -2.3% (AAPL +1.7%, TSLA -3.2%, NVDA -3.5% and META -4.9%), large cap -1.6%, medium cap, -3.4%, small cap -4.6% and micro cap -5.1%.  Our risk monitor remains in favour of the larger cap stock. Micro caps have underperformed the market by 1.4% over the two weeks. With the market broadly flat yesterday the sector performance was evenly split between riser and fallers. Strength in Platinum +5.7%, Gold +4.6% and Silver +3.8% helped push Basic Materials higher, Iron +1.9% and Construction +1.3%. Uranium +6.8% and Renewable Energy Equipment +2.1% pushed Energy stocks higher. Software fell on the day but all other Tech sub industries were higher helping Technology to beat the market yesterday. Fintech was +2% and within this Blockchain was +3.6%. Natural Gas +1.4% and Electric Utilities +1.4% (nuclear stocks were all strong) helped Utilities on the day. At the bottom end of the market, Consumer Cyclical underperformed, Discount stores +1.7% and Department stores +1.5% were the outperformers in the sector, all other sub industries were down. Healthcare continues to fall post the trump appointment of RFK jr. A notable number of 52 week highs was seen in the following sectors: Energy (Oil & Gas Equipment) , Financials particularly Banking & Investment Services. Industrials was strong again (across the sector including Transportation... for the second time) and Technology (Software & IT Services, Technology Equipment), Utilities (across the sector). Notable high volumes in all sector: High levels in Basic Materials (Metals & Mining) Consumer Cyclicals (across the sector), Financials (across the sector), Healthcare (across the sector), Industrials (across the sector) and Technology saw a very high number (Software & IT Services, FinTech and Technology Equipment) ## Related posts ## [Mag7 returns to lead the market ahead of the October PCE](https://info.mtmresearch.com/blog/mag7-returns-to-lead-the-market-ahead-of-the-october-pce) [Steve](https://info.mtmresearch.com/blog/author/steve) Nov 27, 2024 9:55:34 AM With the Election result and distortions now baked into the market the immediate focus is moving to... [Read more](https://info.mtmresearch.com/blog/mag7-returns-to-lead-the-market-ahead-of-the-october-pce) ## [Mag7 stocks push the US Indexes higher on Inauguration day](https://info.mtmresearch.com/blog/mag7-stocks-push-the-us-indexes-higher-on-inauguration-day) [Steve](https://info.mtmresearch.com/blog/author/steve) Jan 21, 2025 8:12:38 AM It will take a while for the impact of the range of Executive orders issued by President Trump to... [Read more](https://info.mtmresearch.com/blog/mag7-stocks-push-the-us-indexes-higher-on-inauguration-day) ## [Risk assets continue to run pushing the US market higher as Mag7 lags. US indexes all up on Wednesday.](https://info.mtmresearch.com/blog/risk-asset-continue-to-run-pushing-the-market-higher-as-mag7-lags.-us-indexes-all-up-on-wednesday) [Steve](https://info.mtmresearch.com/blog/author/steve) Oct 17, 2024 7:33:21 AM The US Indexes were all higher on Wednesday following Tuesday's retreat. The riskier assets... 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