Saturday 24 February 2024

Weekend update - US equity indexes

It was a bullish week for most US equity indexes, with net weekly changes ranging from +1.9% (Trans), +1.7% (SPX), +1.4% (Nasdaq comp'), +1.3% (Dow), +1.2% (NYSE comp'), to -0.9% (R2K).

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 saw net weekly gains, with one net lower.

The Transports lead the way up, whilst the R2K was broadly lower.

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

Looking ahead

We've another truck load of earnings, but most of them are mid/low tier names that few will have any interest in.

Earnings:

M - LI, DPZ, BRK.B, KRYS, AMR, ITRI, FIS, FRPT, PPC, SGRY, U, ZM, WDAY, HIMS, OKE, IRBT, CARG, SBAC, EVBG, HEI

T - NCLH, AZO, LOW, TREE, AEP, FOUR, CBRL, AMT, M, BNS, DVN, FSLR, CAVA, RKLB, ARRY, AXON, BYND, LMND, SPLK, SPCE

W - BIDU, NVAX, AAP, IEP, TJX, VTRS, ACMR, FLGT, TGTX, EME, CRM, MARA, SNOW, AMC, AI, PARA, OKTA, IONQ, WW, DUOL

T - CELH, CNQ, MLCO, BBY, CRON, BIRK, PSNY, BUD, BBWI, SIX, ZS, DELL, SOUN, FSR, DNA, ADSK, GRBK, HPE, VEEV, ESTC

F - PLUG, FUBO, TDW, RPID, RDNT, AY, INTT, AMRX

-

Econ-data/events

M - New home sales

T - Durable goods orders, Case-Shiller HPI, consumer conf'

W - Q1 GDP (print'2), intl' trade, retail/wholesale invent', EIA Pet'

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

F - -

*as Thursday is end month, I'd expect more dynamic price action on higher vol'.
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Have a good weekend... if you deserve it (most of you don't)
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*the next post on this page will likely appear 4.20pm EST on Monday.

Friday 23 February 2024

The 5100s

US equity indexes mostly closed a little higher, SPX +1pt (0.03%) at 5088. Nasdaq comp' -0.3%. Dow +0.2%. The Transports settled +0.6%. R2K +0.3%

SPX - daily

VIX - daily

Summary

US equities opened on a positive note, the SPX printing a new historic high of 5111. From there... considerable minor chop, if leaning on the weaker side to 5081, and settling at 5088. Volatility was ground lower into the weekend, the VIX settling -5.4% to 13.76
-

99.5%


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

Goodnight from London
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Thursday 22 February 2024

Twelve years a posting

US equity indexes closed SPX +105pts (2.1%) at 5087. Nasdaq comp' +3.0%. Dow +1.2%. The Transports settled +1.5%. R2K +0.8%

SPX - daily

VIX - daily

Summary

US equities opening significantly higher, with the SPX printing a new hist' high of 5094, and settling at 5087. Volatility was crushed back lower, the VIX settling -5.2% to 14.54.
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I present to you, the Biden... 


Funny... if equally pathetic.
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Twelve years a posting

Post 1, Feb'22nd 2012... 

https://permabeardoomster.blogspot.com/2012/02/can-anyone-fly-plane.html

... back when SPX was printing 1357. 

 


I've not had a week off since that first post, and it shows, as I'm beyond burnt out. 
Death would be a far better place for yours truly, as life on planet Krazy is more worse with each day. 

Goodnight from London