Market Condition Summary The major indexes are responding bullishly to what appears to be the eventual passage of tax reform legislation that favors corporations and enhanced profit opportunities for publicly traded companies. From a technical perspective, the markets are flashing overbought signals and appear to be getting ahead of themselves. At the very least, […]
By J Clinton Hill, Capital Markets Strategist @ Hillbent.com ETF Market Commentary So, shall we begin? Investors appeared to show signs of a sated appetite for US equities. Small-cap stocks, as represented by the Russell-2000 (IWM), fared 3 to 4 times worse than their larger-cap brethren. Energy (XLE) was also a significant pocket of weakness […]
By J Clinton Hill, Capital Markets Strategist @ Hillbent.com ETF Market Commentary Due to schedule conflicts, tonights comments will be brief. In fact, there will be none other than the observation that the momentum in stocks continues to attract buyers and Elliot’s new highs are waving good bye to the old highs. Volume continues to […]
Weekly volume on the small-cap Russell 2000 exchange traded fund (IWM) @ 96.3 million shares was well below its 50-week moving average @ 150.6 million. It was up +0.53% for the week. On a positive note, the majority of its most liquid components are trading well above the key psychological support level of their […]
Market Condition for Russell 2000 Is it time to exit the mine if the canary is no longer singing? The Russel-2000 (IWM) has consistently made a series of lower highs and the surrender of support at its 10-week and 40-week moving averages does not bode well for it either. It is currently trading […]
Commentary and Performance Summary Due to a conflict schedule, there will be no comments this evening. The SP-500 has now closed down 5 out of the last 6 trading sessions @ 2075.00 (-6.71 / -0.32%). The Nasdaq-100 finished the day @ 4636.94 (-4.79 / -0.10%) and the Rusell-2000 ended @ 1178.07 (-9.63 / -0.81%).
Another Quiet Day It was another quiet day in the market. There will be no comments this evening. Below is our performance summary and market diary data. The SP-500 closed @ 2081.71 (+3.13 / +0.15%). The Nasdaq-100, weighed down by Apple Inc (AAPL) lagged @ 4641.73 (-13.79 / -0.30%) while the Rusell-2000 held @ 1187.70 (+3.27 / +0.28%).
A Second Look In the Mirror? Without much data to move the markets, investors took a second look in the rear view mirror and fixated on the implications of last week’s strong employment numbers. At least that appears to be the case for now. In addition to this, China’s latest trade balance report shows it […]
It is often said that if you don’t have anything good to say, then it is best not to say anything at all. For that very reason, I have not devoted a lot of coverage to small cap stocks. Well, today that changes as the latest market diagnosis for the Russell-2000 merits the attention of […]
Below are our weekly technical analysis charts for the major equity indices: SP-500; Nasdaq Composite; Nasdaq-100; Russell-2000; DJ Industrials; DJ Transports; and DJ Utilities.
Commentary Equities: The SP-500 (SPY) and Nasdaq-100 (QQQ) are both testing key resistance levels and, if they successfully pass, we could see a continuation move to new record highs. Small cap stocks continue to recover as the Russell-2000 (IWM) has
Here is our weekly technical analysis slide show of charts for the major equity indices: SP-500; Nasdaq Composite; Nasdaq-100; Russell-2000; DJ Industrials; DJ Transports; and DJ Utilities.
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 […]