August settles

US equity indexes mostly closed on a weak note, SPX -7pts (0.2%) at 4507. Nasdaq comp' +0.1%. Dow -0.5%. The Transports settled -1.3%. R2K -0.2%

SPX - daily

VIX - daily

Summary

US equities opened a little higher, the SPX clawing to a new cycle high of 4532. From there, cooling to settle at 4507. Volatility remained subdued, the VIX lower for the ninth day of ten, settling -2.2% to 13.57.

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Goodnight from London
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Midweek upside

US equity indexes closed moderately higher, SPX +17pts (0.4%) at 4514. Nasdaq comp' +0.5%. Dow +0.1%. The Transports settled +0.5%. R2K +0.4%

SPX - daily

VIX - daily

Summary

Equities opened a little higher, with the SPX battling to 4521. From there... cooling to 4493, with a secondary push to 4521, and settling at 4514.

Volatility was subdued, the VIX lower for the 8th day of 9, settling -3.9% to 13.88  

Equities will be inclined to start Thursday on a positive note, but I am looking for a downside reversal, with August due to wrap. 
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100%... bullish moon

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Goodnight from London
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Battling upward

US equity indexes closed significantly higher, SPX +64pts (1.4%) at 4497. Nasdaq comp' +1.7%. Dow +0.8%. The Transports settled +0.9%. R2K +1.3%

SPX - daily

VIX - daily

Summary

US equities opened broadly flat, but with powerless bears, the market resumed upward, and built rather significant gains into the late afternoon. The SPX printed 4500, and settling at 4497.

Volatility was ground lower for the seventh day of eight, the VIX settling -4.2% to 14.45.

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Goodnight from London
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Starting positive

US equity indexes closed moderately higher, SPX +27pts (0.6%) at 4433. Nasdaq comp' +0.8%. Dow +0.6%. The Transports settled +0.7%. R2K +0.9%

SPX - daily

VIX - daily

Summary

The week began on a positive note, the SPX settling +0.6% to 4433. S/t bullish... ahead of the long weekend.  Volatility was muted, the VIX settling -3.8% to 15.08
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... descending into the city.

 

An especially quiet day in the UK, for what was a bank holiday

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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 +2.3% (Nasdaq comp'), +0.8% (SPX), +0.1% (NYSE comp'), -0.3% (R2K), -0.4% (Dow), to 0.5% (Trans).

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

Three US equity indexes settled net higher for the week, with three net lower.

The Nasdaq was very significantly higher, whilst the Transports was moderately lower.

Weekly price momentum is negative in the SPX and Nasdaq, the other indexes could be expected to follow into September.

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Looking ahead

Earnings:

M - NAT, BZUN, HEI

T - NIO, BBY, PDD, BIG, SJM, HPE, HPQ, BOX, AMBA, PVH

W - CRWD, CRM, OKTA, CHWY, VEEV, FIVE

T - DG, PSNY, UBS, CPB, MOMO, AVGO, LULU, DELL, VMW, NTNX, PD

F -

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Econ-data/events

M -

T - Case-Shiller HPI, JOLTS, consumer confidence

W - ADP jobs, Q2 GDP (print'2), Pending home sales, EIA Pet'

T - Weekly jobs, personal income/outlays, PCE

F - Monthly jobs, ISM manu', construction

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

**As Friday is the lead into the Labor day holiday, once the BLS jobs data is out of the way, I'd expect subdued price action on very light vol'.
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Have a good weekend

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*the next post on this page will likely appear 4.20pm EST on Monday.

Jackson Hole swings

US equity indexes mostly closed on a positive note, SPX +29pts (0.7%) at 4405. Nasdaq comp' +0.9%. Dow +0.7%. The Transports settled -0.2%. R2K +0.4%

SPX - daily

VIX - daily

Summary

US equities opened a little higher, with the Powell duly appearing at 10.05am...

The SPX spiked to 4116, only to see a mini implosion to 4356. From there, a latter day recovery to 4418, and settling broadly higher at 4405.

Volatility was mixed, the VIX printing 17.36, but then ground lower into the weekend to settle -8.8% to 15.68

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

Goodnight from London
--

 

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Post Nvidia depression

US equity indexes closed significantly lower, SPX -59pts (1.3%) at 4376. Nasdaq comp' -1.9%. Dow -1.1%. The Transports settled-0.8%. R2K -1.4% 

SPX - daily

VIX - daily

Summary

US equities opened moderately higher, but the gains were shaky from the start. The SPX swung from 4458 to 4398. There was a bounce to 4414, but renewed downside to settle at 4376.

Volatility was mixed, the VIX swinging from an early low of 15.59 to settle +7.6% to 17.20. Today's SPX candle was bearish engulfing, an appropriate mirror to the bearish engulfing candle in the VIX. 

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Goodnight from London
--

 

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Midweek strength

US equity indexes closed broadly higher, SPX +48pts (1.1%) at 4436. Nasdaq comp' +1.6%. Dow +0.5%. The Transports settled +1.1%. R2K +1.0%

SPX - daily

VIX - daily

Summary

US equities opened a little higher, but built broad gains into the afternoon, the SPX printing 4443, and settling at 4436. Volatility was lower for a fourth day, the VIX settling -5.8% to 15.98.
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Extra charts in AH (usually around 5pm EST) @ https://twitter.com/Trading_Sunset

Goodnight from London
--

 

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A mixed Tuesday

US equity indexes mostly closed on a weak note, SPX -12pts (0.3%) at 4387. Nasdaq comp'+0.1%. Dow -0.5%. The Transports settled -0.7%. R2K -0.3%

SPX - daily

VIX - daily

Summary

US equities opened on a positive note, but the gains were (once again) shaky from the start, with the SPX cooling from 4418 to 4382, and settling at 4387.

Volatility was subdued, the VIX settling -0.9% to 16.97.
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Extra charts in AH (usually around 5pm EST) @ https://twitter.com/Trading_Sunset

Goodnight from London
--

 

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Choppy upside

US equity indexes closed rather mixed, SPX +30pts (0.7%) at 4399. Nasdaq comp' +1.6%. Dow -0.1%. The Transports settled +0.03%. R2K -0.2%

SPX - daily

VIX - daily

Summary

US equities began the week on a somewhat positive note. The initial gains were shaky, with most indexes turning negative, before a secondary wave upward to 4407, and settling at 4399. Tuesday might easily open lower, but I'd still look for the 50dma... currently 4455 before the weekend.

Volatility was mixed, the VIX printing 18.11, if cooling back to settle -1.0% to 17.13. The 14s appear due within 3-4 days. 
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As green as the Nasdaq

Summer is fading away

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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 -3.3% (R2K), -3.1% (Trans), -2.6% (Nasdaq comp'), -2.4% (NYSE comp'), -2.2% (Dow), to -2.1% (SPX). Near term outlook offers a s/t bounce.

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

sp'500

Nasdaq comp'

Dow

R2K

NYSE comp'

Trans

–

Summary

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

The 'old leader' - Transports, lead the way down, whilst the SPX was most resilient.

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Looking ahead

Earnings:

M - ZM

T - BIDU, M, MDT, LOW, CSIQ, DKS, BJ, IQ, COTY, TOL, LZB, URBN

W - PTON, AAP, KSS, ADI, FL, WSM, BBWI, GRAB, ANF, NVDA, SNOW, SPLK, ADSK, NTAP, GES

T - DLTR, BURL, TD, WOOF, WB, NTES, MRVL, AFRM, ULTA, INTU, WDAY, GPS, JWN

F - -

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Econ-data/events

M - -

T - Existing home sales

W - PMI serv', PMI manu', new home sales, EIA Pet'

T - Weekly jobs, durable goods orders, 10am, various Fed officials - Jackson Hole

F - Consumer sentiment,  10.05am Powell - Jackson Hole.

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Have a good weekend
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*the next post on this page will likely appear 4.20pm EST on Monday.