S&P 500 Daily Price Recap
S&P 500 entered today at 2836.74 in US dollars, up 1.39% ($38.94) from the day prior. S&P 500 outperformed all 8 assets in the 8 major global equity indices asset class since the day prior. Congrats to its holders! Below is a daily price chart of S&P 500.
S&P 500 Technical Analysis
Moving average crossovers are always interesting, so let’s start there: S&P 500 crossed above its 50 day moving average yesterday. Volatility for S&P 500 has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 10 days S&P 500’s price has gone up 5 them.
Overheard on Twitter
Over on Twitter, here were the top tweets about S&P 500:
- From qckisa:
@FlyingMonekys I expect a decline as I posted here to 2500 on S&P 500 Index basis, but looking for any reason to get bullish. There’s none at this point. They did everything they could for now. But, forward multiples of 19x is NO GO, $SPX could not even get any close to 2950-3000 gap…
- From RecksterC:
$SPX Earnings Season Top Guns Report Next Week$GOOGL, $MSFT, $FB, $AAPL, $AMZN The big Ballers make up 18.5% of the S&P 500 indexS&P 500 200 Day EMA is on target to close out Q1 earnings
- From petenfl22:
BREAKING: Under new law enacted by the federal reserve banking act, all $spx investments are officially fdic insured, this includes all ~$24 trillion of the market cap of the current s&p 500 index