Monday 28 October 2024

A positive Monday

US equity indexes closed on a positive note, SPX +15pts (0.3%) at 5823. Nasdaq comp' +0.3%. Dow +0.6%. The Transports settled +1.2%. R2K +1.6%

SPX - daily

VIX - daily

Summary

US equities opened moderately higher, with the SPX printing 5842. There was a little afternoon cooling to settle at 5823. Volatility was ground lower, the VIX settling -2.6% to 19.80.


Extra charts in AH (usually around 5pm EDT) @ https://x.com/Trading_Sunset

Goodnight from London
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Saturday 26 October 2024

Weekend update - US equity indexes

It was a bearish week for most US equity indexes, with net weekly changes ranging from -3.0% (R2K), -2.7% (Dow), -2.2% (NYSE comp'), -1.7% (Trans), -1.0% (SPX), to +0.2% (Nasdaq comp').

Lets take our regular look at six of the main US indexes

sp'500

Nasdaq comp'

Dow

R2K

NYSE comp'

Trans

Summary

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

The R2K was powerfully lower, whilst the Nasdaq comp' was marginally higher.

The Nasdaq comp' broke a new historic high.

Looking ahead

A very busy week is ahead, with a truck load of earnings, and some key economic data.

Earnings:

M - $ON $PHG $CX $CNP $PRCT $AKR $BOH $SJW $F $TMDX $CDNS $WM $RMBS $VFC $FFIV $BRO $AMKR $UCTT

T - $MCD $PFE $RCL $SOFI $PYPL $BP $JBLU $CROX $THC $EPD $AMD $GOOGL $SNAP $CMG $V $FSLR $RDDT $QRVO $CB $ENVX 

W - $LLY $CAT $HUM $GPN $TRIN $BIBB $EAT $ADP $JKS $SAN $MSFT $META $COIN $HOOD $NOVDA $ETSY $RIOT $ROKU $CVNA $SBUX

T - $UBER $PTON $MRK $COP $SIRI $MO $MA $EL $K $NCLH $AMZN $AAPL $INTC $TEAM $ICFI $EGO $ARDX $AES $NINE $X

F - $CVX $XOM $D $W $FUBO $CHTR $OXLC $BFLY

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Econ-data/events

M -

T - Case-Shiller HPI, consumer conf', JOLTS

W - ADP jobs, GDP Q3 (print'1), Intl' trade, retail & wholesale invent', EIA Pet'

T -  Weekly jobs, Pers' income/spending, PCE, pending home sales

F - Monthly jobs, construction, ISM manu', vehicle sales

* UK/European clocks go back one hour at 2am, Sunday, Oct'27th.
The USA will follow Nov'3rd

**As Thursday is end month, I'd expect dynamic price action on high vol'.

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Have a good weekend
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*the next post on this page will likely appear 4.20pm EDT on Monday.

Friday 25 October 2024

Fading into the weekend

US equity indexes closed mixed, SPX -1pt (0.03%) at 5808. Nasdaq comp' +0.6%. Dow -0.6%. The Transports settled +0.2%. R2K -0.4%

SPX - daily

VIX - daily

Summary

US equities opened on a moderately positive note, with the Nasdaq comp' even breaking a new hist' high. The SPX saw a mid morning high of 5862, but there was some cooling to 5799, and settling at 5808.

Volatility was mixed, the VIX printing a low of 18.23, spiking to 20.51, and settling +6.5% to 20.33.


Extra charts in AH (usually around 5pm EDT) @ https://x.com/Trading_Sunset

Goodnight from London
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If you value my work on Blogger, X, and would like more of the same, then subscribe to my intraday service! For details and the latest offers, see: https://www.tradingsunset.com