Risk Appetites Driven By Positive Earnings and Strong Economic Data

Posted Leave a commentPosted in Views From The Hill

Market Summary and Commentary The appetite for risk has not been abated and large-cap stocks continue to dominate market leadership as the SP-500 and Nasdaq-100 both made new highs once again. Interest rates for the 10-Year Treasury Note are beginning to reverse to the upside while the U.S. Dollar is preparing to test resistance @ […]

Corporate Earnings Supporting Stocks Against Geopolitical Risks

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Market Commentary Corporate earnings continue to drive the equity markets against a backdrop of unresolved geopolitical concerns in Gaza (Middle East Israeli-Palestinian conflict) and the Ukraine (Eastern Europe pro-Russian separatists vs. sovereignty of Ukraine). Out of the 16 S&P 500 companies which reported earnings resutls after the close of yesterday’s trading, 12 of them exceeded […]

Geopolitical Risks Shell-Shock Bulls Into Safety

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Commentary Despite the parade of positive earnings from bellwether stocks or data reflecting an improving labor market, today’s geopolitical events (see summary of bearish events below) were too much risks for bulls to ignore and shell-shocked many into the safety of bonds, cash, gold and crude oil. A price-volume analysis of today’s final hour of […]

Bearing the Pains of the Grains…

Posted Leave a commentPosted in Commodities

Wheat, corn and soybeans have all been in extended bear markets. From a technical analysis perspective, they have suffered major damage and are in free-fall or downward spiral. Driving this negative performance in grain commodities are fundamental agricultural conditions which continue to deliver record after record crop productions, thus creating a supply-demand imbalance. To further […]

Bullish and Bearish Market Events: July-16-2014

Posted Leave a commentPosted in Views From The Hill

  An overwhelming amount of positive economic news and earnings buoyed today’s stock market prices. The S&P 500 benchmark index closed @ 1981.57 (+8.29 / +0.47%) and continues to maintain its daily uptrend while currently undergoing a consolidation phase. The technology laden Nasdaq Composite closed @ 4425.97 (+9.58 / +0.22%) and appears to be consolidating […]

Stuff Worth Reading: July-16-2014

Posted Leave a commentPosted in Links We Hype

Here is the latest financial and journalistic pornography that I have recently consumed, along with my personal sidebar comments or insights. Today’s recommendations include topics ranging from current hiring trends in the financial banking sector; Barry Ritholtz’s insightful interview with Jeff Gundlach; escalation of the Israel-Hamas conflict; Wall Street’s proposal to overhaul its public market-data […]

Market Direction Notes: SP-500 Consolidation and Crude Oil Correction

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Equities SP-500: The weekly and monthly bullish channels for the benchmark index remain intact, but momentum is waning as the short-term uptrend was violated by bears on July-8-2014.  However, the lack of a follow-through capitulation portrays this secular bull market’s resiliency (hat tips to Alcoa (AA) positive earnings report on Wednesday and Wells Fargo’s (WFC) […]