November settles poorly

US equity indexes closed very significantly lower, SPX -88pts (1.9%) at 4567. Nasdaq comp' -1.5%. Dow -1.8%. The Transports settled -3.2%. R2K -2.0%.

SPX - daily5

VIX - daily3

Summary

US equities opened broadly weak, but there was an early reversal, with the Nasdaq turning positive. Yet... the Fed's Powell and US T-Sec' Yellen then appeared...

Powell said that 'it was time to retire transitory', and expects inflation to remain high into mid 2022. Further, there was talk that QE taper might be accelerated.

Neither equities, or the broader US capital markets were pleased to hear that, with some very significant downside into the late afternoon.

Volatility spiked, the VIX settling +18.4% to 27.19.  

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

Goodnight from London
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Monday Rebound

US equity indexes mostly closed significantly higher, SPX +60pts (1.3%) at 4655. Nasdaq comp' +1.9%. Dow +0.7%. The Transports settled +0.9%. R2K -0.1%.

SPX - daily5

VIX - daily3

Summary

US equities opened broadly higher, and after some mid morning cooling to tag the opening gap, equities saw a secondary wave higher into the afternoon.

Meanwhile...

Its getting real cold on the streets of Philadelphia. Not all will make it into spring 2022.
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The late afternoon saw a little cooling, but that still made for broad/sig' gains. Volatility was naturally ground lower, the VIX settling -19.8% to 22.96.
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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 -3.9% (R2K), -3.5% (Nasdaq comp'), -2.2% (SPX), -2.0% (Dow, NYSE comp'), to -1.8% (Transports).

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

sp'500

Nasdaq comp'

Dow

R2K

NYSE comp'

Trans

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Summary

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

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

The SPX and Nasdaq comp' broke new historic highs.

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

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Looking ahead

Earnings:

M - LI

T - JKS, BZUN, CRM, ZS, AMBA, HPE, BOX,

W - CRWD, SNOW, OKTA, SPLK, FIVE, VEEV, PVH

T - DG, SIG, KR, DOCU, MRVL, ULTA, SWBI

F - BIG

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Econ-data/events

M - Pending home sales

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

W - ADP jobs, PMI/ISM manu', construction, EIA Pet', Fed Beige book (2pm)

T - Weekly jobs

F - Monthly jobs, PMI/ISM serv', factory orders

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Final note

We have just 24 trading days left of the year.
For charts, and whatever else I want to post about... 

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.

Red Friday

US equity indexes closed very significantly lower, SPX -106pts (2.3%) at 4594. Nasdaq comp' -2.2%. Dow -2.5%. The Transports settled -3.6%. R2K -3.4%.

SPX - daily5

VIX - daily3

Summary

With news of a new C19 variant, other world markets spiraled into the weekend, with the US naturally following. Indeed, it was not so much a black Friday, as a red one, with price rather powerfully lower into the early close of 1pm EST.

Volatility spiked, the VIX settling +54.0% to 28.62
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The twilight zone... ahead of storm Arwen

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

Goodnight from London
--

 

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Into Thanksgiving

US equity indexes closed a little mixed, SPX +10pts (0.2%) at 4701. Nasdaq comp' +0.4%. Dow -0.02%. The Transports settled -0.3%. R2K +0.1%

SPX - daily5

VIX - daily3

Summary

US equities opened on a weak note, with the SPX cooling to 4659, but with yet another recovery into the afternoon. The VIX printed 20.96, but cooled back to settle -4.1% to 18.58.

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

Goodnight from London
--

 

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Tuesday chop

US equity indexes closed rather mixed, SPX +7pts (0.2%) at 4690. Nasdaq comp' -0.5%. Dow +0.5%. The Transports settled +0.8%. R2K -0.2% 

SPX - daily5

VIX - daily3

Summary

US equities opened a little choppy, seeing a few swings.

The afternoon saw a moderate recovery, with the SPX settling a little higher.

Volatility was itself mixed, the VIX printing 20.91, but settling +1.1% to 19.38.   
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Bullish English Oak

Almost as disturbing as a Peloton stockchart

A fine Tuesday

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

Goodnight from London
--

 

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Reversal from a historic high

US equity indexes closed very mixed, SPX -15pts (0.3%) at 4682. Nasdaq comp' -1.3%. Dow +0.05%. The Transports settled +1.3%. R2K -0.4%.

SPX - daily5

VIX - daily3

Summary

US equities began Thanksgiving week on the most bullish note possible, with the SPX breaking a new historic high of 4743. 

 

Cruising to new historic highs

However, there was some distinct cooling to 4700. The afternoon saw a secondary wave higher, but remaining under the morning high. The closing hour was pretty ugly, with a rather significant downside reversal to settle at 4682.

Volatility saw a late morning high of 19.03, was ground lower to the 17s, but with equities spiraling into the close, the VIX settled +7.0% to 19.17.
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In memory of player 67

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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 mixed week for US equity indexes, with net weekly changes ranging from -2.8% (R2K),  -1.9% (NYSE comp'), -1.4% (Dow, Transports), +0.3% (SPX), to +1.2% (Nasdaq comp').

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

sp'500

Nasdaq comp'

Dow

R2K

NYSE comp'

Trans

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Summary

Four US equity indexes were net lower for the week, with two net higher.

The R2K lead the way lower, whilst the Nasdaq comp' was most resilient.

The Nasdaq comp' and the NYSE comp' broke new historic highs.

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Looking ahead

It will be a short 3.5 day trading week.

Earnings:

M - NIU, ZM, URBN

T - DKS, BBY, DLTR, AEO, ANR, MDT, ADI, BURL, HPQ, GPS, JWN, DELL, VMW

W - DE

T - -

F - -

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Econ-data/events

M - Existing home sales

T - PMI manu', PMI serv'

W - Weekly jobs, Q3 GDP (print'2), Durable goods orders, Intl' trade, new home sales, consumer sent', EIA Pet' report, FOMC minutes (2pm).

T - CLOSED for Thanksgiving

F - *Early closing at 1pm EST*

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Another day closer

Final note

For more of the same... you know where I am.

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.

Midweek weakness

US equity indexes closed a little weak, SPX -12pts (0.3%) at 4688. Nasdaq comp' -0.3%. Dow -0.6%. The Transports settled -1.4%. R2K -1.3%

SPX - daily5

VIX - daily3

Summary

US equities opened in micro chop mode, if leaning on the weaker side. The afternoon saw considerable minor chop, if still leaning on the weaker side.

Volatility picked up a little, the VIX settling +4.5% to 17.11. S/t outlook leans to the bears, if only to around 4550, before resuming upward to new historic highs in the 4800s.

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Moon rise... in the twilight zone

Full moon is Friday

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

Goodnight from London
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Underlying strength

US equity indexes closed on a positive note, SPX +18pts (0.4%) at 4700. Nasdaq comp' +0.8%. Dow +0.15%. The Transports settled +0.1%.

SPX - daily5

VIX - daily3

Summary

US equities opened a little choppy, but leaned upward with the SPX printing 4714... just 4pts shy of the Nov'5th historic high. 

Meanwhile...

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The late afternoon saw a little cooling, but that will made for moderate gains.

Volatility melted lower, the VIX settling -0.7% to 16.37.  

–
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