In trading last Friday, the S&P 500 added another 20 basis points in value, largely on gains in the discretionary and technology stocks, but also helped by a lesser extent by industrials.
That said, the supply/demand characteristics portrayed in the price/volume heat map was, at best, neutral. In fact, telecom stocks exemplified he best supply demand characteristics among the sector groups, despite the sector trading flat on price basis.
For the latest week, the S&P 500 added 110 basis points in value as the upside price momentum continues despite the lackluster volume.
That said, the weekly supply/demand characteristics in the sector groups remains positive. That is all outside utilities and energy.
That said, the supply/demand characteristics portrayed in the price/volume heat map was, at best, neutral. In fact, telecom stocks exemplified he best supply demand characteristics among the sector groups, despite the sector trading flat on price basis.
For the latest week, the S&P 500 added 110 basis points in value as the upside price momentum continues despite the lackluster volume.
That said, the weekly supply/demand characteristics in the sector groups remains positive. That is all outside utilities and energy.
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