View From The Hill: November-10-2015

Posted on Posted in Views From The Hill

Another Quiet Day

bulls-and-bears4It was another quiet day in the market. There will be no comments this evening. Below is our performance summary and market diary data.

The SP-500 closed  @ 2081.71 (+3.13 / +0.15%). The Nasdaq-100, weighed down by Apple Inc (AAPL) lagged @ 4641.73 (-13.79 / -0.30%) while the Rusell-2000 held @ 1187.70 (+3.27 / +0.28%).

The VIX closed @ 15.29 (-1.23 / -7.45%).

Treasury rates took a breather as the 10-Yr closed @ 23.22 (-0.20 / -0.85%) and the 30-Yr @ 30.94 (-0.12 / -0.39%).

The US Dollar Index resumed its upward march @ 99.18 (+0.17 / +0.17%).

Gold is finding some support as the selling has abated @ 1088.70 (+0.60 / +0.06%). WTI Crude Oil has now declined 5 consecutive days @ 43.63 (-0.24 / -0.55%).

The Dow Jones Real Estate Index @ 288.20 (+2.67 / +0.94%) is maintaining support at its 55-day moving average. Bouncing back with the strongest performance was the Dow Jones Home Construction Index @ 581.93 (+22.98 / +4.11%).

 


Market Condition

No one wants to sell right now in this market. The bears attacked but the bulls held their ground firmly.  Nevertheless, we are still below the channel and until the SP-500 can close above it, I will remain cautious.

Keep Hillbent for the Market Direction…

 

Daily Chart Analysis

sp500-daily-11-10-2015
Click to enlarge

 

Market Breadth
Advancers 310 Decliners 191
New 5-day highs 28 New 5-day lows 154
New 52-week highs 7 New 52-week lows 15
Bullish reversals 92 Bearish reversals 21

 

Market Momentum
% > 20 M.A. % > 50 M.A. % > 100 M.A. % > 200 M.A.
55% ↑
71% ↑
50% ↑
47%

 


 Volume Radar Alerts

 

Stocks prices increasing on high volume
Company Price % Chg Vol Surge %
Mallinckrodt PLC (MNK) 62.58 +7.88% 448%
D.H. Horton Inc (DHI) 31.15 +8.27% 222%
Kohl’s Corp (KSS) 45.60 +3.60% 118%
Nordstrom Inc (JWN) 64.73 +3.24% 94%
Macy’s Inc (M) 47.02 +1.69% 87%
Stock prices declining on high volume
Company Price % Chg Vol Surge %
Anadarko Petroleum Corp (APC) 63.42 -6.60% 273%
Plum Creek Timber REIT (PCL) 46.21 -2.22% 268%
Broadcom Corp Cl A (BRCM) 51.45 -3.27% 247%
Rockwell Automation Inc (ROK) 104.18 -3.35% 185%
Western Digital Corp (WDC) 63.58 -4.55% 88%

Market Moving Events

Bullish

  • Economy / Trade / USA: Import and Export Prices October-2015 continue to fall. Exports slid monthly @ -0.2% and annually @ -6.7%. Imports declined -0.5% monthly and -10.7% annually.

Bearish

  • Economy / Inflation / China: The Consumer Price Index for October-2015 yr/yr declined to 1.3% vs. consensus @ 1.4% and prior @ 1.6%. Monthly, it declined to -0.3% vs. prior @ 0.1%.
  • Economy / Inflation / China: The Producer Price Index for October-2015 yr/yr was unchanged @ -5.9% vs. consensus @ -5.9% and prior @ -5.9%. Monthly, it slid to -0.4% vs. prior @ -0.4%.

Neutral

  • Economy / Production / Europe: Industrial Production for September-2015 yr/yr was @ 1.8% vs. consensus @ 2.5% and prior revised @ 1.5%. Monthly, it increased slightly @ 0.1% vs. consensus @ 0.1% and prior revised @ 1.7%.

 


Notable Earnings

 

Pre-Market (Nov-5-2015)
Company Actual Estimates
N/A N/A N/A
After-Market (Nov-5-2015)
Company Actual Estimates
N/A N/A N/A

 


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.

 

Leave a Reply

Your email address will not be published. Required fields are marked *