S&P 500 Closes Out Q1 With A 5.5% Gain

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%.

S&P 500

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.

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 $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.

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