View From The Hill: May-19-2016

Posted on Leave a commentPosted in Views From The Hill

Market Condition Analysis     The breakdown in equities across the board continues as almost all of the ETFs in our capital markets summary universe are trading below their 50-day moving averages and violating support at the 200-day moving averages as well.  One of the few exceptions has been the Energy sector (XLE) and Commodity […]

View From The Hill: BOJ Policy Decision Surprises Markets and Scares Investors

Posted on Leave a commentPosted in Views From The Hill

  Sometimes the best surprise is no surprise at all, but the Bank of Japan thought otherwise. It pitched the market a curve ball last night when it decided not to increase its QE stimulus program and leave rates unchanged. Instead, it decided give the negative interest rate policy it implemented in January more time […]

View From The Hill (Mar-14-2016): Equities Decouple From Oil and Take Cues From Central Banks

Posted on Leave a commentPosted in Views From The Hill

Commentary The decoupling between equities and energy is becoming more pronounced. Today, WTI Crude Oil fell nearly 3% as Iran refused to concede any production cuts until returning to its pre-sanction level of 4 million barrels per day. In lieu of this, equities barely budged as they await cues from Tuesday’s monetary policy announcement by the […]

View From the Hill (Feb-29-2016): SP-500 Retreat Underway?

Posted on Leave a commentPosted in Views From The Hill

Commentary Today, the SP-500 retreated below its 50 day moving average. Some media pundits downplayed the market’s negative performance by citing the relatively even breadth on the NYSE, i.e. 48% advancers vs. 49% decliners. However, the SP-500 told a completely different story with 26% advancers and 73% decliners. Considering that the majority of volume dollars […]

View From The Hill (Dec-23-2015): Crude Oil Leading the Market

Posted on Leave a commentPosted in Views From The Hill

Commentary With bulls putting together three back-to-back wins, a rally is in play. Santa’s early arrival has really stuffed it to the shorts . The flat Durable Goods report November-2015 (actual new orders @ 0.0%) had no bearing (pun unintended) on today’s session. Had someone told me a month ago that Crude Oil would be […]