Not so pretty

US equity indexes closed somewhat mixed, SPX +7pts (0.1%) at 6843. Nasdaq comp' +0.1%. Dow +0.1%. The Transports settled +1.0%. R2K +0.04%

SPX - daily

VIX - daily

Summary

US equities opened choppy, with the SPX taking a swing lower to 6775. From there... a few bounce attempts, printing a high of 6866, and settling at 6843. Underlying price action is not so pretty, as net downside to around 6600 looks increasingly probable... whether next week, or first week of March.

Volatility saw an early high of 22.96, if cooling back to settle -1.5% to 20.29. 
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Weekend update - US equity indexes

It was a mixed week for US equity indexes, with net weekly changes ranging from -2.8% (Transports), -2.1% (Nasdaq comp'), 1.4% (SPX), -1.2% (Dow), -0.8% (R2K), to +0.3% (NYSE comp').

Lets take our regular look at six of the main US indexes (weekly candle charts)

sp'500

Nasdaq comp'

Dow

NYSE comp'

R2K

Trans

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Summary

Five US equity indexes were net lower for the week, with one net higher.

The Transports was very significantly lower, whilst the NYSE comp' was marginally higher.

The Dow, NYSE comp', and the Trans broke new hist' highs.  

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Looking ahead

It will be a short four day trading week, with Monday CLOSED for Washington's birthday.

Earnings:

M - $RNW $SON $AIBI $OTTR

T - $ET $MDT $SXC $LDOS $VMC $KRYS $CRNT $ECC $FLR $ETOR $HL $PANW $CDNS $DVN $EQT $SSRM $TOL $KVUE $MKSI $FE 

W - $ADI $SEDG $GRMN $MCO $LBTYA $PUMP $CSTM $VRSK $FVRR $ICL $KGC $CDE $PAAS $RGLD $EQX $CVNA $DASH $FIG $EBAY $RELY 

T - $WMT $AG $PWR $DE $LMND $KLAR $VC $W $DAVA $NICE $OPEN $RIG $NEM $AKAM $FIX $LYV $SFM $TXRH $CGAU $AXTI 

F - $AU $TLX $PQR $PPL $OIS $FLT $LAMR $HBM $WU $CCOI 

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Econ-data/events

M - *CLOSED*

T - Empire state manu'

W - Housing starts, building permits, durable goods orders, retail & wholesale invent', FOMC mins (2pm)

T - Weekly jobs, intl' trade, Phil' Fed manu', pending home sales

F - GDP Q4 (print'1), Pers' income/spending, PCE, PMI serv' & manu', new home sales, consumer sent', *OPEX*

As Friday is opex, I'd expect considerable chop on higher vol'  
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Have a good weekend

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*the next post on this page will likely appear 4.20pm EST on Tuesday, Feb'17th.
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Another red Thursday

US equity indexes closed significantly lower, SPX -108pts (1.6%) at 6832. Nasdaq comp' -2.0%. Dow -1.3%. The Transports settled -4.0%. R2K -2.0%

SPX - daily

VIX - daily

Summary

Equities opened a little higher, but much like Wednesday, saw an opening downside reversal. The SPX swung from 6973 to 6824, and settling significantly lower at 6832.

Volatility picked up, the VIX settling +18.0% to 20.82.  

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