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 […]

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

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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 […]

Qualifying and Quantifying Current Equity Market Risks

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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

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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 […]

Party for the Trump Rally Just Getting Started

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Market Condition   Commentary Analysis Technicals The SP-500 (SPY) has made 5 new consecutive highs since its breakout from a short-term period of consolidation. The trend remains bullish and has assumed a parabolic character by piercing through the resistance of its upper channel. At some point soon, I anticipate the SPY to pull back within […]

With Nothing Sticking to Trump, Stock Sellers Refuse to Dump

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Market Condition   Market Commentary One thing to note is that for all the instability and uncertainty created by the Trump administration’s first month in office, the markets have been anything but this. Instead, they have exhibited remarkable resilience as US stocks continue trending upward. One can throw just about any shit imaginable at POTUS […]

Weekly Investment Markets Performance Summary: January-27-2017

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Below is our weekly market summary and performance report for indexes representing the major asset classes. (See below)   For equities, this week’s top performers were the Dow Transports and the technology-weighted Nasdaq-100. However, all of the broad stock market indexes are exhibiting remarkable price resiliency as their Relative Strength (RS) rankings are all well […]

Despite Fed’s “Last Call”, US Stocks Advance On ECB’s QE After-Party

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By J Clinton Hill, Capital Markets Strategist @ Hillbent.com Investment Market Commentary US stocks continued advancing despite the Fed’s having given several “last calls” in preparation to shut down this party. The Dow-30 Industrials (DIA), SP-500 (SPY), and Russell-2000 (IWM) made new record highs and the Nasdaq-100 (QQQ) finished just 0.13% within breaking its on […]