Sunday, June 2, 2013

S&P 500 Price/Volume Heat Map for 5/31

The Price/Volume heat map for the S&P 500 showed a lot of red for the last trading day of May. However, this weakness was not ubiquitous across the board. The heat map for the 5/31 trading day is shown below.



And yes, I am sorry about the presentation. Still looking at ways I can present this more clearly. The two standout sectors, at least as it concerns weakness, were consumer staples and energy. On the positive side, utilities caught a strong bid in the weaker market action. I am unsure if this is a flight to safety trade or more of bounce considering utilities have been getting sold relentlessly since mid-April. The heat map also shows some mixed signs of strength in the discretionary, tech, and to a lesser extend the industrials sectors. This may be an indication of traders positioning themselves for another upward move in the market. A proverbial 'buy-the-dip' if you will.















  

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