US equity indexes closed on a positive note, SPX +16pts (0.25%) at 6716. Nasdaq comp' +0.5%. Dow +0.1%. The Transports settled +1.1%. R2K +0.6%
SPX - daily
VIX - daily
Summary
US equities opened moderately higher, with the SPX printing an early high of 6754, cooling to 6710, and settling at 6716. Volatility was lower for the sixth day of seven, the VIX settling -4.8% to 22.37
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| A fine Tuesday... with spring due Friday, 2.46pm GMT |
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US equity indexes closed broadly higher, SPX +67pts (1.0%) at 6699. Nasdaq comp' +1.2%. Dow +0.8%. The Transports settled +0.7%. R2K +1.0%
SPX - daily
VIX - daily
Summary
Whilst a fair number of the usual suspects were touting 'Black Monday' across the weekend, the reality was rather different. US equities opened broadly higher, with the SPX pushing to 6729, and settling at 6699.
Volatility was lower for the fifth day of six, the VIX settling -13.5% to 23.51.
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It was a bearish week for US equity indexes, with net weekly declines ranging from -3.9% (Trans), -2.1% (NYSE comp'), -2.0% (Dow), -1.7% (R2K), -1.6% (SPX), to -1.3% (Nasdaq comp').
Lets take our regular look at six of the main US indexes
sp'500
Nasdaq comp'
Dow
NYSE comp'
R2K
Trans
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Summary
All six US equity indexes were net lower for the week.
The Transports lead the way down, whilst the Nasdaq was most resilient.
All six indexes are trading under their respective weekly 10MA, and have negative weekly momentum.
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Looking ahead
Earnings:
M - $DLTR $VNET $SAIC $CTMX $BEKE $AGEN $FPS $TSQ $TLS $WW $SMTC $AGRO $CATX $PLBY $PRSO $SMC $TBRG $HFFG $GETY $ASRT
T - $ATAT $TME $TSAT $HUYA $GDS $ESLT $ASO $PSQH $OPTI $STIM $OKLO $LULU $DOCU $HQY $ZTO $TRVI $TTAM $IZEA $FLD $ANDG
W - $GIS $WSM $M $JBL $SAIL $TCEHY $UCL $WB $SPIR $HTHT $MU $RCAT $FIVE $ALVO $DLO $LIEN $USIO $PICS $SERA $HTFL
T - $BABA $ACN $LUNR $ARCO $CAL $CSIQ $AVAH $DRI $TITN $SIG $PL $FDX $FLY $GRWG $IDN $SCHL $YSS $ECOR $GEMI $ETON
F - $XPEV $ZGN $WWR $FUFU $MIST
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Econ-data/events
M - Empire state manu', indust' prod'
T - Pending home sales, home builder confi'
W - PPI, factory orders
*2pm FOMC announcement, with a press conf' at 2.30pm
T - Weekly jobs, Phil' Fed manu', wholesale invent', new home sales
F - Employment costs *QUAD-OPEX*
*Friday will be quadruple option expiration, expect considerable chop on very high vol'
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| It was the end of times, it was the best of times |
Have a good weekend... if you deserve it.
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*the next post on this page will likely appear by 4.30pm
EDT on Monday.