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.

No comments:

Post a Comment