S&P 500 Snapshot: A Flat Finish.. Literally!
Doug Short | Jan 10, 2017 11:49PM ET
The S&P 500 stuttered at the open, hitting its -0.16% intraday low about 20 minutes into the session. It then rallied smoothly to its 0.46% noon hour high before smoothly selling off to the flat line. A week bounce in the final hour failed, and the index closed at exactly the same price as yesterday's close, a flat finish ... literally!
Here is a snapshot of the past five sessions (note: our Stockcharts.com source offered no response to our query about the missing intraday volume yesterday).
The yield on the 10-year note closed at 2.38%, unchanged from the previous close.
Here is a daily chart of the index. Volume ticked up a bit on Tuesday's trade but remains on the light side. Investors are apparently waiting on earnings and further evidence of Trumponomics before committing to a more definitive buy/sell decision.
Here's a snapshot of record highs and selloffs since the 2009 trough.
Here is a more conventional log-scale chart with drawdowns highlighted.
Here is a linear scale version of the same chart with the 50- and 200-day moving averages.
Get The News You Want
For a sense of the correlation between the closing price and intraday volatility, the chart below overlays the S&P 500 since 2007 with the intraday price range. We've also included a 20-day moving average to help identify trends in volatility.
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.