S&P 500 Snapshot: A Fractional Gain On The 4th Smallest Intraday Range
Doug Short | Jun 24, 2015 12:21AM ET
The atmosphere for today's market action was quite friendly: Optimism about Greece, a 0.05% increase in Richmond Fed Manufacturing numbers. Despite the external support, the S&P 500 spent the day in tranquilizer mode, its fourth smallest intraday trading range of 2015. The index opened in the green, hit its 0.24% intraday high a couple of minutes after 10 AM housing report and promptly dropped gave back the gains and drifted to its -0.14% noon hour intraday low. It then slowly drifted to its fractional gain of 0.06% at the final bell.
The 10-year yield closed today at 2.42%, up 5 bps from yesterday's close and 8 bps off its 2015 high.
Here is a 15-minute chart of the past five sessions.
A daily chart of the ARCA:SPY ETF gives a better sense of investor participation, or lack thereof. Trading volume was 37% below its 50-day moving average.
A Perspective on Drawdowns
Here's a snapshot of selloffs since the 2009 trough.
For a longer-term perspective, here is a charts base on daily closes since the all-time high prior to the Great Recession.
Get The News You Want
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.