View From The Hill (Jan-7-2016): The Truth of the Matter

Posted on Posted in Views From The Hill

Commentary

bulls-and-bears4The China Yuan Syndrome is becoming somewhat of dead horse that is continually being beaten by the financial media talking heads. I am not going to write about it. I didn’t yesterday, but don’t worry I won’t mention “Lil’ Kim” Jong Un either. Sometimes the truth of the matter is that the best thing to do is to say or do nothing at all. Therefore, I have no new comments to add to this narrative. Below you will find my remarks on the Market Condition, which is always shifting and evolving.

No further comments…

 


Performance Summary

*Trends: ST = short-term; MT = Intermediate-term; LT = long-term

vfth-performance-2-7-2016
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Market Condition

Capitulation selling increased from yesterday but still nothing resembling cathartic proportions. Like I said, you can take the band-aid off slowly or you can rip it off suddenly. Either way, it’s going to hurt. It just depends on your tolerance for pain or denial.  The SP-500 is now extremely oversold, but the bears are not showing any signs of mercy. It’s a take no prisoners war out there.

I hate to say it, but the bulls may be required to retest support at the 1860 levels and make a stand there with a full metal jacket assault on the bears. The question begging to be answered is how much ammo is sitting in cash waiting to be deployed by portfolio managers? Hmmm….

Hillbent on the Market Direction…

 

Daily Chart Technical Analysis
sp500-daily-2016
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SP-500 Market Breadth
Advancers 44 Decliners 457
New 5-day highs 18 New 5-day lows 400
New 52-week highs 6 New 52-week lows 86
Bullish reversals 28 Bearish reversals 25

 

SP-500 Market Momentum
% > 20 M.A. % > 50 M.A. % > 100 M.A. % > 200 M.A.
16% ↓ 19% ↓
29% ↓
31% ↓
↑ = positive momentum; ↓ = negative momentum; and ↔ = neutral momentum

 


Volume Radar Alerts

  • Vol % = volume percentage greater than average volume
  • SIR = short interest ratio or days to cover
vfth-volume-radar-1-7-2016
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Disclaimer

Hillbent does not provide individualized market advice. The information we publish regards securities in which we believe our readers may be interested and our reports reflect our sincere opinions. Nevertheless, they are not intended to be personalized recommendations to buy, hold, or sell securities. Investments in the securities markets, and especially in options, are speculative and involve substantial risk. Each individual investor should determine their respective appropriate level of risk. It is recommended that you seek personal advice from your professional investment advisor and conduct further independent due diligence research before acting on information published in any of our reports. Most of our information is derived directly from information published by the companies on which we report and/or from other sources we deem to be reliable, without our independent verification. Therefore, we cannot assure the completeness or accuracy of information contained within these reports and we do not in any way warrant or guarantee the success of any action which you take in reliance on our statements. Hillbent.com, Inc. or its affiliates may own positions in the equities mentioned in our reports. We do not receive any compensation from any of the companies covered in our reports.

 

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