The market ended strong despite trading lower nearly all day yesterday after the much weaker than expected ISM. The strength, on a price basis, was across board with every sector trading up, see below.
The outsized gains came from the staples sector, possibly retracing some the prior day's losses. The Price/Volume Heat Map reflects this strength, with most stocks (76%) in the S&P 500 showing flattish to strongly positive characteristics. After showing strength in Friday's trading, utilities looked relatively weak.
The outsized gains came from the staples sector, possibly retracing some the prior day's losses. The Price/Volume Heat Map reflects this strength, with most stocks (76%) in the S&P 500 showing flattish to strongly positive characteristics. After showing strength in Friday's trading, utilities looked relatively weak.
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