A little glimpse into the world of yours truly...
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| 5.17pm GMT... a fine end to the day |
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| 2021 is little different to 2020 |
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| Looking for people sitting on park benches? |
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| The London skies are notably busier. |
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| Air China... on schedule |
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| Bullish drill rigs? |
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| Looking toward the city |
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| February ends... March to begin! |
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| Moon... zoom 160x |
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| The waning Moon... zoom 64x |
Yours... P
It was a bullish month for most world equity markets, with net monthly changes ranging from +6.1% (India), +4.7% (Japan), +3.5% (South Africa), +3.2% (USA, Russia), +2.6% (Germany), +2.5% (Hong Kong), +1.0% (Australia), +0.7% (China), to -4.4% (Brazil).
Lets take our regular look at ten of the world equity markets.
USA - Dow
Germany – DAX
Japan – Nikkei
Brazil – Bovespa
Russia - RTSI
India – SENSEX
China – Shanghai comp'
South Africa – Dow
Hong Kong – Hang Seng
Australia – AORD
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Summary
Nine world equity markets settled net higher for February, whilst one settled net lower.
India and Japan lead the way upward, whilst China and Brazil lagged.
The United States, German, and Indian markets broke new historic highs.
All ten world equity markets settled the month above their respective monthly 10MA, and I thus see the m/t trend in all ten as bullish.
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Looking ahead
Earnings:
M - WKHS, BRK-A, SSYS, FOLD, NIO, ZM, LMND, NVAX, SRPT
T - TGT, SE, KSS, ANF, FUBO, VEEV, JWN, AMBA, HPE, URBN, BOX
W - DLTR, WEN, EXK, SNOW, MRVL, SPLK, OKTA
T - KR, BJ, PRPL, CIEN, BZUN, COST, SDC, SWBI, AVGO, GPS, WORK
F - BIG
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Econ-data:
M - PMI/ISM manu', construction
T - Vehicle sales
W - ADP jobs, PMI/ISM serv'
T - Weekly jobs, productivity/costs, factory orders
F - Monthly jobs, intl' trade, consumer credit
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Final note
We're one sixth of the way through 2021. It should be clear as crystal, the collective of world equity markets are still broadly climbing. Whether you want to deem the central banks as responsible, the TINA (there is no alternative) trade, or just speculative hysteria... it doesn't matter. What does matter is the m/t trend is seen for what is it.... bullish.
Whilst there is increasing background chatter of an imminent 'crash', its mostly from the same lunatics who are always calling for such. There is currently no reason to expect anything other than a correction. Seasonally, equities are usually positive into and across the spring. The problems only tend to begin from around mid April onward.
Are we in a bubble? Sure its a bubble, as even some of the mainstream cheerleaders quietly admit to. Are we close to another giant collapse like last Feb>March? Right now, there is no reason to believe that.
I'd keep in mind, a great many stocks have massive technical 'open air' to far higher levels. In particular, energy and financials. I'd look to OXY, SLB, BAC and WFC.
As the sun sets on February, and our twisted 'reality' becomes ever more dystopian, I'll merely add... be careful out there in... the twilight zone.
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For details, and the latest offers: https://www.tradingsunset.com
Have a good weekend
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*the next post on this page will likely appear 5pm EST on Monday.
US equity indexes closed very significantly lower, SPX -96pts (2.4%) at 3829. Nasdaq comp' -3.5%. Dow -1.8%. The Transports settled -1.9%.
SPX - daily5
VIX - daily3
Summary
Wednesday settled s/t cyclically high, and the setup for Thursday always favoured the bears. Equities opened a little weak, and after a failed opening reversal, the market spiraled lower into the early afternoon.
The afternoon saw a bounce to 3827, but then another wave lower in the closing hour to 3814, with a mini ramp to settle at 3829.
Volatility picked up, the VIX peaking at 31.16, and settling +35.4% to 28.89.
Friday should be interesting... not least as February is due to settle.
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| Golden sunshine... all along the way |
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| G type star |
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| I call this.... 'Tree' |
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| Summer 2021 is coming! |
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| Full moon... the night of Feb'26/27th |
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Extra charts in AH (usually around 5pm EST) @
https://twitter.com/Trading_Sunset
Goodnight
from London
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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
US equity indexes closed significantly higher, SPX +44pts (1.1%) at 3925. Nasdaq comp' +1.0%. Dow +1.3%. The Transports settled +1.7%.
SPX - daily5
VIX - daily3
Summary
US equities opened on a weak note, but all the bears could manage was SPX 3858, before battling back upward into the late afternoon.
Powell appeared once more...
The afternoon saw the SPX print 3928, and settling at 3925, just 25pts (0.6%) shy of recent historic highs.
Volatility saw an spike to 25.04, but settling -7.7% to 21.34.
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| Bullish photo manipulation |
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| Full moon is Feb'27th |
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Extra charts in AH (usually around 5pm EST) @
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
US equity indexes closed mostly positive, SPX +4pts (0.1%) at 3881. Nasdaq comp' -0.5%. Dow +0.05%. The Transports settled +0.2%.
SPX - daily5
VIX - daily3
Summary
US equity indexes opened broadly weak, with the SPX spiraling to 3805.
Meanwhile...
... as the bigger the bubble, the bull maniacs are becoming ever more desperate for renewed upside. The CEO of Print Central duly appeared to answer questions from the political hacks...
Rather disturbingly, Powell was outright touting vaccinations as 'important' for the US economy. What next from the Fed? How about suggesting calorific intakes, or perhaps mandating thirty minutes of exercise each day?
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The market saw repeated bounce attempts into the mid afternoon, with the SPX turning marginally positive to 3895, and settling at 3881.
Volatility picked up, VIX seeing an early high of 27.01, if cooling back to settle -1.4% at 23.11.
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| A fine end to the day |
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| Green shoots |
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| Full moon is Saturday Feb'27th |
–
Extra charts in AH (usually around 5pm EST) @
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
US equity indexes closed very mixed, SPX -30pts (0.8%) at 3876. Nasdaq comp' -2.5%. Dow +0.1%. The Transports settled +0.8%.
spx - daily5
VIX - daily3
Summary
US equities began the week on a weak note, lead lower by the Nasdaq.
Meanwhile...
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| NASA rover - Perserverance |
NASA image archive: https://mars.nasa.gov/mars2020/multimedia/raw-images
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The afternoon saw a recovery to 3902... if leaning distinctly weak into the close.
Volatility saw an early high of 24.38, and settling +6.3% to 23.45.
Special note...
Interstella 5555 is a masterpiece... not least with its accompanying mini movie. With the duo of Daft Punk having announced they have ended, the final scene takes on even more meaning.
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Extra charts in AH (usually around 5pm EST) @
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
It was a mixed week for US equity indexes, with net weekly changes ranging from +0.7% (Transports), +0.1% (Dow), -0.04% (NYSE comp'), -0.7% (SPX), to -1.6% (Nasdaq comp').
Lets take our regular look at five of the main US indexes
sp'500
Nasdaq comp'
Dow
NYSE comp'
Trans
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Summary
Two US equity indexes settled net higher for the week, with three net lower.
The Transports managed a moderate gain, whilst the Nasdaq was sig' lower.
All five indexes broke new historic highs.
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Looking ahead
A pretty busy week is ahead, with Powell testifying to the US house/senate, which will garner considerable media coverage.
Earnings:
M - RCL, DISH, KBR, DISCA, OXY, MRO, PANW, ZI, RIG, FANG
T - HD, M, CROX, MDT, SQ, INTU, TOL
W - JMIA, OSTK, LOW, BHC, TJX, NVDA, TDOC, RDFN, BILI, LB, VIAC
T - MRNA, PLUG, CLF, W, LI, BBY, NCLH, DPZ, CRM, RKT, ETSY, BYND, VALE, SPCE, NKLA, FSLR, WDAY, ABNB
F - DKNG, CRON, FLR, FL, EOG, AMCX
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Econ-data/events
M - Leading indicators
T - Case-Shiller HPI, FHFA HPI, Consumer confidence
Powell testifies (10am>).
W - New home sales.
Powell testifies (10am>).
T - Weekly jobs, GDP Q4 (print 2), Durable Goods Orders, Pending home sales
F - Pers' income/outlays, Intl' trade, Chicago PMI, consumer senti'
*As Friday is the last trading day of February, expect somewhat higher vol'
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| Another sunset closer to summer 2021 |
What more should be said? With a new historic high of sp'3950, it was just another week for the equity bulls, as the m/t bullish trend remains strong.
There is the ongoing C19 issue of course, but we can't talk about that here. If you believe in freedom of speech, liberty, and other such things, well... you know where to find me... in the twilight zone.
If you value my work on Blogger, Twitter, and want more of the
same, subscribe to my intraday service! 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 5pm EST on Monday.