U.S. Markets closed

S&P 500 Wraps Up Yet Another Impressive Week Of Gains (SPY)

Tom Reese

From Jill Mislinski: The S&P 500 continued its climb this week, closing Friday with yet another all-time high. The index was up 0.67% from Thursday and 1.57% from last week.

S&P 500

The U.S. Treasury puts the closing yield on the 10-year note at 2.55%.

Here is a daily chart of the S&P 500. Today’s selling puts the volume 4% above its 50-day moving average.

S&P 500

Here’s a snapshot of the index going back to December 2008.

A Perspective on Drawdowns

Here’s a snapshot of record highs and selloffs since the 2009 trough.

S&P 500 Drawdowns

Here is a more conventional log-scale chart with drawdowns highlighted.

S&P 500 MAs

Here is a linear scale version of the same chart with the 50- and 200-day moving averages.

S&P 500 MAs

A Perspective on Volatility

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.

The SPDR S&P 500 ETF Trust (SPY) closed at $277.92 on Friday, up $1.80 (+0.65%). Year-to-date, SPY has gained 4.14%.

SPY currently has an ETF Daily News SMART Grade of A (Strong Buy), and is ranked #1 of 141 ETFs in the Large Cap Blend ETFs category.

This article is brought to you courtesy of Advisor Perspectives.

You are viewing an abbreviated republication of ETF Daily News content. You can find full ETF Daily News articles on (www.etfdailynews.com)