View From The Hill: June-2-2016

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Market Condition Analysis Commentary No comments this evening…. Tomorrow will be an important day for both investors and traders as the eagerly awaited Non-Farm Payrolls report for May-2016 will be released and shed some clues on the data dependent Federal Reserve’s bias towards raising interest rates.   (See list of market moving events and asset […]

View From The Hill: May-12-2016

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  Yesterday, we saw signs of weakness from consumer and retail bellwethers, Disney (DIS); Macy’s (M) and Fossil (FOSL). Although still at historically low levels, today’s unexpected increase in Jobless Claims (week of May-7-2016) @ 294k vs. consensus @ 267k and previous @ 274k, along with a 10k plus uptick in its 4-week moving average, […]

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

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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 (Feb-23-2016): Equities Shadow Oil Price Moves and Surrender Support

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Commentary Saudi Arabia’s oil minister announced that it will not be cutting oil production and by doing so withdrew support from commodity energy prices. As the stock market has been shadowing oil’s every move, today’s selling of equities was no surprise. Besides, the recent stock market rally had encroached upon overbought territory rather quickly while […]

View From The Hill (Feb-10-2016): What Chair Yellen Is Not Telling…

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Commentary Investor concerns over the global economy, energy sector credit defaults amidst plummeting oil prices, and uncertainty of the Federal Reserve’s monetary policy bias continue to weigh on equities. Wednesday’s two failed intraday rallies reconfirmed that the bears are in control. Do not be deceived by the SP-500’s (SPY) relatively unchanged index price or its positive […]

View From The Hill (Feb-4-2016): Consolidation Could Be a “Morale” Victory

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Commentary As the US Dollar Index made a new 3-month low, stocks traded in narrow ranges relative to previously volatile sessions and changed very little percentage wise. Exceptions to this were the DJ-20 Transports, DJ-30 Industrials and the Russell-2000. Basic Materials and Industrials were the top two leading sectors while Consumer Staples, Consumer Discretionary and […]