View From The Hill: November-20-2015

Posted on Posted in Views From The Hill

Commentary

bulls-and-bears4

There will be no comments this evening, but please refer to our regular charts and tables for further market analysis and reference.

 

 

 

Performance Summary

 

  • Trends: ST = short-term; MT = Intermediate-term; LT = long-term
vfth-performance-11-20-2015
Click to enlarge

 

 

 

 

 

 

 

 

 

 

 

 Market Condition

The SP-500 bullish reversal rally remains intact. However, while momentum is positive, it is showing some signs of deceleration. Friday’s trading session may be attributed to profit taking as short-term oriented traders and robot programs elected to close positions before the weekend. There is still the overhanging resistance at the bottom channel of the previous upward channel that needs to be surmounted to sustain this run. There is a high probability we will see a confrontation between bulls and bears next week at this area and whichever side prevails will likely dominate the market direction for the remainder of the year.

Best wishes for a safe and enjoyable weekend from Hillbent…

 

Daily Chart Technical Analysis
sp500-daily-11-20-2015
Click to enlarge

 

 

Market Breadth
Advancers 325 Decliners 173
New 5-day highs 297 New 5-day lows 21
New 52-week highs 40 New 52-week lows 30
Bullish reversals 24 Bearish reversals 81

 

 

Market Momentum
% > 20 M.A. % > 50 M.A. % > 100 M.A. % > 200 M.A.
59%
70% ↑
54% ↑
50%
↑ = 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-11-19-2015
Click to enlarge

 

 

 

 

 


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 *