View From the Hill: September-8-2016

Posted on Posted in Views From The Hill

By J Clinton Hill, Capital Markets Strategist @ Hillbent.com

Market Condition: September 8, 2016

bulls-and-bears4It looks like the market is approaching an inflection point and is becoming more vulnerable to a correction. The trends of equities remain bullish, but stocks are overbought too. For further details, see my Slippery Slope comments for the S&P 500. I have no further comments for this evening’s report. (Please see our exchange traded fund summary below for a capital markets performance analysis.)

 


ETF Market Performance: September 8, 2016

 

RS Exchange Traded Fund Last Chg % Chg
  Equities
94 DJ-30 Industrials (DIA) 184.83 -0.49 -0.26%
97 SP-500 (SPY) 218.51 -0.50 -0.23%
94 Nasdaq-100 (QQQ) 117.23 -0.69 -0.59%
99 Russell-2k (IWM) 125.19 -0.22 -0.18%
78 EAFE (EFA) 59.69 -0.17 -0.28%
98 Emerging Mkts (EEM) 38.01 -0.08 -0.21%
72 Europe FTSE (VGK) 49.93 0.01 0.02%
95 Latin America 40 (ILF) 29.09 -0.10 -0.34%
98 Brazil (EWZ) 35.10 0.14 0.40%
95 Japan (EWJ) 12.53 -0.06 -0.48%
96 Pacific Ex-Japan (EPP) 41.79 -0.20 -0.48%
87 FTSE China 25 (FXI) 39.02 0.37 0.96%
0 VIX Short-Term Futures (VXX) 33.51 0.10 0.30%
   
  Major Equity Sectors
86 Consumer Discretionary (XLY) 80.37 -0.70 -0.86%
81 Consumer Staples (XLP) 54.16 -0.30 -0.55%
99 Energy (XLE) 71.80 1.28 1.82%
92 Financials (XLF) 24.51 -0.01 -0.04%
77 Healthcare (XLV) 72.96 0.05 0.07%
95 Industrials (XLI) 58.77 -0.06 -0.10%
95 Materials (XLB) 48.86 -0.21 -0.43%
96 Technology / Info (VGT) 118.61 -1.01 -0.84%
78 Telecom (IYZ) 32.68 -0.01 -0.03%
78 Utilities (XLU) 50.35 0.17 0.34%
   
  Bonds & Fixed Income
77 20+ Yr Treasury (TLT) 137.79 -1.75 -1.25%
81 Aggregate Bond Fund (AGG) 112.22 -0.39 -0.35%
81 Treasury Inflation Protection (TIP) 115.88 -0.41 -0.35%
85 Investop Corp Bond (LQD) 122.74 -0.87 -0.70%
96 High Yield Corp Bond (HYG) 86.60 -0.16 -0.18%
82 Pimco Intermed Muni Bonds (MUNI) 54.98 -0.03 -0.05%
94 High Yield Muni (HYD) 32.28 -0.04 -0.12%
   
  Currencies
28 US Dollar Bullish (UUP) 24.57 0.03 0.12%
66 Euro Trust (FXE) 109.61 0.15 0.14%
86 Japanese Yen Trust (FXY) 94.21 -0.74 -0.78%
   
  Commodities
76 DB Commodity Index (DBC) 14.88 0.26 1.78%
88 Gold (GLD) 127.59 -0.68 -0.53%
39 US Oil (USO) 10.96 0.44 4.18%
   
  Real Estate
87 DJ Real Estate (IYR) 83.16 -0.97 -1.15%
87 DJ Home Construction (ITB) 28.88 -0.28 -0.96%
81 Residential Real Estate Index (REZ) 66.64 -1.07 -1.58%

 

Signing off @ Hillbent…

 

(For more a more detailed and extensive coverage of ETFs, please refer to our premium research service, ETF LookOut Points.)

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