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 | Â +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
