Monday, November 4, 2013

Weak Demand/Higher Prices- S&P 500 Price/Volume Heat Map For Nov. 1

In the last trading day of the week, the S&P 500 managed to muster a gain of about 30 basis points. this was on choppy trading where the market sold off through mid-day trading but rebounded there after. Additionally, the sector returns were more mixed and ranged from a gains of about 70 basis points to a loss of about point. All-in-all, more of an inside trading day.

Despite the overall price gains, demand remains weak, as evidenced by the price/volume heat map below. The trend appears evident across the market sectors, despite the range of price changes in the sector groups. This suggests to me that investors and traders are churning holdings and have little sense of direction.

For the Week Ending Nov. 1

For the latest ended week, the S&P 500 eked out a small gain. Mirroring Friday's trading dynamics, the sector performance was mixed. Additionally, the overall demand was weak for the trading weak. More so, supply coming into the market was more evident.

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