Thursday, September 12, 2013

And Yet Another Demand Driven Day- S&P 500 Price/Volume Heat Map for 9/11

Although we see a weakening demand dynamic, demand continues to outweigh supply. This while equity prices continue to gain, as the S&P 500 gained about 30 basis points on a choppy trading day.


Whatever the reason, demand levels pulled back from higher levels in previous tradings. More so, financials, industrials, and telecoms all saw weaker demand on the price/volume heat map despite price gains in each. Noting another divergence, AAPL shares fell by about 5% in yesterday's trading on a disappointing iPhone announcement. The decline in AAPL shares throttled the tech index, despite relatively more upbeat demand, albeit still not above the 50% threshold. The weakest sectors of the bunch was utilities, as higher interest rates spooked investors looking for yield. 



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