Friday, August 23, 2013

S&P 500 Price/Volume (Or Lack There Of) Heat Map- 8/22 Trading Day Edition

Although the data here is likely unrepresentative of any sort of normalcy, provided the three hour closure of the NASDAQ market, I still present the latest price/volume heat map. In any event, traders took the the trading halt to send equity shares up, testing the 50-day moving average on the S&P 500. We will see if mini-rally holds any weight, or like I suspect the 1,600 level remains in play.


All sectors gained in yesterday's trading, with the cyclical groups leading the charge. A situation fully reflected in the price/volume heat map despite the trading halt and the lower overall volume levels. The days trading likely reflects the reversion to the mean considering the weakness seen last week.


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