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 […]
By J Clinton Hill, Capital Markets Strategist @ Hillbent.com Market Condition: August 31, 2016 There will be no commentary for this evening’s report. (Please see our exchange traded fund summary below for a capital markets performance analysis.)
Market Condition Analysis No comments this evening… (Please see our ETF asset class performance summary below)
Commentary There will be no commentary summary for Monday’s report. Please see remarks for the Market Condition.
Commentary A holiday-shortened trading session rendered a quiet stock market. Therefore, today’s trading session opened and closed without incident. With the exception of WTI Crude Oil, Gold and Treasury Rates, there were no significant price changes in asset classes. Figuring out the rest of it I shall leave up to you and the Egg […]
Discombobulated Markets! Thursday and Friday’s combined sessions were almost akin to a slow motion flash crash minus the gut wrenching downward price spirals. The extreme volatility in the major currency markets was also unprecedented. As previously stated, the reaction to Mario Draghi’s ECB monetary policy announcement was irrational and overdone. However, it took investors a […]
Draghi’s Limp Stimulus Drags Down Markets This evening’s comments will be brief, if any at all. Today’s market was about as irrational as it gets. This time it was not Yellen who prompted the selling, but Europe’s chief central banker himself, Mario Draghi. Apparently he did not cut rates or increase QE stimulus enough and […]
Commentary No comments this evening from Hillbent… Market Breadth Advancers (459) vs. Decliners (37) New 5-day highs (18) vs. New 5-day lows (47) New 52-week highs (1) vs. new 52-week lows (14) Bullish reversals (80) vs. Bearish reversals (5)
Commentary No comments this evening from Hillbent… Market Breadth Market momentum hit some resistance today and took a turn towards inertia as breadth took on a more bearish tone. Advancers (264) vs. Decliners (232). New 5-day highs (103) significantly lagged the number of New 5-day lows (1) New 52-week highs (2) also trailed new […]
Commentary Thursday’s trading session distinguished itself as equities spent the first half of the day in positive territory before proceeding to give back most of their gains. Then suddenly, during the final hour of trading, the bulls stampeded over bears with an unrelenting willingness to buy the dips in a manner that made me wonder […]
Commentary Today’s rally mirrored the antithesis of Monday’s capitulation. However, before embarking upon the path of irrational exuberance, I would caution all that the stock market still needs to surmount key resistance levels. It takes time to heal from a mauling like the one recently exacted by bears.
Commentary Equities: Although performance was not robust, stocks bounced off their lows and finished at the upper end of their weekly trading range. Weekly percent changes: SP-500 (SPY) +0.39%;
Commentary and Performance Equities: Today the SP-500 (SPY) and Nasdaq-100 (QQQ) joined our canary in the coalmine, i.e. Russell-2000 (IWM), into bearish territory. All three major indexes were down on significantly higher volume as investors decided to not wait for the arrival of May to begin selling.