Weekend update - World equity markets

It was a very mixed month for world equity markets, with net monthly changes ranging from +5.8% (USA), +3.7% (Russia), +3.3% (Hong Kong), +2.8% (Germany), +0.9% (South Africa), +0.3% (India), +0.1% (Australia), -0.6% (China), -1.9% (Japan), to -6.7% (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

–

Summary

Seven world equity markets settled net higher, with three net lower.

The USA lead the way upward, with the Brazilian market powerfully lower.

The USA and Indian markets broke new historic highs.

The USA, German, Japanese, Russian, Indian, Chinese, and Australian markets are above their respective monthly 10MA, with the Brazilian, South African, and Hong Kong markets below.

-

Looking ahead

A very busy week is ahead, with another truckload of earnings, but also an FOMC, that will see a plan for QE taper announced. The latest jobs data (especially Friday) will also have a strong bearing on how the market trades in early November. 

*UK/European clocks move back one hour at 2am, Oct'31st, with the USA following Nov'7th.

Earnings:

M - ON, PCG, TRVG, FANG, RIG, CLX, NXPI, CHGG, CAR, MOS

T - PFE, CRSR, BP, UAA, GNRC, COP, MPC, EL, RACE, ATVI, DVN, Z, TMUS, AMGN, XPO

W - CVS, NCLH, CPRI, DISCA, ROKU, QCOM, SKLZ, MRO, FSLY, ET, ETSY, SAND

T - MRNA, PENN, VIAC, REGN, GOLD, NKLA, SQ, PINS, UBER, ABNB, PTON, NET, FTNT, OXY,

F - DKNG, COIN, CGC,

-

Econ-data:

M - PMI/ISM manu', construction

T -

W - ADP jobs, PMI/ISM serv', Durable goods orders, Factory orders,

*FOMC announcement (2pm). Press conf' (2.30pm). QE taper can be expected to be announced. Its likely that interest rate hike expectations will be brought forward. 

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

F - Monthly jobs, consumer credit

--

The sun has set on British Summer Time

Final note

I will merely ask this... do you remember all those maniacs calling for a crash across October? Where are they now? Can you guess what they'll be calling for this November? 

Eventually... yes, we're going to see another major collapse, but that could be a long.... long ways away. In the meantime, I remain focused on commodities, especially the energy sector, which still seems the most straight forward trade/investment.

For more charts, and whatever else I want to post about, you know where to find me in... the twilight zone.  

 

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

Have a good weekend
--

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

A Meta Thursday

US equity indexes closed broadly higher, SPX +44pts (1.0%) at 4596. Nasdaq comp' +1.4%. Dow +0.7%. The Transports settled +1.3%. R2K +2.0%

SPX - daily5

VIX - daily3

Summary

US equities opened on a positive note, and built gains into the early afternoon.

Meanwhile...

A hyper stressed populace consume more drugs in 2020, not least cigarettes.
-

Sunshine at the LaPalma volcano is something of a rarity.

LIVE coverage...

--

CEO Zuckerberg of Facebook, or rather... Meta

 
The late afternoon saw considerable chop, if still leaning on the upward side.

Volatility was subdued, the VIX settling -2.6% to 16.53. With Sunday being Halloween, perhaps we might see something spooky before the 4pm Friday close?

–
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

Leaning weak

US equity indexes mostly closed on a weak note, SPX -23pts (0.5%) at 4551. Nasdaq comp' u/c. Dow -0.7%. The Transports settled -1.3%.

SPX - daily5

VIX - daily3

Summary

US equities opened in minor chop mode, and remained that way into the mid afternoon.

Meanwhile, the fiery drama continues...

 
The late afternoon saw some distinct cooling, as daily momentum continues to swing back toward the bears.

Volatility was subdued until the mid afternoon, but spiking upward, the VIX settling +6.3% to 16.98. The daily cyclical setup increasingly favours the equity bears into Halloween/end month. 
-

Golden rays of hope

Just a few days left of British Summer Time

–

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 turnaround on Tuesday

US equity indexes mostly closed a little higher. SPX +8pts (0.2%) at 4574. Nasdaq comp' +0.06%. Dow +0.04%. The Transports settled +0.4%. R2k -0.7%.

SPX - daily5

VIX - daily3

Summary

US equities opened on a positive note, with the SPX building broad gains to print a new historic high of 4598. From there... cooling to 4569, and settling +8pts to 4574. Today's candle is black, and bodes s/t bearish, arguably for the remainder of the week/month.

Volatility picked up, if only a little, VIX +4.9% to 15.98.
-

A wondrous piece of work from After Skool...

Empires rise and fall. If you look around... you can see the signs.
–

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

Positive Monday

US equity indexes closed on a positive note, SPX +21pts (0.5%) at 4566. Nasdaq comp' +0.9%. Dow +0.2%. The Transports settled +0.7%. 

SPX - daily5

VIX - daily3

Summary

US equities opened in minor chop mode, but it was enough for the SPX to break a new historic high. S/t momentum turned positive in the early afternoon, with the SPX printing 4572.

Meanwhile...

 

With the Dark Winter coming, I wonder how those on the streets of Philadelphia will manage. 

Events on LaPalma continue to intensify...

LIVE coverage...

-

With positive equities, volatility was subdued, the VIX settling -1.2% to 15.24.

-

–

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 bullish week for US equity indexes, with net weekly gains ranging from +3.8% (Transports), 1.6% (SPX), +1.5% (NYSE comp'), +1.3% (Nasdaq comp'), +1.1% (Dow), +1.0% (R2K). Near term outlook offers a little cooling, before resuming upward.

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 saw net weekly gains.

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

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

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

–

Looking ahead

A very busy week is ahead, with a monster truck load of earnings. We'll also have the first print for Q3 GDP, and whilst it will likely show a growing economy, the rate of growth is itself slowing.

Earnings:

M - KMB, FB, LOGI

T - UPS, GE, MMM, LMT, JBLU, RTX, WM, HAS, LLY, PHM, AMD, MSFT, GOOGL, V, TWTR, HOOD, TXN, BYD

W - BA, GM, KO, MCD, BMY, SPOT, TEVA, TECK, F, TDOC, TWLO, NOW, ALGN, UPWK, EBAY, LC

T - SHOP, MA, CAT, MRK, MO, OSTK, ABV, CMCSA, SIRI, AAPL, AMZN, X, SBUX, SKX, GILD, WDC, DECK

F - XOM, CVX, PSX, ABBV, CCJ, RCL

-

Econ-data/events

M - -

T - Case-Shiller HPI, consumer con', new home sales

W - Durable Goods Orders, EIA Pet'

T - Weekly jobs, GDP Q3 (print 1), Pending home sales

F - Pers' income/outlays, Chicago PMI, 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.

A Sunday before the Dark Winter

 A little glimpse into one piece of North West Europe...

Golden Sunshine... all along way

The best way to travel

Always watching

Looking SE toward the city

A fine evening

Airlines to broadly climb into 2022?

No zoom

Zoom 100x, full moon is Wed' Oct'20th

The dark path... toward the dark winter

Either you know what is likely ahead... or you don't. I almost envy those who don't.

Yours... a spectator to the society/species.

Weekend update - US equity indexes

It was a bullish week for US equity indexes, with net weekly gains ranging from +3.8% (Transports), +2.2% (Nasdaq comp'), +2.1% (NYSE comp'), +1.8% (SPX), to +1.6% (Dow, R2K).

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 saw net weekly gains.

The Transports lead the way upward, with the Dow and R2K lagging.

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

A busy week is ahead, with a truck load of earnings.

Earnings:

M - PHG, STLD

T - JNJ, HAL, PG, PM, BK, NFLX, UAL, IBKR

W - VZ, WGO, ABT, ANTM, BIIB, TSLA, LRCX, LVS, IBM, KMI, CSX

T - T, NUC, AAL, FCX, CROX, LUV, ALLY, VLO, SNAP, INTC, CMG, MAT

F - CLF, AXP, SLB, STX, HON

-

Econ-data/events

M - Indust' prod'

T - Housing starts

W - EIA Pet', Fed Beige book

T - Weekly jobs, Phil' fed, existing home sales, leading indi'

F - PMI manu', PMI serv'

-

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.