US equity indexes mostly closed on a positive note, SPX +21pts (0.3%) at 7405. Nasdaq comp' +0.9%. Dow -0.2%. The Transports settled +1.0%. R2K +0.9%
SPX – daily
VIX – daily
Summary
US equities opened broadly higher, but all the bulls could manage was 7466. There was cooling to 7395, and settling at 7405. The black candle doesn't bode so great for Tuesday.
Volatility was knocked lower, the VIX printing 17.94, but recovering to settle -12.0% at 18.92. -
It was a bearish week for most US equity indexes, with net weekly changes,
ranging from -4.7% (Nasdaq comp'), -3.0% (R2K), -2.6% (SPX), -0.3% (Dow), -0.15% (NYSE comp'), to +2.3% (Trans).
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 Nasdaq was powerfully lower, whilst the Transports was sig' higher.
The SPX, Nasdaq, Dow, and R2K broke new historic highs.
All six US equity indexes are trading above their respective monthly 10MA, and have positive monthly momentum.
T - NFIB optimism, Intl' trade, existing home sales, wholesale invent'
W - CPI, US T-budget (2pm)
T - PPI, weekly jobs
F - Consumer sent', *SpaceX IPO*
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a good weekend --
*the next post on this page will likely appear 4.20pm EDT on
Monday.
US equity indexes mostly closed rather powerfully lower, SPX -200pts (2.6%) at 7383. Nasdaq comp' -4.2%. Dow -1.3%. The Transports settled +0.6%. R2K -3.5%
SPX – daily
VIX – daily
Summary
US equities opened broadly lower on the jobs data... net monthly change: 172k vs 179k (revised from 115k)... which was better than the 80K expected. A case of 'good news is bad news'.
There were a few bounce attempts, but the market slid across the day, settling rather powerfully lower at 7383.
Volatility spiked, the VIX printing settling +39.7% to 21.51. -
