Thursday, 30 November 2023

November settles

US equity indexes mostly closed on a positive note, SPX +17pts (0.4%) at 4567. Nasdaq comp' -0.2%. Dow +1.5%. The Transports settled +1.4%. R2K +0.3%

SPX - daily

VIX - daily

Summary

US equities opened a little higher, but the gains were shaky from the start, with indexes turning negative. The SPX cooled to 4537, with a closing hour mini ramp, to settling at 4567.

Volatility was a little mixed, the VIX printing 13.39, if cooling back to settle -0.5% to 12.92.

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I've been aware of Remi for over a decade, a Frenchman who has made tens of millions laugh at some pretty crazy stunts. Maybe its just me, but I think this 'Goodbye' to an array of websites, is an astounding piece of work.


X... split into two, freeing a dying bird

Buried alive


Looking ahead to the future

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           A distinctly cold Thursday


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

Goodnight from London
--

 

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Wednesday, 29 November 2023

Midweek reversal

US equity indexes closed a little mixed, SPX -4pts (0.1%) at 4550. Nasdaq comp' -0.2%. Dow +0.04%. The Transports settled u/c. R2K +0.5%

SPX - daily

VIX - daily

Summary

US equities opened moderately higher, with the SPX printing a new cycle high of 4587. From there... some cooling to 4547, and settling at 4550. Volatility remained subdued, the VIX settling +2.3% to 12.98.
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Cold and smoky

Bearish Turkish Airlines?

The nights are long and full of terrors


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

Goodnight from London
--

 

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Tuesday, 28 November 2023

Ghost in the machine

US equity indexes closed a little mixed, SPX +4pts (0.1%) at 4554. Nasdaq comp' +0.3%. Dow +0.2%. The Transports settled -0.6%. R2K -0.4%

SPX - daily

VIX - daily

Summary

US equities opened in minor chop mode. The SPX saw a moderate spike on Fed comments, printing a new cycle high of 4568, if cooling back to settle at 4554.

Volatility was a little twitchy, the VIX ghost printing 14.30, and settling u/c at 12.69.

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Winter solstice isn't that far away


Cold... if mostly sunny

 


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

Goodnight from London
--

 

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Monday, 27 November 2023

Monday tedium

US equity indexes closed on a weak note, SPX -8pts (0.2%) at 4550. Nasdaq comp' -0.1%. Dow -0.2%. The Transports settled -1.3%. R2K -0.3%

SPX - daily

VIX - daily

Summary

US equities opened a little weak, but all the bears could manage was sp'4546, with a choppy recovery to settle at 4550. Volatility remained subdued, the VIX settling +1.8% at 12.69


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

Goodnight from London
--

 

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Saturday, 25 November 2023

Weekend update - US equity indexes

It was a bullish week for US equity indexes, with net weekly gains ranging from +1.3% (Dow), +1.1% (NYSE comp', Trans), +1.0% (SPX), +0.9% (Nasdaq comp'), to +0.5% (R2K). Near term outlook offers some cooling into early December.

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 settled net higher for the week.

The Dow lead the way up, whilst the R2K lagged.

Weekly momentum is positive for the SPX, Nas', Dow, NYSE comp'.

Looking ahead

A distinctly busier week is ahead...

Earnings

M - ZS, SDRL

T - PDD, CRWD, WDAY, INTU, SPLK, HPE, NTAP, AZEK, AZEK, LESL

W - FL, DLTR, FTCH, NAT, WOOF, HRL, BILI, SNOW, CRM, OKTA, SNPS, PSTG, FIVE, VSCO, PVH, NTNX, LZB

T - KR, TD, ASO, BIG, BBW, TITN, CBRL, FRO, DOOO, MRVL, ULTA, PATH, DELL, AMBA, IOT, PD, DOMO, ESTC

F - BMO

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Econ-data/events

M - New home sales

T - Case-Shiller HPI, consumer con',

W - Q3 GDP (print'2), Intl' trade, EIA Pet', Fed beige book (2pm)

T - Weekly jobs, Pers' income/outlays, PCE, pending home sales.

F - ISM manu', construction, Powell (11am)

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

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Have a good weekend
--

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

Friday, 24 November 2023

A brief Black Friday

US equity indexes closed a little mixed, SPX +2pts (0.1%) at 4559. Nasdaq comp' -0.1%. Dow +0.3%. The Transports settled +0.4%. R2K +0.6% 

SPX - daily

VIX - daily


 

Summary

US equities saw a half day of micro chop. Volatility was naturally subdued, the VIX printing a new cycle low of 12.45, and settling -3.0% to 12.46.
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Full moon will be Monday 27th.


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

Goodnight from London
--


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Thursday, 23 November 2023

Thanksgiving

 Happy Thanksgiving to my readers across the world, but especially for those within the USA.




 

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*the next post will appear around 1.15pm ET on Friday.

Tuesday, 21 November 2023

Weak leaning chop

US equity indexes mostly closed a little weak, SPX -9pts (0.2%) at 4538. Nasdaq comp' -0.6%. Dow -0.2%. The Transports settled +0.1%. R2K -1.3%

SPX - daily

VIX - daily

Summary

US equities opened a little weak. All the bears could manage though was 4525, with a choppy bounce to 4542, and settle at 45   

Volatility remained crushed, the VIX printing a new cycle low of 13.13, and settling -0.4% to 13.35.
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An impressive 360' video from SpaceX, of the recent test'2 of Starship.
-



Full moon is due Nov'27th


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

Goodnight from London
--

 

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Monday, 20 November 2023

Positive leaning chop

US equity indexes closed on a positive note, SPX +33pts (0.7%) at 4547. Nasdaq comp' +1.1%. Dow +0.6%. The Transports settled +0.3%. R2K +0.6%

SPX - daily

VIX - daily

Summary

The market began the week, in the same style as last week concluded... minor chop. Yet with near zero downside power, the market clawed upward to break a new cycle high of 4557, and settling at 4547.

Volatility was ground lower, the VIX breaking a new cycle low of 13.39, settling -2.8% to 13.41.
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Extra charts in AH (usually around 5pm EST) @ https://twitter.com/Trading_Sunset

Goodnight from London
--

 

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Saturday, 18 November 2023

Weekend update - US equity indexes

It was a bullish week for US equity indexes, with net weekly gains ranging from +5.4% (R2K), +3.5% (Trans), +2.8% (NYSE comp'), +2.4% (Nasdaq comp'), +2.2% (SPX), to +1.9% (Dow).

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 higher for the week.

The R2K lead the way up, whilst the Dow lagged. 

Weekly momentum ticked upward in all six indexes, with all indexes set to have positive weekly momentum by Nov'27th.

Looking ahead

It will be a very short 3.5 day trading week. 

Earnings:

M - ZM, A, SYM, TCOM, KEYS, BRBR, CENT

T - KSS, MDT, LOW, BBY, BIDU, ANF, BURL, DKS, AEO, ADI, NVDA, HPQ, ADSK, JWN, JACK, URBN, GES

W - DE, BZUN,

T - *CLOSED*... for Thanksgiving

F - *EARLY CLOSING 1pm ET*

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Econ-data/events

M - Leading indicators

T - Existing home sales, FOMC mins (2pm)

W - Weekly jobs, Durable goods orders, consumer sent'

T - *CLOSED* for Thanksgiving

F - PMI serv', PMI manu', *EARLY CLOSING 1pm*

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Have a good weekend
--

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