A somewhat red Thursday

US equity indexes closed on a weak note, SPX -36pts (0.4%) at 5949. Nasdaq comp' -0.6%. Dow -0.5%. The Transports settled -0.7%. R2K -1.3%

SPX - daily

VIX - daily

Summary

US equities opened a little mixed, with the SPX cooling into the late afternoon to settle at 5949.

Volatility was a little mixed, the VIX printing a new cycle low of 13.59, settling +2.1% to 14.31.
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    97.5%

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

Goodnight from London
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Midweek chop

US equity indexes closed rather mixed, SPX +1pt (0.02%) at 5985. Nasdaq comp' -0.3%. Dow +0.1%. The Transports settled +0.9%. R2K -1.0%

SPX - daily

VIX - daily

Summary

US equities opened in minor chop mode, and remained that way across the day, the SPX settling effectively flat. Volatility was ground lower for the 7th day of 9, the VIX printing 13.77, and settling -4.7% to 14.02. 
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A fine day in Fall

Full moon is Friday-OPEX

 

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

Goodnight from London
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A little weakness

US equity indexes closed on a weak note, SPX -17pts (0.3%) at 5983. Nasdaq comp' -0.1%. Dow -0.9%. The Transports settled -1.0%. R2K -1.8%

SPX - daily

VIX - daily

Summary

US equities opened in minor chop mode, but there was some broad cooling into the mid afternoon. The SPX found a floor at 5960, recovering to settle at 5983.

Volatility was subdued, the VIX settling -1.7% at 14.71.

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   Fading greens

     Bullish construction

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Goodnight from London
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Starting positive

US equity indexes closed on a positive note, SPX +5pts (0.1%) at 6001. Nasdaq comp' +0.1%. Dow +0.7%. The Transports settled +1.2%. R2K +1.5%

SPX - daily

VIX - daily

Summary

US equities mostly opened on a positive note, the SPX leaning upward to print a new hist' high of 6017. There was a little cooling to settle at 6001.

Volatility was a little mixed, the VIX printing 15.56, but cooling back to settle +0.2% to 14.97
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A welcome respite, after weeks of grey horror

A fine day in Fall

Full moon will be Friday-OPEX

A little closer

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Goodnight from London
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Weekend update - US equity indexes

It was a very bullish week for US equity indexes, with net weekly gains ranging from +8.7% (R2K), +6.1% (Trans), +5.7% (Nasdaq comp'), +4.7% (SPX), +4.6% (Dow), to +3.5% (NYSE comp').

Lets take our regular look at six of the main US indexes (monthly candle charts)

sp'500

Nasdaq comp'

Dow

R2K

NYSE comp'

Trans

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Summary

All six US equity indexes were powerfully higher for the week.

The R2K lead the way up, whilst the NYSE comp' lagged

The SPX, Nasdaq comp', Dow, NYSE comp', and R2K broke new historic highs.

More broadly, all six US equity indexes have positive monthly momentum, and are trading above their respective monthly 10MA.

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Looking ahead

Earnings:

M - $MNDY $ICL $BRDCY $ZETA $GRAB $LAZR $LYV $ASRT $ANGI $AGO $DDI $EGY $STXS

T - $HD $SHOP $PLUG $SE $ONON $HTZ $NVAX $BITF $ALT $CRON $SPOT $OXY $RKLB $RKT $WULF $CART $SOUN $MARA $CAVA

W - $HUT $TSEM $CSCO $DLO $KULR $BZH $OPRX $BNGO $SMSI $CAPR $TTEK $HP

T - $DIS $TLN $LUNR $JD $NICE $AAP $BILI $SOWG $NTES $OCUL $AMAT $ASTS $OKLO $DESP $POST $GLOB $IZEA $INO $IPW $ORGN

F - $BABA $AIM $SPB $WISA $BPTH $NEXN

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Econ-data/events

M - *Veterans day - bond market CLOSED*

T - NFIB optimism

W - CPI, EIA Pet', US T-budget (2pm)

T - PPI, weekly jobs

F - Import prices, Empire State manu', retail sales, indust' prod', busi' invent'  *OPEX*

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Final note

With the election out of the way, equities not surprisingly surged. I hold to the notion that the reaction would have been similar, even if Harris had won. If there is anything the market doesn't like... its 'uncertainty'. 

The Fed cut rates for a second consecutive meeting, but also effectively claiming that #everythingisfine. As most recognise... it ain't.

President Trump faces a slowing economy, with a grossly indebted consumer, corporate world, and Federal Govt'. Elon speaks of cutting $2trn from the annual budget of $6.5trn. If you strip out one trillion each of interest payments and defense spending, that just leaves $4.5trn. Call me skeptical, but I'd be surprised if they cut more than $300bn, and that'd barely merit as a rounding error. 

In any case... we are indeed in the most twisted and entertaining timeline, that will require more popcorn and drinks into and across... episode 2025 of Planet Krazy.

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

#everythingisfine

US equity indexes closed very mixed, SPX +44pts (0.7%) at 5973. Nasdaq comp' +1.5%. Dow u/c. The Transports settled -1.4%. R2K -0.4%

SPX - daily

VIX - daily

Summary

US equity indexes opened on a positive note, and whilst the Dow, R2K, and Trans quickly turned red, whilst the SPX and Nasdaq pushed upward. 

With the Fed cutting rates by -25bps to 4.50-4.75%, the Powell duly appeared at 2.30pm...

#everythingisfine

 

... as he effectively touted #everythingisfine , whilst still arguing it was necessary to cut rates.

The late afternoon saw considerable chop, SPX printing a new hist' high of 5983, and settling at 5973.

Volatility was ground lower, the VIX settling -6.6% to 15.20.

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

Goodnight from London
--

 

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Soaring on Trump

US equity indexes closed powerfully higher, SPX +146pts (2.5%) at 5929. Nasdaq comp' +2.9%. Dow +3.6%. The Transports settled +5.4%. R2K +5.8%

SPX - daily

VIX - daily

Summary

US equities opened very significantly higher, the SPX broadly climbing across the day to print a new hist' high of 5936, and settling at 5929.

With the uncertainty of the election out of the way, volatility was crushed, the VIX printing 15.44, and settling -20.6% to 16.27. 

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

Goodnight from London
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Election Day Upside

US equity indexes closed significantly higher, SPX +70pts (1.2%) at 5782. Nasdaq comp' +1.4%. Dow +1.0%. The Transports settled +1.7%. R2K +1.9%

SPX - daily

VIX - daily

Summary

US equities opened a little higher, with the SPX building sig' gains to 5780. The afternoon saw a little cooling, but a closing hour micro ramp to settle at 5782. Volatility was ground lower, the VIX settling -6.8% to 20.49.
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The oaks will survive any winter

The UK is a safe space for Squirrels

In memory of Guy Fawkes

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Goodnight from London
--

 

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Holding pattern

US equity indexes mostly closed a little weak, SPX -16pts (0.3%) at 5712. Nasdaq comp' -0.3%. Dow -0.6%. The Transports settled -0.4%. R2K +0.5%

SPX - daily

VIX - daily

Summary

US equities opened a little choppy, if leaning net lower into midday, the SPX printing a low of 5696. From there... choppy upside to settle at 5712. Volatility remained somewhat elevated, the VIX settling +0.5% to 21.98
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Just one day away. Civil War (2024)

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

Goodnight from London
--

 

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Weekend update - World equity markets

It was a bearish month for most world equity markets, with net monthly changes ranging from -10.4% (Russia), -5.8% (India), -1.8% (Brazil), -1.7% (China), -1.4% (Australia), -1.3% (USA, Germany), -0.8% (South Africa), +3.1% (Japan), to +8.9% (Argentina).

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

Argentina - MerVal

Australia – AORD

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Summary

Eight world equity markets were net lower for October, with two net higher.

The Russian market lead the way down, whilst the Argentinian market was strongest.

The USA, German, South African, Argentinian, and Australian markets broke new hist' highs.

Nine world equity markets have positive monthly momentum, are trading above their respective monthly 10MA, the exception being Russia.

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Looking ahead

Earnings:

M - $BRK.B $CEG $MAR $DOCN $FRPT $BNTX $PLTR $CLF $HIMS $WYNN $ALAB $NVTS $LSCC $NXPI $ILMN $GT

T - $MLCO $SNDL $ADM $APLSA $APO $NMM $RACE $LPX $GFS $BLDR $SMCI $DVN $PAAS $KGC $LUMN $CPNG $MCHP $BBAI $EXAS $IRBT

W - $CELH $NVO $CVS $ACB $HWM $TEVA $FUN $TM $JCI $AEP $ARM $AMC $QCOM $ELF $CLOV $APP $CDE $HL $MELI $IONQ

T - $VST $MRNA $GOLD $DDOG $HAL $MPW $CCJ $ESPR $HSY $GEO $DKNG $ANET $SQ $RIVN $U $TTD $AFRM $FTNT $PINS $ABNB

F - $IEP $ERJ $CGC $GTN $SONY $NRG $ADNT $AXL $FLR $BLMN

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Econ-data/events:

M - Factory Orders

T - Intl' trade, ISM serv',    *** (the last?) USA Election***

W - PMI serv', EIA Pet'

T - Weekly jobs, productivity, wholesale invent', consumer credit (3pm)

*2pm FOMC announcement, 2.30pm Press' conf'.

F - consumer sent', US t-budget (2pm)

*USA clocks roll back one hour... early Sunday, Nov'3rd

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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.