S&P 500 Snapshot: Up 1.6% From Yesterday

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Includes: DDM, DIA, DOG, DXD, EEH, EPS, EQL, FEX, FWDD, HUSV, IVV, IWL, IWM, JHML, JKD, OTPIX, PSQ, QID, QLD, QQEW, QQQ, QQQE, QQXT, RSP, RWL-OLD, RWM, RYARX, RYRSX, SCHX, SDOW, SDS, SFLA, SH, SMLL, SPDN, SPLX, SPUU, SPXE, SPXL, SPXN, SPXS, SPXT, SPXU, SPXV, SPY, SQQQ, SRTY, SSO, SYE, TNA, TQQQ, TWM, TZA, UDOW, UDPIX, UPRO, URTY, UWM, VFINX, VOO, VTWO, VV
by: Doug Short

By Jill Mislinski

The S&P 500 seesawed this week and ended above where it began with a gain of 0.49% from last Friday. The index saw a gain of 1.66% from yesterday and is up 1.44% YTD. It is 4.81% below its record close.

The U.S. Treasury puts the closing yield on the 10-year note at 2.89%.

Here is a daily chart of the S&P 500. Today's selling puts the volume 9% below its 50-day moving average.

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:

Here's a table with the number of days of a 1% or more change in either direction and the number of days of corrections (down 10% or more from the record high) going back to 2013:

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

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

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.