US equity indexes mostly closed on a weak note, SPX -24pts (0.3%) at 7728. Nasdaq comp' -0.6%. Dow -0.3%. The Transports settled -0.3%. R2K +0.3%
SPX – daily
VIX – daily
Summary
US equities saw considerable chop, if leaning on the weaker side. The SPX candle is bearish engulfing... suggestive the market will drop on the CPI data.
Volatility was muted, the VIX settling -1.2% to 15.28
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| The aerial giant |
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| Sunset... before the solar eclipse |
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US equity indexes closed a little weak, SPX -4pts (0.1%) at 7753. Nasdaq comp' -0.3%. Dow -0.1%. The Transports settled -0.6%. R2K -0.5%
SPX – daily
VIX – daily
Summary
US equities saw a day of considerable minor chop, if leaning a little weak.
Volatility picked up a little, the VIX settling +3.8% to 15.46.
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| A very nice August day |
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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
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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.
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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