View From The Hill: November-6-2015

Posted on Posted in Views From The Hill

Commentary and Performance

bulls-and-bears4This evening’s comments will be extremely brief, if any at all.

The SP-500 was resilient once again @ 2099.20 (-0.73 / -0.03%). Finishing the day in positive territory were the the Nasdaq-100  @ 4707.23 (+4.33 / +0.09%) and the Rusell-2000 @ 1199.75 (+9.06 / +0.76%).

The VIX closed down  @ 14.33 (-0.72 / -4.78%).

Treasury rates are starting to gain some altitude rather quicker than usual as the great rotation of capital finally seems to be underway. The 10-Yr closed @ 23.88 (+0.88 / +3.92%) and the 30-Yr @ 30.89 (+0.76 / +2.52%).

The US Dollar Index has hardly any opposition since the Federal Reserve has clearly diverged from the globally coordinated central banks’ policy of easing. The eagle is free to soar and it did  @ 99.15 (+1.18 / +1.20%).

Gold ended lower for its 8th consecutive day @ 1088.90 (-14.10 / -1.28%). WTI Crude Oil initiated a new short-term downtrend as it closed the week @ 44.52 (-0.87 / -1.92%).

The Dow Jones Real Estate Index has broken it’s short-term uptrend and is now in bearish mode @ 289.53 (-8.54 / -2.87%). The same can also be said for the Dow Jones Home Construction Index which closed lower @ 567.90 (-5.51 / -0.96%).

 


Market Condition

The fact that the SP-500 has managed to hold onto most of its gains while being in an overbought condition is most impressive. This was a week of consolidation and it looks like the market has come to terms with the possibility of higher interest rates. I would have to call this one a victory for the bulls since they were able to remain within the channel. Let’s see how next week unfolds.

Best wishes for a safe and careful weekend from Hillbent…

 

 

Daily Chart Analysis

sp500-daily-11-6-2015
Click to enlarge

 

Market Breadth
Advancers 221 Decliners 279
New 5-day highs 117 New 5-day lows 176
New 52-week highs 51 New 52-week lows 16
Bullish reversals 77 Bearish reversals 41

 

Market Momentum
% > 20 M.A. % > 50 M.A. % > 100 M.A. % > 200 M.A.
65% 74% 52% 63%

 

 


Volume Radar Alerts

 

Stocks prices increasing on high volume
Company Price % Chg Vol Surge %
Synchrony Financial (SYF) 33.98 +4.20% 463%
Federated Investors B (FII) 31.98 +2.31% 322%
 Bruker Corp (BRKR)  20.97  +3.35%  302%
 Arista Networks Inc (ANET) 70.46 +13.72%  298%
 Teradata Corp (TDC) 28.83 +12.71%  262%
 Stock prices declining on high volume
Company Price % Chg Vol Surge %
HomeAway Inc (AWAY) 37.30 -7.10%  624%
Incyte Corp (INCY) 100.21 -14.17% 456%
Nu Skin Enterprises (NUS) 34.96 -10.82% 449%
Mohawk Industries Inc (MHK) 187.14 -5.23% 317%
The Hain Celestial Grp Inc (HAIN) 45.90 -4.20% 304%

Market Moving Events

Bullish

  • Economy / Employment / USA: The Employment Situation for October-2015 indicated Nonfarm Payrolls grew @ 271k vs. consensus @ 190k and prior revised @ 137k. The Unemployment Rate ticked down to 5.0% vs. consensus @ 5.0% and prior @ 5.0%. Average Hourly Earnings also increased 0.4% vs. consensus @ 0.2% and prior 0.0%. while the Average Hours per Workweek came in @ 34.5 hrs matched both consensus estimates and prior readings.

Bearish

  • Economy / Production / Europe: Industrial Production in Germany for September-2015 was weaker than expected month-over-month @ -1.1% vs. consensus @ 0.4% and prior revised @ -0.6%. Annually, it rose 0.2% vs. consensus @ 1.2% and prior revised @ 2.9%.

Neutral

  • Economy / Production / UK: Industrial Production in Great Britain for September-2015 was slightly under monthly expectations @ -0.2% vs. consensus @ -0.1% and prior revised @ 0.9%. Annually, it was @ 1.1% vs. consensus @ 1.3% and prior revised @ 1.9%. Manufacturing Output on a monthly basis came in @ 0.8% vs. consensus @ 0.5% and prior revised @ 0.4%. Annually, Mfg Output contracted @ -0.6% vs. consensus @ -0.8% and prior revised @ -0.9%.

 


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.

 

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