I had expected a dip to start off the day, what with the government shutdown and all the politics. However almost every analysts expected the same, so investors were hoping for a dip to jump into stocks. That didn’t happen. Instead stocks opened slightly higher and built on the morning open with a quick rally that took the S&P to 2820 by 10:30 with news of a probable temporary end to the government shutdown. An hour later saw a little dip which investors jumped on. That was short-lived and the S&P pushed above 2820 through the lunch hour. With no break back below 2820 stocks rallied into the close and ended above 2830. Overall it was a strong day. Overall investors were unconcerned about the government shutdown and of the opinion that an impasse would not last. They were right.
SPX 2 Day Intraday Chart
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