View From The Hill: August-14-2015

Posted on Posted in Views From The Hill

Market Summary

The overall market condition for the S&P 500 equity benchmark index remains neutral or better yet, bipolar. In what proved to be a confusingly volatile week of trading, investors could not decide whether to be bullish or bearish. The net result was very little change in value. Sometimes the best thing to do is nothing at all, but it is not always the easiest. For the week, tangible assets became an acquired taste as the Dow Jones Real Estate, Dow Jones Homebuilders and Gold took the honors in terms of performance leadership.

Looking under the hood of Friday’s trading session, market breadth for the SP-500 components was positive: advancers (381) vs. decliners (116). New 5-day highs (106) more than doubled the number of new 5-day lows (45) and new 52-week highs (51) were greater than new 52-week lows (35). Key reversals favored the bulls (101) over the bears (8) today.

Index

Price

Change

SP-500 2091.54 +8.15 / +0.39%
Nasdaq-100 4530.74 +11.4/ +0.25%
Russell-2k 1212.69 +7.95 / +0.66%
VIX 12.83 -0.66 / -4.89%
10 Yr Tsy Note Rate 2.19 +0.01 / +0.46%
30 Yr Tsy Bond Rate 2.84 -0.01 / -0.35%
US Dollar Index 96.52 +0.14 / +0.15%
Gold (Cash)
1114.61 -0.19 / -0.02%
WTI Crude Oil (Cash)
42.47 +0.22 / +0.52%
DJ Real Estate Index 297.03 +1.68 / +0.57%
DJ Homebuilders Index 606.18 -1.02 / – 0.17%

Volume Surging Stocks

Stock prices increasing on high volume
  • Sysco Corp (SYS) @ 41.38 (+7.42%) on 256% volume surge
  • Nordstrom Inc (JWN) @ 78.13 (+4.28%) on 412% volume surge
  • Hanesbrand Inc (HBI) @ 30.32 (+1.44%) on 90% volume surge
  • Cerner Corp (CERN) @ 64.25 (+2.16%) on 71% volume surge
  • Perrigo Co PLC (PRGO) @ 196.00 (+1.82%) on 64% volume surge
Stock prices declining on high volume
  • Wyndham Worldwide (WYN) @ 79.03 (-1.70%) on 112% volume surge
  • Applied Materials Inc (AMAT) @ 16.64 (-2.40%) on 110% volume surge
  • Marathon Oil Grp (MRO) @ 17.40 (-3.44%) on 64% volume surge

Market Moving Events

Bullish

  • Economy / Productivity / USA: July Industrial Production increased +0.6% vs. consensus @ +0.4% as capacity utilization climbed to 78%.

Bearish

  • N/A

Neutral

  • Economy / Inflation / USA: Producer Prices for July-2015 came in at 0.2% mth/mth vs. forecasts @ 0.1%. Annually, they declined to 0.8% but core prices increased 0.9%.
  • Economy / Consumer / USA: Consumer Sentiment, according to the University of Michigan’s survey, dipped slightly for August to 92.9 vs. July @ 93.1. However, it did exceed expectations @ 92.8

 

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