We have updated our privacy policy and terms & conditions. Find out more here.

S&P 500 Snapshot: Day Six

By Stock MarketsSep 11, 2013 05:30PM GMT Add a Comment
S&P 500 Snapshot: Day Six
By   |  Sep 11, 2013 05:30PM GMT
Share with a Friend
Thanks for sharing
Emails have been sent to:
To send more emails click here

Like Monday the S&P 500 yesterday opened at its intraday low and made its biggest advance in the first two minutes. It reached its morning high shortly before 11 AM and then traded in a fairly narrow range for the remainder of the session. A small surge in the final minutes set a 0.74% intraday high with the close fractionally lower at 0.73%. This was day six of the September rally, with the index up 3.12% for the month so far, the longest rally since the eight-day rally in early July. The popular financial press attributes the latest gains to relief that the odds of a US attack on Syria are fading.

The yield on the 10-year note closed at 2.96%, up 6 bps from Monday's close and 2 bps off its interim closing high last Thursday.

Here's a 10-minute look at the week so far.

S&P 500: 10 Minute
S&P 500: 10 Minute

Participation in yesterday's rally was better than Monday with the volume above its 50-day moving average.
S&P 500: Daily
S&P 500: Daily

The SPY ETF, which gives a better sense of trader mentality, was saw better volume than yesterday, although it remains a tad below its 50-day moving average.

The S&P 500 is now up 18.08% for 2013 and 1.50% below the all-time closing high of August 2.
S&P 500: Closes Since Oct. 2007
S&P 500: Closes Since Oct. 2007

S&P 500: Closes Since Oct. 2007 With MAs
S&P 500: Closes Since Oct. 2007 With MAs

For a better sense of how these declines figure into a larger historical context, here's a long-term view of secular bull and bear markets in the S&P Composite since 1871.

S&P 500 Snapshot: Day Six

Related Articles

Brian Gilmartin
Here's Why Apple Still Scares Me
By Brian Gilmartin - Apr 26, 2015

Apple (NASDAQ:AAPL), the iPhone, iMac and now Apple Watch giant, the all things consumer-technology related juggernaut, reports their Q2 ’15 financial results after the bell ...

S&P 500 Snapshot: Day Six

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Add Chart to Comment
Are you sure you want to delete this chart?
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?

Successfully Reported

Thank you. This comment has been flagged for a moderator.
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data .

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.