S&P 500 Wraps Up The Week With A Solid 1% Gain

Share This Article
January 28, 2017 12:16pm ETF BASIC NEWS

ETF BASIC NEWS | News, Ratings, and Charts

From Doug Short: Despite its fractional -0.09% Friday decline, the S&P 500 posted a weekly gain of 1.03% for the fourth week of 2017, ending two weeks of small declines. The index is up 2.50% year-to-date.

As the five-day snapshot illustrates, all of this week’s gains came on Tuesday and Wednesday, followed by a narrow trading range, mostly in the shallow red, on Thursday and Friday. In one respect, that Friday loss was surprisingly small given the disappointing 1.9% Advance Estimate of Q4 GDP and relatively weak headline Durable Goods. But the US equity market appears more aligned with the surge in post-election Consumer Sentiment.

Here is a snapshot of the past five sessions.

S&P 500

The U.S. Treasury puts the closing yield on the 10-year note at 2.48%, down one BP from the previous Friday close.

Here is a weekly chart of the index.

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.

S&P 500 Snapshot

The SPDR S&P 500 ETF Trust (NYSE:SPY) closed at $228.97 on Friday, down $-0.36 (-0.16%). Year-to-date, SPY has gained 2.43%.

SPY currently has an ETF Daily News SMART Grade of A (Strong Buy), and is ranked #1 of 109 ETFs in the Large Cap Blend ETFs category.

This article is brought to you courtesy of Advisor Perspectives.

5 WINNING Stock Chart Patterns

Read Next

Free Investing Ideas Newsletter!

Join over 70,000 investors who get the latest insights and top rated picks from our free investment newsletter.

Most Popular

7 Best ETFs for the NEXT Bull Market

Explore More from ETFDailyNews.com

Free Investment Newsletter

Join over 70,000 investors who get the latest insights and top rated picks from our free investment newsletter.

ETFDailyNews.com respects your privacy.

Best ETFs

We've rated and ranked nearly 2,000 ETFs and ETNs using our proprietary SMART Grade system.

View Top Rated ETFs

Best Categories

We've ranked dozens of ETF categories based on relative performance.

Best ETF Categories