From Jill Mislinski: Despite Friday’s S&P 500 daily loss of 0.23%, its gains for Q1 came in at 5.5%. This week saw three consecutive days of small daily gains, with a week-over-week gain of 0.80%.

The U.S. Treasury puts the closing yield on the 10-year note at 2.40%.

Here is a daily chart of the S&P 500. Today’s selloff puts the volume 22% below its 50-day moving average.

A Perspective on Drawdowns

Here’s a snapshot of record highs and selloffs since the 2009 trough.

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.

The SPDR S&P 500 ETF Trust (NYSE:SPY) closed at $235.74 on Friday, down $0.55 (-0.23%). Year-to-date, the largest ETF tied to the benchmark S&P 500 index has gained 5.46%.

SPY currently has an ETF Daily News SMART Grade of A (Strong Buy), and is ranked #1 of 107 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)

Powered by WPeMatico