View From the Hill: SP-500 Overbought Market Still Requires Respect

Posted on Leave a commentPosted in Equities, Views From The Hill

Comments: The SP-500 (SPY) logged its 5th consecutive day and 4th consecutive week of new record highs. To state that equity markets are overbought would be an understatement. However, the recurring pattern in this market has been one of consolidation followed by breakouts, which represents a textbook confirmation of a bull market and should be respected by […]

Technology’s Capital Market Theme: Portfolio Protection With Cyber Security

Posted on Leave a commentPosted in Equities

In early September, Equifax (EFX) announced a security breach that occurred back in mid-May 2017 and was discovered in late July 2017. Just yesterday, WholeFoods, a recently acquired division of Amazon (AMZN), reported a hack that may have compromised its customer data. Other high profile hacks thus far in 2017 have been Chitpotle’s (CMG) Payment […]

View From the Hill: Look for the Devil in the Details of Tax Reform Plan

Posted on Leave a commentPosted in Views From The Hill

Comments Tax reform and a strong durable goods report were bullish catalysts for today’s equity markets. Taking exception were bonds, which made new lows as 10-year treasury rates confirmed a higher probability that Fed Chair Yellen will make good on yesterday’s word to hike in December. Consequently, US Dollar power surged to levels overwhelming the […]

View From the Hill: It’s All Fun and Games Until…

Posted on Leave a commentPosted in Bonds & Fixed Income, Commodities, Currencies & Forex, Equities, Real Estate, Views From The Hill

Going into the weekend the equity markets are delivering mixed results. Outside of Bonds, Utilities, and Real Estate, the Fed announcement on monetary policy and unwinding its balance sheet had very little effect from a weekly perspective. Today, it appears Geopolitics has re-emerged as a toxic cloud over the broad markets  as tensions between North […]

Unwinding The Fed’s Balance Sheet A Real High Wire Act

Posted on Leave a commentPosted in Bonds & Fixed Income

A review of the 10-year Treasury note’s weekly trading chart indicates that the secular bull market in bonds may have already concluded. Therefore, relief rallies should not be mistaken for encores and instead regarded as exit opportunities from the market gods. In fact, the most recent rally coming off of key support levels appears to […]

Currency Update: Be Wary of US Dollar Rally Against Japanese Yen

Posted on Leave a commentPosted in Currencies & Forex

Persistent US Dollar weakness has been commonly accepted. So, with last week’s bullish reversal in the USD/JPY (Dollar vs Yen forex pair) followed by today’s continuation pattern and new 1-month high, this post is more than a justifiable pause for the cause. Is this breakout legitimate? As the major trend still remains bearish, I am inclined […]

Energy Commodities Alert: Natural Gas Signaling Bullish Breakout

Posted on Leave a commentPosted in Commodities

The energy commodity, Natural Gas, has been trending downward since December-2016, but as of today the trend may be changing for both the futures contracts and its underlying exchange traded fund. The October-2017 contract cleared resistance above its 22-week average and is now looking to challenge resistance at the 55-week moving average. Meanwhile, the Natural […]

Qualifying and Quantifying Current Equity Market Risks

Posted on Leave a commentPosted in Equities, Views From The Hill

Given the fact that the bull market in equities has now extended 9 years since the March-2009 low and that the seasonally ominous month of October is arriving soon, I thought now might be appropriate to quantify (technical) and qualify (fundamental) some of the risks confronting the market. Below is a monthly chart of the […]

Getting Away From the Schism of Izzims

Posted on Leave a commentPosted in Politically Speaking, Views From The Hill

  Hmmmmm… No one has paid much attention to Lil’ Kim (Jong Un) lately since the recent tragic events involving alt-right white supremacists and alt-left protesters in Charlottesville, VA. POTUS Trump, an alternative-reality star in his own right (pun intended), adores being in the global spotlight and has garnered most of it. However, I wonder if […]

Weekly Capital Markets Technical Analysis Summary: June-2-2017

Posted on Leave a commentPosted in Views From The Hill

Stocks: US Equity indexes continued to make new highs, with exception of the Transports which are attempting a key bullish reversal after a recent price correction. Russell-2000 small caps also failed to achieve a new high and may be encountering some resistance. Lately, the real standout has been the interest rate sensitive Utilities index, which cleared […]