US equity indexes closed mixed, SPX +15pts (0.2%) at 7429. Nasdaq comp' -0.2%. Dow +1.0%. The Transports settled -0.8%. R2K +0.2%
SPX – daily
VIX – daily
Summary
US equities opened choppy... leaning a little weak, but all the bears could manage was 7382. There was a bounce into the afternoon to 7452, and settling at 7429.
Volatility was a little mixed, the VIX settling -2.5% to 18.21.
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| Bullish moon |
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| Bullish air travel |
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US equity indexes closed rather mixed, SPX +1pt (0.02%) at 7413. Nasdaq comp' -0.2%. Dow +0.5%. The Transports settled -1.8%. R2K +0.7%
SPX – daily
VIX – daily
Summary
An opening high of 7480, but gains rapidly eroded to marginally red to 7382, and settling +0.02% to 7413. Today was the latest example of big money sellers into another bounce.
Volatility was mixed, an early low of 17.68, spiking to 19.93, settling +0.5% to 18.67.
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It was a bearish week for most US equity indexes, with net weekly changes ranging from -2.1% (Nasdaq comp'), -1.1% (Trans), -1.0% (R2K), -0.6% (SPX), -0.4% (Dow), to +0.7% (NYSE comp').
Lets take our regular look at six of the main US indexes
sp'500
Nasdaq comp'
Dow
R2K
NYSE comp'
Trans
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Summary
Five US equity indexes were net lower for the week, with one net higher.
The Nasdaq lead the way down, whilst the NYSE comp' was moderately higher.
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Looking ahead
An exceptionally busy week is ahead, with another truck load of earnings, and an FOMC that might see rates raised.
Earnings:
M - $AZN $BKR $BOH $ARLP $NE $KOF $HBT $PERF $BMRC $HOPE $APLD $NVTS $CLS $NUE $RMBS $ESI $AMKR $UHS $WHR $FFIV
T - $PYPL $BA $KO $UPS $DINO $GLW $JBLU $HUBB $CVLT $RCL $V $F $STX $ENPH $BE $KLAC $TER $TLRY $CAR $CAKE
W - $PG $SOFI $BSX $VRT $GNRC $FLEX $CTSH $ADP $HUM $MSFT $META $HOOD $ARM $QCOM $LRCX $CMG $AEM $FTNT $ORLY
T - $BMY $CI $MA $VLO $MO $STLA $PWR $OWL $RACE $AAPL $AMZN $RBLX $RDDT $AXTI $MTZ $DRH $RIVN $MMSI $HUN
F - $XOM $CVX $D $CCJ $MRNA $AN $ABBV $MGA $CHD $CL
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Econ-data/events
M - Durable goods orders
T - Wholesale & retail inventories, Case-Shiller HPI, consumer conf',
W - 2pm FOMC announcement. 2.30pm Press conf'
T - Q2 GDP (print'1), Pers' income/outlays, PCE, Weekly jobs,
F - Employment costs, Chicago PMI, consumer sent'.
*As Friday is end month, I'd expect dynamic price action 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 Monday.