In last Friday's trading, the market gained roughly 50 basis points in value. And just a note, the data call I uses looks at the actual closing prices of the sector ETF's and not the dividend adjusted prices. Hence, the S&P 500's fain falling outside of the sector gains.
Turning to the price/volume heat map, the map shows stronger demand in four/five out of ten sectors with utilities having the strongest demand. Despite the gains, the S&P 500 has failed to climb past the highs (that is until trading today, but we will have to see where equity prices close). The failure also corresponds with a firming in treasury bond prices. A firming in bond prices seems contradictory to a believe in a firming economy and higher equity prices.
Week ending Dec. 20th
For the most recent ended week, the S&P 500 gained strongly, predominantly on the Wednesday's gains.
And the price volume heat map reflects the strong overall gains. However, see my comments above.
Turning to the price/volume heat map, the map shows stronger demand in four/five out of ten sectors with utilities having the strongest demand. Despite the gains, the S&P 500 has failed to climb past the highs (that is until trading today, but we will have to see where equity prices close). The failure also corresponds with a firming in treasury bond prices. A firming in bond prices seems contradictory to a believe in a firming economy and higher equity prices.
Week ending Dec. 20th
For the most recent ended week, the S&P 500 gained strongly, predominantly on the Wednesday's gains.
And the price volume heat map reflects the strong overall gains. However, see my comments above.
No comments:
Post a Comment