View From The Hill: January-8-2016

Posted on Posted in Views From The Hill

Commentary

bulls-and-bears4There will be no commentary summary for Friday’s report. Please see remarks for the Market Condition.

No further comments…

 


Performance Summary

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

vfth-performance-1-8-2016
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Market Condition

Selling begets selling and that is exactly what the market gave us for the final trading day of the week. The trends are extremely bearish and now that we have violated a key support level @ 1965 and are testing 1920, look to 1890 and 1860 as the next drop off points for capitulating sellers. Obviously the trend for the SP-500 remains bearish.

Today’s silver lining, which does not change my expectations for further price declines, is the oversold condition of this market. We are getting closer each selloff for a potential snapback rally. Until then, stayed Hillbent on the Market Direction…

 

Daily Chart Technical Analysis
sp500-daily-1-8-2016
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SP-500 Market Breadth
Advancers 75 Decliners 422
New 5-day highs 18 New 5-day lows 351
New 52-week highs 6 New 52-week lows 113
Bullish reversals 17 Bearish reversals 80

 

SP-500 Market Momentum
% > 20 M.A. % > 50 M.A. % > 100 M.A. % > 200 M.A.
10% ↓ 13% ↓
23% ↓
23% ↓
↑ = 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-1-8-2016
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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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