Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

S&P 500 Snapshot: Another Nowhere Day

By Doug ShortStock MarketsDec 30, 2013 11:14PM ET
www.investing.com/analysis/boe-england/metals-copper-dips-as-unrest-spurs-inflation-worries-197150
S&P 500 Snapshot: Another Nowhere Day
By Doug Short   |  Dec 30, 2013 11:14PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 

In my Friday market-close update I said that the S&P 500 went nowhere and that the 0.28% intraday range (percent change from the low to the high) was the smallest of 2013 ... that is, until yesterday. The index spent the day hovering just below Friday's closing price in a microscopic 0.20% range. For some context, the average intraday range this year has been 0.86%. The index closed the day with a tiny loss of 0.02%.

According to the U.S. Treasury, the yield on the 10-year note closed at 2.99%, three bps below its interim high on Friday.

Here is a 30-minute look at the past nine sessions, which includes the big post-FOMC rally on December 18th.

SPX 30 Minute Chart
SPX 30 Minute Chart

Volume yesterday was again at reduced holiday levels. The daily chart gives a clear look at the magnitude of the post-FOMC rally, which started with a bounce off the 50-day moving average, and the year-end pause (so far).
SPX Daily
SPX Daily

The S&P 500 is now up 29.09% for 2013 and 0.05% below the all-time closing high of December 26.
SPX Current Market Snapshot
SPX Current Market Snapshot

SPX Current Market Snapshot with MAs
SPX Current Market Snapshot 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: Another Nowhere Day
 

Related Articles

Blake Morrow
Disney Setting Up For Fresh Rally Leg By Blake Morrow - Jun 24, 2021

Walt Disney (NYSE:DIS) is setting up well for a fresh rally leg. Solid footing is in place near $168 (Feb/Mar lows). The stock is far from overbought (daily MACD=neutral).  A...

S&P 500 Snapshot: Another Nowhere Day

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.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • 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.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
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?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
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.
Continue with Google
or
Sign up with Email