Saturday, 8 August 2026

Weekend update - US equity indexes

It was a bullish week for US equity indexes, with net weekly gains ranging from +5.2% (Nasdaq comp'), +3.6% (SPX, R2K), +3.0% (Dow), +2.2% (Trans), to +2.0% (NYSE comp').

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

sp'500


Nasdaq comp'

Dow

R2K

NYSE comp'

Trans

Summary

All six US equity indexes were net higher for the week.

The Nasdaq comp' lead the way up, with the NYSE comp' lagging.

The SPX, Dow, NYSE comp', and R2K broke new historic highs.

All six indexes are trading above their respective monthly 10MA, and have positive monthly momentum. 

Looking ahead

Earnings:

$BRK.B (Saturday) 

M - $CEVA $B $MNDY $CECO $RDNT $PERI $TNXP $BTDR $EMBJ $RKLB $ASTS $PLUG $QUBT $HIMS $GCTS $GPRO $USAR $NUS $AAON

T - $SE $CAH $VG $RXT $TME $HUYA $CRNT $MIDD $LAR $SMCI $CRWV $LITE $FLY $CAVA $BGS $FNV $AII $ABSI $QUIK 

W - $NBIS $ARCO $BETA $EAT $TRMB $AMCR $LQDA $BWAY $WYFI $RDCM $CSCO $INFQ $COHR $CBRS $ENVX $ALLO $HLIT $BSEM $STAA $RNXT 

T - $MLCO $LUNR $FRMI $AIT $JD $BLSH $ASND $TPR $XE $MDWD $AMAT $FIGR $GLOB $BEAT $PETS $SPRY $WKHS $TMC $FAC $GEMI

F - $OTLK $PAVM $LNZA $LFWD $ACXP $TMS $SIND $RMIX $QNRX 

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Econ-data/events

M - 

T - NFIB small busi' optimism, Existing home sales

W - CPI, EIA Pet', US t-budget (2pm)

T - PPI, weekly jobs

F - Retail sales, manu'/trade invent', consumer sent' 

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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

Friday, 7 August 2026

Positive into the weekend

US equity indexes closed on a positive note, SPX +47pts (0.6%) at 7757. Nasdaq comp' +1.3%. Dow +0.3%. The Transports settled +0.4%. R2K +1.1%

SPX – daily

VIX – daily

Summary

US equities saw considerable chop, if positive leaning, the SPX settling moderately higher at 7757.

Volatility was ground lower for the sixth day of seven, the VIX settling -1.6% to 14.90 



One of the giants descending into LHR


    Bullish... shadows


Another week settles

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Thursday, 6 August 2026

A typically red Thursday

US equity indexes closed on a weak note, SPX -13pts (0.2%) at 7409. Nasdaq comp' -0.1%. Dow -0.8%. The Transports settled -0.7%. R2K -0.5%

SPX – daily

VIX – daily

Summary

Equities opened a little choppy, but leaned lower into the afternoon, settling marginally lower at 7409.

Volatility was a little mixed, the VIX printing an opening high of 16.01, but settling lower for the fifth day of six, -4.2% to 15.15 


Bullish FedEx... although I'd favour UPS

Another fine golden hour

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