Wednesday, August 14, 2013

S&P 500 Price/Volume Heat Map- 8/13 Trading Day Edition

Another trading and another topsy-turvy market, as the S&P 500 traded down in the morning but finishing off up roughly 30 basis points. The sector results leading to the overall gain can be seen below.

The interesting part in yesterday's trading, despite ending positively on a price basis, the supply/demand picture presented in the heat map appears neutral at best. For instance, the technology added 70 basis points on price-value basis, the largest contributor to the market's gain (glad to know Icahn can tweet). That said, less 30% of the names in the sector showed an expansion of volume on the upside. This suggests weaker a weaker demand outlook. The remainder of the sectors have similar supply/demand pictures.

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