View From The Hill: August-12-2015

Market Summary

News of China’s further devaluation of the Yuan upon evidence of continued economic weakness sent U.S. stock prices falling during the first hour of trading. However, the bulls made quick mincemeat of the bears and gored them into submission by pushing stocks into positive territory. Other asset classes which distinguished themselves were Gold (commodities) and Homebuilders (real estate) as the day’s top performers in the capital markets.

Market breadth for the SP-500 components was more or less evenly balanced between advancers (261) and decliners (246). New 5-day lows (266) outpaced new 5-day highs (81) while new 52-week highs (41) outnumbered new 52-week lows (25). Key bullish reversals (174) dominated key bearish reversals (9). Technical indicators are beginning to favor a bullish market condition.

Index

Price

Change

SP-500 2086.05 +1.98 / +0.10%
Nasdaq-100 4528.19   +14.20/ +0.31%
Russell-2k 1208.98 -2.16 / -0.18%
VIX 13.61 -0.10 / -0.73%
10 Yr Tsy Note Rate 2.13 0.00 / 0.00%
30 Yr Tsy Bond Rate 2.81 +0.01 / +0.36%
US Dollar Index 96.31 -0.86 / -0.89%
Gold (Cash) 1124.26 +15.61 / +1.41%
WTI Crude Oil 43.23 +0.11 / +0.26%
DJ Real Estate Index 295.12 +0.69 / +0.23%
DJ Homebuilders Index 596.17 +5.86 / + 0.99%

Volume Surging Stocks

Stock prices increasing on high volume

  • Fidelity Nat’l Information Services, Inc (FIS) @ 70.75 (+8.73%) on 348% volume surge
  • GOOG Inc (GOOG) @ 660.78 (+4.27%) on 149% volume surge
  • Computer Sciences Corp (CSC) @ 66.77 (+4.00%) on 246% volume surge
  • HCP, Inc (HCP) @ 39.59 (+4.07%) on 240% volume surge
  • Columbia Pipeline Partners, LP (CPPL) @ 19.79 (+3.94%) on 162% volume surge

Stock prices declining on high volume

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