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S&P 500 Wraps Up The Week With 0.8% Gain, New All-Time Highs

Saturday, February 11, 2017 6:09
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(Before It's News)

From Jill Mislinski: On Friday, the S&P opened higher than it reached all week and began rising within the first few hours. The index reached its intraday high in early afternoon and ended the day with a gain of 0.36% Week over week, the index saw a gain of 0.81% ending Friday with another record close.

S&P 500

The U.S. Treasury puts the closing yield on the 10-year note at 2.41%, down 0.08 from the previous Friday’s close.

Here is a daily chart of the S&P 500. We can see that Friday’s close reached another all-time high.

S&P 500

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 (NYSE:SPY) closed at $231.51 on Friday, up $0.91 (+0.39%). Year-to-date, SPY has gained 3.57%, versus a % rise in the benchmark S&P 500 index during the same period.

SPY currently has an ETF Daily News SMART Grade of A (Strong Buy), and is ranked #1 of 108 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)



Source: http://etfdailynews.com/2017/02/11/sp-500-wraps-up-the-week-with-0-8-gain-new-all-time-highs/

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