The Market Direction…

>>>Market Condition Analysis>>> Highly regarded banking analyst, Meredith Whitney, upgraded Goldman Sachs to a buy and financial stocks were off to the races as today’s top market leading sector. Now that the stage has been set, the market will take the bulk of its cues from earnings as quarterly reports and guidance increase.

Volume was mixed on the two major exchanges: NYSE volume -0.92% below average and Nasdaq Composite volume +2.12% below average.

In terms of price volume analysis, amongst the Russell 3000 components, bulls controlled today’s market with 61% bullish accumulation (price up & volume down).

For changes to Monday’s trend analysis, please refer to trend monitor (see below).

Leading Industries: accident & health insurance; regional northeast banks; regional midwest banks; diversified investments; regional pacific banks; reit-office; surety & title insurance; regional southeast banks; regional midatlanctic banks; regional southwest banks

Lagging Industries: dairy products; internet service providers; hospitals; education & training services

Stocks Moving Up on Surging Volume

• Large Caps: AIG; BSX; HAR; SHW; NVLS; LXK;
  

• Mid Caps: OSIP; MVSN; NFLX; SGMS; DLX; TRN
  

• Small Caps: SNX; GBCI; SKX; VSEA; GB; SMRT; MKSI; TLGD; STL; CRVL; LDR; SWM; TQNT; OZRK
  

Stocks Moving Down on Surging Volume

• Large Caps: CIT; EXPD;
  

• Mid Caps: CPRT
  

• Small Caps: CELL; NSIT; ANDE
  

Market Summary

The DIA closed up +2.30% @ $83.31 and $0.08 below its high and $1.92 above its low. Volume  was +1.46% above average volume. Daily PMI* is @ 96.00 and weekly PMI* is @ 96.71.

The SPY closed up +2.43% @ 90.10 and $0.07 below its high and $2.51 above its low. Volume was -+4.42% above average volume. Daily PMI* is @ 97.29 and weekly PMI* is @ 97.79.

The QQQQ closed up +1.89% @ 35.58 and $0.00 below its high and $1.12 above its low. Volume was +10.05% above average volume. Daily PMI* is @ 100.00 and weekly PMI* is @ 99.23.

The IWM closed up +2.33% @ 49.22 and $0.03 below its high and $1.84 above its low. Volume was -7.20% below average volume. Daily PMI* is @ 98.40 and weekly PMI* is @ 89.24.

(*PMI measures and indicates strength of the underylying security’s trading range on a scale of 1-100.)

Market Condition and Trend Analysis

Market Momentum Analysis (Percentage of Stocks Trading Above Moving Averages)

Technical Support & Resistance Levels for Tuesday, July-14-2009

*Disclosures: Hillbent does not provide individualized market advice. The information we publish regards companies in which we believe our readers may be interested and our reports reflect our sincere opinions. Nevertheless, they are not intended to be personalized recommendations to buy, hold, or sell securities. Investments in the securities markets, and especially in options, are speculative and involve substantial risk. Each individual investor should determine their respective appropriate level of risk. It is recommended that you seek personal advice from your professional investment advisor and conduct further independent due diligence research before acting on information published in any of our reports. Most of our information is derived directly from information published by the companies on which we report and/or from other sources we deem to be reliable, without our independent verification.

Therefore, we cannot assure the completeness or accuracy of information contained within these reports and we do not in any way warrant or guarantee the success of any action which you take in reliance on our statements.

Hillbent.com, Inc. or its affiliates may own positions in the equities mentioned in our reports. We do not receive any compensation from any of the companies covered in our reports.