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 […]

View From the Hill: Positive Economic Data and Gains Misleading As Volume Says Otherwise

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Market Commentary: August-3-2016 Some positive economic data releases gave bears a chance to pause. Starting with Germany, which is the EU’s locomotive engine for growth, it reported robust PMI readings @ 55.3 for Composite levels and 54.4 for Services. Signs of expansion and ongoing strength were also apparent in the EU region overall based upon […]

View From The Hill: December-2-2015

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Yellen “Brings It” and Bulls “Leave It” With Selling Yellen emphatically declared to the market that she does not need a unanimous vote to return to a normalization of monetary policy. Inflation doves will argue that some slack exists in the Fed’s target inflation and that global economic weakness should not be ignored. However, Yellen isn’t interested […]

View From The Hill: November-19-2015

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Economic Data Continues To Support Recovery and Rate Hike Thursday’s economic data supported the Fed’s thesis of continual economic recovery as this week’s Jobless Claims report indicated a healthy labor market with unemployment claims at only 271k vs consensus @ 270k and previous @ 276k. Almost sealing the deal for an interest rate increase in December […]

View From The Hill: October-29-2015

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Commentary and Performance After digesting yesterday’s FOMC interest rate policy announcement, the market assigned a higher probability to a rate hike in December-2015 or early 2016. Today’s positive economic data may have exceeded any negative news, but the bearish overweight  of the GDP and Home Price Index reports were enough to neutralize any bullish considerations. […]

View From The Hill: October-23-2015

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Commentary and Performance Today’s positive economic data out of the USA and Europe combined with central banks’ global coordination to “stimuflate” their economies gave stocks another boost. The SP-500 closed @ 2017.15 (+22.64 / +1.10%) and the Nasdaq-100 settled @ 4624.09 (+120.87 / +2.68%). Small caps continue to struggle with clearing key resistance levels despite […]