No comments this evening. Please see summaries below for Performance and Market Condition.
*Trends: ST = short-term; MT = Intermediate-term; LT = long-term
Today’s market induced more panic selling as trading in nearly half of the SP-500’s components exhibited further signs of capitulation trading. Although the market has successfully tested its previous lows @ 1810, the bears remain in control. Bulls are currently trying to maintain support @ 1860-1870 levels and so far are doing so.
Until the trends change and depending upon which side you prefer to trade, avoid or embrace the bear.
Hillbent on the Market Direction…
|Daily Market Condition Summary|
Volume Radar Alerts
- Vol % = volume percentage greater than average volume
- SIR = short interest ratio or days to cover
|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.|