View From The Hill (December 15, 2015): Crude Oil Greases Wheels Of Stock Market

With that said I am still somewhat skeptical. Over a 3-day timeframe, only 28% of the SP-500 components are up in price on higher volume. In other words, there has not been much of a recovery in terms of breadth or volume dollars. Just be careful as this rally smells like a funky old bear-trap. I could be wrong and, if so, it would not be the first time. Nevertheless I advise caution.

Hillbent on the Market Direction…

Daily Chart Technical Analysis

sp500-daily2-chart-12-15-2015

Market Breadth
Advancers 408   Decliners 94
New 5-day highs 92   New 5-day lows 31
New 52-week highs 8   New 52-week lows 53
Bullish reversals 11   Bearish reversals 60
Market Momentum
% > 20 M.A. % > 50 M.A. % > 100 M.A. % > 200 M.A.
31% ↑ 39% ↑ 43% ↑ 42% ↑
↑ = 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-12-15-2015

 

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