Saturday 18 May 2024

Weekend update - US equity indexes

It was a bullish week for most US equity indexes, with net weekly changes ranging from +2.1% (Nasdaq comp'), +1.9% (R2K), +1.5% (SPX), +1.2% (Dow, NYSE comp'), to -0.6% (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 higher for the week, with one net lower.

The Nasdaq lead the way up, whilst the Transports was moderately lower.

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

Looking ahead

Earnings:

M - $LI $WIX $PANW $ZM $TCOM $JHX $NDSN $KEYS $TRNS $TUYA $BEEM

T - $ZIM $M $LOW $AZO $EXP $PHGE $XPEV $TOL $MOD $VSAT $URBN $ALVO $SKY $XP

W - $TGT $TJX $ADI $LPG $WOOF $WSM $NVDA $SNOW $ELF $VFC $SNPS $SBLK $RAMP $SQM $SUPV $API

T - $RL $MAXN $TD $BJ $MDT $PSNY $NTES $TITN $DECK $INTU $ROST $WDAY $SVM $SOL $STEP $AMWD $CVCO $LGFA

F - BAH $MLAB

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Econ-data/events

M -

T -

W - Existing home sales, EIA Pet' (10.30am) FOMC mins (2pm)

T - Weekly jobs, PMI serv', PMI manu', new home sales

F - Durable goods orders, consumer sent'.

*As Monday May 27th is CLOSED, I'd expect the preceding Friday to be very subdued on low vol'.

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For details and the latest offers, see: https://www.tradingsunset.com

Have a good weekend
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*the next post on this page will likely appear 4.20pm EDT on Monday.

Friday 17 May 2024

Natural chop for OPEX

US equity indexes closed a little mixed, SPX +6pts (0.1%) at 5303. Nasdaq comp' -0.1%. Dow +0.3%. The Transports settled -0.4%. R2K +0.1%

SPX - daily

VIX - daily

Summary

US equities opened in minor chop mode, if leaning fractionally lower, the SPX settling at 5303. Volatility was ground lower into the weekend, VIX breaking a new low for the year of 11.91, and settling -3.5% to 11.99.
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The Parakeets will outlive the vaxxed scrubs


More X class flares are coming this summer


The sun sets... on the failed state of the UK


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

Goodnight from London
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Thursday 16 May 2024

Flying so high

US equity indexes closed a little weak, SPX -11pts (0.2%) at 5297. Nasdaq comp' -0.3%. Dow -0.1%. The Transports settled -0.1%. R2K -0.7%

SPX - daily

VIX - daily

Summary

US equities opened a touch higher, but it was enough to print a new hist' high of 5325. The afternoon saw a moderate cooling wave to settle marginally lower at 5297.

Volatility remained crushed, the VIX printing a new multi-month low of 12.33, and settling -0.2% to 12.42.
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Frankly, I can barely look! ... but its somewhat inspiring.

*It'd make for one hell of a way to escape a Tsunami.


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

Goodnight from London
--

 

If you value my work on Blogger, Twitter, and would like more of the same, then subscribe to my intraday service! For details and the latest offers, see: https://www.tradingsunset.com