August settles

US equity indexes mostly closed on a weak note, SPX -6pts (-0.1%) at 4522. Nasdaq comp' -0.04%. Dow -0.1%. The Transports settled -1.2%. R2K +0.2%

SPX - daily5

VIX - daily3

Summary

US equities ended the month with considerable minor chop, if mostly leaning on a weak note. Volatility was naturally subdued, the VIX settling +1.8% to 16.48.

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

Goodnight from London
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Net bullish Monday

US equity indexes closed rather mixed, SPX +19pts (0.4%) at 4528. Nasdaq comp' +0.9%. Dow -0.2%. The Transports settled -0.5%. R2K -0.4%

SPX - daily5

VIX - daily3

Summary

It was a mixed start to the week, as whilst some indexes settled net lower, the SPX did manage to print yet another new historic high. By default, a new historic high made it a net bullish Monday.

Volatility was itself very subdued, the VIX settling -1.2% at 16.19.

–
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Goodnight from London
--

 

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Weekend update - US equity indexes

It was a bullish week for US equity indexes, with net weekly gains ranging from +5.0% (R2K), +2.8% (Nasdaq comp'), +2.4% (Trans), +2.0% (NYSE comp'), +1.5% (SPX), to +1.0% (Dow). Near term outlook offers upside into and beyond the Labor day holiday break.

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

sp'500

Nasdaq comp'

Dow

NYSE comp'

R2K 

Trans

–

Summary

All six US equity indexes settled net higher for the week.

The R2K lead the way higher, with the Dow lagging.

The SPX and Nasdaq comp' broke new historic highs.

More broadly, all six US equity indexes are holding above their respective monthly 10MA, and I thus see the m/t trend as bullish.

–

Looking ahead

Earnings:

M - ZM

T - FUTU, LI, NET, PVH, AMBA, CAL

W - CPB, CHWY, SWBI, OKTA, FIVE, VEEV, NTNX

T - SIG, LE, HRL, DOCU, AVGO, HPE

F -

-

Econ-data/events

M - Pending home sales

T - Case-Shiller HPI, Chicago PMI, consumer con'

W - ADP jobs, PMI/ISM manu', construction, vehicle sales, EIA Pet'

T - Weekly jobs, intl' trade, productivity/costs, factory orders

F - Monthly jobs, PMI/ISM serv'

*As Tuesday is the end of the month, I'd expect more dynamic price action on higher vol'.

**As Monday September 6th is CLOSED for Labor day, once Friday's econ data is out of the way, I'd expect considerable chop on light vol'.

Final note 

It was a week for the equity bulls, not least with a couple of index historic highs. I remain aware of the background 'crash chatter', and I still see that as crazy talk from the usual suspects. Those lunatics would do well to go stare at the IWM/R2K chart for a good thirty minutes or so.

Indeed, two key price thresholds I would keep in mind are the 2340s for the R2K, and the $77s for WTIC. If either are printed it will bode powerfully bullish for the broader market, and for the record, I do expect to see both.

For more charts, and whatever else I want to post about - outside the control of the corrupt and twisted mainstream media hacks, 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.

Post Powell Positivity

US equity indexes closed broadly higher, SPX +39pts (0.9%) at 4509. Nasdaq comp' +1.2%. Dow +0.7%. The Transports settled +1.2%. R2K +2.8%.

SPX - daily5

VIX - daily3

Summary

US equities opened on a positive note, with the fed chair duly appearing at 10am, for the annual contribution to the economic symposium, as normally held at Jackson Hole.

Powell - the CEO of Print Central

Not surprisingly, it was just more of the usual fedspeak nonsense, dancing the fine line between spooking the market hawks or doves. Powell didn't look so well today, and the pressure on Powell will continue to increase with each CPI print.

Meanwhile...

For some, it was just another day of horror in Philly. We have an independent documentary - captured August 19th 2021, on an attempt to clear the encampments.

The above doesn't make for easy viewing, but then... it shouldn't. You should be beyond horrified, at a part of America that most simply want to pretend doesn't exist.

--

Yet more fedspeak nonsense

Do you think Harker of the Philly Fed has ever been in that part of town?  

It should be clear, ongoing ZIRP and $120bn a month of printing isn't helping those on the streets. In fact, the fed has been the direct and indirect cause of some of the underlying economic systemic 'breaks' since at least the 1970s.
--

The afternoon saw equities claw upward, for what was a distinctly positive end to the week. Volatility was naturally ground lower, the VIX settling -13.0% to 16.39.
-

Sunset before a cloud bank rolled in from the west

A fine end to the week

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

Goodnight from London
--

 

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Do you hear the bells?

US equity indexes closed moderately lower, SPX -26pts (0.6%) at 4470. Nasdaq comp' -0.6%. Dow -0.5%. The Transports settled -0.7%.

SPX - daily5

VIX - daily3

Summary

US equities opened a little choppy, but leaned on the weaker side.

Meanwhile...

Q. Do you hear the bells?

A personal favourite, the masterful work from Djawadi...

Its been almost 2.5yrs since Game of Thrones concluded. The final season sure didn't please many, not least those on team Danerys, who were laughably shocked when she decided to burn Kings Landing. Many who support Monarchy, remain so surprised when those who believe they have the 'gods given birth rite to rule', turn on the very sheep/serfs who supported them.

 
We live in the most twisted of times, where the society/species has a severe case of mass psychosis. If you don't hear the bells ringing right now, you haven't been paying attention.
--

The afternoon saw increasing weakness, not least on developing news of bombings in Afghanistan. Volatility picked up a little, the VIX settling +12.2% to 18.84.  

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

Goodnight from London
--

 

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The 4500s

US equity indexes closed a little higher, SPX +9pts (0.2%) at 4496. Nasdaq comp' +0.1%. Dow +0.1%. The Transports settled +0.7%. R2K +0.4%

SPX - daily5

VIX - daily3

Summary

US equities opened in minor chop mode, but still leaning on the upward side, which was plenty enough for the SPX to push into the 4500s. 

Meanwhile...

I'd especially highlight a musical moment for the walking dead at t+5.25, and t+6.52, for what was just another day in Philly. Today was worse than yesterday, and tomorrow will be worse than today. Gods help them, but gods damn the political/societal elite who merely look away.
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The afternoon saw a new historic high of 4501, which was impressive as s/t momentum was increasingly negative. Volatility was subdued, the VIX settling -2.5% to 16.79.
-

The twilight zone

 –

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

Goodnight from London
--

 

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No Papers?

US equity indexes mostly closed a little higher, SPX +6pts (0.1%) at 4486. Nasdaq comp' +0.5%. Dow +0.1%. The Transports settled +0.2%. R2K +1.0%.

SPX - daily5

VIX - daily3

Summary

US equities opened a little choppy, but leaned upward, with the SPX printing yet another new historic high. 

Meanwhile...

"No papers?"
"No papers... state to state".
- The Hunt for Red October (1990)

Some thirty one years later, and there are many in the political world who are striving to see that right be permanently taken away. Europe is leading the way in that regard.
-

The afternoon saw considerable chop, but still printing a new historic high of sp'4492.

Volatility was subdued, the VIX settling +0.4% to 17.22.
--

  

Every sky... unique

Yet another day closer

–

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

Goodnight from London
--

 

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New historic high

US equity indexes closed broadly higher, SPX +37pts (0.8%) at 4479. Nasdaq comp' +1.5%. Dow +0.6%. The Transports settled +0.9%. R2K +1.9%

SPX - daily5

VIX - daily3

Summary

The week began on a positive note, the SPX opening broadly higher, and building significant gains, breaking a new historic high of 4489.

Meanwhile...

El-Erian believes that inflation will be anything but the Fed's 'transitory'. I agree with him in that we'll know by year end. By then though... the society/species might have other more important concerns.

The afternoon saw increasing chop, but still settling sig' higher. Volatility was ground lower, the VIX settling -7.6% to 17.15.
-

Another day closer

The darkness is ahead

A fine end to the day

–

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

Goodnight from London
--

 

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Weekend update - US equity indexes

It was a bearish week for US equity indexes, with net weekly declines ranging from -2.5% (Trans, R2K), -2.1% (NYSE comp'), -1.1% (Dow), -0.7% (Nasdaq comp') to -0.6% (SPX).

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

sp'500

Nasdaq comp'

Dow

NYSE comp'

R2K

Trans

–

Summary

All six US equity indexes settled net lower for the week.

The Transports and R2K lead the way lower, with the SPX most resilient.

The SPX and Dow broke new historic highs.

More broadly, all six US equity indexes are holding above their respective monthly 10MA, and I thus see the m/t trend as bullish.

–

Looking ahead

We've a light sprinkling of earnings, but the market will be more focused on events at the hole. There is increasing chatter Powell will announce a plan for QE taper, although I'm still inclined to see that announced at the FOMC of Sept'22nd.

Earnings:

M - JD, PANW

T - BBY, MDT, JWN, URBN, TOL

W - DKS, SCVL, CRM, SNOW, ULTA, SPLK, BOX, WSM

T - ANF, DG, DLTR, COTY, BURL, MOMO, PTON, MRVL, WDAY, GPS, HPQ, DELL

F - BIG

-

Econ-data/events

M - PMI manu'/serv' existing home sales

T - New home sales

W - Durable goods orders, EIA Pet'

T - Weekly jobs, GDP Q2 (print'2)

*Economic Policy Symposium - Jackson Hole, Wyoming, Aug'26th, which continues into Sat' Aug'28th.

F - *Fed Chair Powell speech* , Pers' income/outlays, Intl' trade, consumer sent'.

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Final note

Whilst indexes saw net weekly declines, that was after printing new historic highs (well, at least for the SPX and Dow). I remain aware of the ongoing background 'crash chatter', and I still see that as 'crazy talk' from the usual suspects.

The Labor day break is only two weeks away, and then summer will rapidly fade. We have one hell of an 'interesting' winter ahead. Some of you are aware of what might be ahead. To those who aren't, well... you're probably part of the problem anyway.

For more charts, and whatever else I want to post about - outside the control of the corrupt and twisted mainstream media hacks, you know where to find me in... the twilight zone.

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.

Climbing into the weekend

US equity indexes closed broadly higher, SPX +35pts (0.8%) at 4441. Nasdaq comp' +1.2%. Dow +0.6%. The Transports settled +0.2%. R2K +1.7%

SPX - daily5

VIX - daily3

Summary

US equities opened a little choppy, but leaned upward to build broad gains into the afternoon, the SPX printing 4444, and settling at 4441. Considering it was OPEX, today's gains were especially strong.

Mr Crabs remains bullish the US dollar

In the twilight zone, the adventures of SpongeBob usually make more sense than the news headlines that appear across a typical day on Planet Crazy.
-

Volatility was ground lower into the weekend, the VIX settling -14.3% to 18.56.

–
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