Views From The Hill: August-19-2014

Posted on Posted in Views From The Hill

The markets are now beginning to take their cues from economic data. A strong Housing Starts report for the month of July-2014 laid the foundation for today’s trading and the SP-500 continued to narrow the gap between its current price and all-time high. There is no new geopolitical news of significance to report or sway the markets. Positive earnings reports from Home Depot (HD), TJX Companies (TJX) and Medtronic (MDT) also gave a boost to the market.

Although the SP-500 (SPY) gave us another positive performance, its Time Weighted Volume (TWV) continues to shrivel as buying demand contracts. The same could be said of the Nasdaq-100 (QQQ) and Russell-2k (IWM). In terms of strength, the most impressive group was the Home Construction Index (ITB).

(See performance results below.)

 

ETF Market Indices Last Net Chg % Chg Vol x 1000
SP-500 (SPY) 198.39 1.03 0.52% 59,506
Nasdaq-100 (QQQ) 98.7 0.55 0.56% 21,990
Russell-2k (IWM) 115.44 0.4 0.35% 22,692
Volatility (VXX) 27.5 -0.3 -1.08% 25,056
20-Yr+ Treasury Bond (TLT) 116.18 -0.36 -0.31% 5,937
US Dollar Index Bullish (UUP) 21.82 0.08 0.37% 374
Euro Trust (FXE) 131.38 -0.41 -0.31% 312
Japanese Yen (FXY) 94.68 -0.35 -0.37% 19
DB Commodities Index (DBC) 24.78 0.05 0.20% 871
Gold (GLD) 124.68 -0.28 -0.22% 5,050
US Oil (USO) 34.71 -0.35 -1.00% 4,028
DJ US Real Estate (IYR) 74.02 0.06 0.08% 7,927
DJ US Home Construction (ITB) 23.99 0.56 2.39% 5,528
Consumer Discretionary (XLY) 68.25 0.51 0.75% 3,988
Consumer Staples (XLP) 44.9 0.12 0.27% 2,739
Energy (XLE) 97.37 0.74 0.77% 5,998
Financials (XLF) 22.87 0.04 0.18% 20,190
Healthcare (XLV) 62.85 0.41 0.66% 4,166
Industrials (XLI) 53.82 0.13 0.24% 6,334
Basic Materials (XLB) 50.37 0.15 0.30% 3,211
Technology (XLK) 39.91 0.25 0.63% 5,342
Telecom (IYZ) 29.99 -0.14 -0.46% 698
Utilties (XLU) 42.39 0.53 1.27% 9,971

 

*For a more complete market summary and access to our proprietary indicators and opinions, consider a trial subscription to The SPY Report.

 

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