Bearish end to a bullish month

US equity indexes closed broadly lower, SPX -30pts (0.7%) at 4181. Nasdaq comp' -0.8%. Dow -0.5%. The Transports settled -0.5%.

SPX - daily5

VIX - daily3

Summary

US equities opened moderately weak note, with the SPX cooling to 4175 in the early afternoon.

Whilst earnings have been coming in superb for the tech giants, the market still isn't satisfied at times.

Sure, some companies have missed, but most of the time, its not that earnings were bad, but only that they were below expectations. 

The afternoon saw further weak leaning chop into the closing hour, with the SPX printing 4174, and settling at 4181. Volatility picked up... if only a little, the VIX settling +5.7% to 18.61.
--

... and April settles.

–
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

Just another new historic high

US equity indexes closed on a positive note, SPX +28pts (0.7%) at 4211. Nasdaq comp' +0.2%. Dow +0.7%. The Transports settled +0.9%.

SPX - daily5

VIX - daily3

Summary

US equities opened on a moderately positive, and it was enough for the SPX and Nasdaq comp' to print new historic highs. The opening gains were shaky though, with most indexes turning negative... if fractionally and briefly.

The afternoon saw a secondary swing upward, with the SPX settling at 4211, a level that many would have considered out of range for April, just a month or two ago.

Volatility was itself subdued, the VIX settling +1.9% to 17.61. Another weekly close under the key 20 threshold appears due.  
-

English Bluebells

–
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

Transitory

US equity indexes closed a little weak, SPX -3pts (0.1%) at 4183. Nasdaq comp' -0.3%. Dow -0.5%. The Transports settled -0.2%.

SPX - daily5

VIX - daily3

Summary

US equities opened in micro chop mode, but with the SPX printing a new hist' high of 4197. There was further chop into the 2pm press release from Print Central...

Powell believes inflation will just be... transitory

With Powell touting ongoing QE and ZIRP, the SPX pushed to 4201, if settling at 4183.

It should be clear, no matter how high inflation climbs this summer/autumn, the Fed will deem it 'transitory'.

 

How the sheep/serfs react to distinctly higher prices in the shops or at the gas station, will be fascinating to see.

Volatility was naturally subdued, the VIX settling -1.6% to 17.28.  

–
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

Tuesday churn

US equity indexes closed rather mixed, SPX -0.9pts (0.02%) at 4186. Nasdaq comp' -0.3%. Dow +0.01%. The Transports settled +1.4%.

SPX - daily5

VIX - daily3

Summary

It was another day of considerable churn, with the SPX settling effectively flat. 

Volatility remained subdued, the VIX settling -0.4% to 17.56.

–
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

Net bullish day

US equity indexes closed a little mixed, SPX +7pts (0.2%) at 4187. Nasdaq comp' +0.9%. Dow -0.2%. The Transports settled -0.2%.

SPX - daily5

VIX - daily3

Summary

It was a day of considerable micro chop, but the SPX still broke a new historic high, if only by 0.03pts to 4194.19.

Volatility picked up, but it was mostly due to the new week, VIX settling +1.8% to 17.64.
-

Another day closer to summer 2021

Cranes are bullish, yes?

 Full moon rising

 

100% bullish moon

–
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

Weekend update - US equity indexes

It was a mixed week for US equity indexes, with net weekly changes ranging from -0.5% (Dow), -0.2% (Nasdaq comp'), -0.1% (SPX), +0.1% (NYSE comp'), to +1.4% (Transports).

Lets take our regular look at five of the main US indexes

sp'500

Nasdaq comp'

Dow

NYSE comp'

Trans

–

Summary

Three US equity indexes settled net lower, with two net higher.

The Dow was the laggard, whilst the Transports managed significant gains.

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

–

Looking ahead

A very busy week is ahead, with some key econ-data, an FOMC, and a truck load of earnings.

Earnings:

M - TSLA, NXPI

T - GOOGL, MSFT, AMD, PINS, SBUX, FEYE, TXN, CROX, TER, V, UPS, GE, MMM, LLY, RTX, BP, HAS, WM

W - SHOP, SPOT, TEVA, HUM, YUM, SIRI, ADP, CME, TDOC, LOGI, NOW, EBAY, MGM, FB, F, AAPL, BA, QCOM

T - AMZN, CMCSA, CAT, MRK, MCD, OSTK, DPZ, BMY, MA, MO, TMO, NIO, TWTR, X, SKWS, GILD, WDC

F - CVX, XOM, ABBV, CLX, CL, AZN

-

Econ-data/events

M - Durable goods orders

T - Case-Shiller HPI, consumer con'

W - Intl' trade, EIA Pet'

*FOMC 2pm announcement. Press conf' 2.30pm. No change in policy can be expected. Remarks on inflation will be key, and the fed will likely claim any jump in prices will be a 'transient' issue.

T - Weekly jobs, GDP Q1 (print'1), pending home sales

F - Pers' income/outlays, consumer sent'.

*as Friday is end month, I would expect more dynamic price action on higher vol'.

-

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

--

*the next post on this page will likely appear 5pm EST on Monday.

Strength into the weekend

US equity indexes mostly closed significantly higher SPX +45pts (1.1%) at 4180. Nasdaq comp' +1.4%. Dow +0.7%. The Transports settled +1.4%.

SPX - daily5

VIX - daily3

Summary

US equities opened a little choppy, if leaning to the upward side, and built significant gains into the late afternoon. Meanwhile...

SpaceX/NASA mission to the ISS

 

The closing hour saw the SPX print a new historic high of 4194, if cooling back to 4180. Today's net gains made for an impressive rebound after the Thursday washout.

Volatility was ground lower into the weekend, the VIX settling -7.4% to 17.33.
-

 

A fine spring evening

Full moon is Apr'26th

–
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

Sporadic spooky news

US equity indexes closed broadly weak, SPX -38pts (0.9%) at 4134. Nasdaq comp' -0.9%. Dow -0.9%. The Transports settled -0.8%.

SPX - daily5

VIX - daily3

Summary

US equities opened in minor chop mode, but battled upward to 4179, just 12pts shy of last Friday's historic high.

Meanwhile...

--
Then a Bloomberg headline appeared suggesting that Capital Gains Tax is set to be massively increased. Mr Market sure didn't like that, seeing a very significant swing lower to sp'4123. 

There was a recovery into the close, but there is no decisive sign of a s/t floor, as Friday could easily open lower.

Volatility saw a spike on the CGT headline to 19.90, if settling +6.9% to 18.71.
-

A fine spring evening

Next full moon Apr'26th

A little closer

–
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

Midweek rebound

US equity indexes closed broadly higher, SPX +38pts (0.9%) at 4173. Nasdaq comp' +1.2%. Dow +0.9%. The Transports settled +1.0%.

SPX - daily5

VIX - daily3

Summary

US equities opened a little choppy, leaning on the weaker side, but all the bears could muster was sp'4126, before reversing upward. The market battled higher into the mid afternoon, settling on a broadly positive note to 4173.. just 18pts (0.4%) shy of last Friday's historic high.

Volatility opened to 19.29, but with equities rebounding, the VIX was ground lower, settling -6.3% to 17.50.
-

Moderately photoshopped

Full moon... April 26th

–
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

A second day of cooling

US equity indexes mostly closed lower, SPX -28pts (0.7%) at 4134. Nasdaq comp' -0.9%. Dow -0.7%. The Transports settled +0.6%.

SPX - daily5

VIX - daily3

Summary

US equities cooled for a second day, the SPX printing 4118, but recovering to settle at 4134. Volatility picked up, the VIX printing 19.70, and settling +8.0% to 18.68. 

For now, there is zero reason to see the past two days as anything other than a sporadic cooling wave from last Friday's historic high of 4191.
-

Summer is coming

Full moon will be April'26th

–
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