Saturday 18 May 2024

Weekend update - US equity indexes

It was a bullish week for most US equity indexes, with net weekly changes ranging from +2.1% (Nasdaq comp'), +1.9% (R2K), +1.5% (SPX), +1.2% (Dow, NYSE comp'), to -0.6% (Trans).

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

sp'500

Nasdaq comp'

Dow

R2K

NYSE comp'

Trans

Summary

Five US equity indexes were net higher for the week, with one net lower.

The Nasdaq lead the way up, whilst the Transports was moderately lower.

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

Looking ahead

Earnings:

M - $LI $WIX $PANW $ZM $TCOM $JHX $NDSN $KEYS $TRNS $TUYA $BEEM

T - $ZIM $M $LOW $AZO $EXP $PHGE $XPEV $TOL $MOD $VSAT $URBN $ALVO $SKY $XP

W - $TGT $TJX $ADI $LPG $WOOF $WSM $NVDA $SNOW $ELF $VFC $SNPS $SBLK $RAMP $SQM $SUPV $API

T - $RL $MAXN $TD $BJ $MDT $PSNY $NTES $TITN $DECK $INTU $ROST $WDAY $SVM $SOL $STEP $AMWD $CVCO $LGFA

F - BAH $MLAB

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Econ-data/events

M -

T -

W - Existing home sales, EIA Pet' (10.30am) FOMC mins (2pm)

T - Weekly jobs, PMI serv', PMI manu', new home sales

F - Durable goods orders, consumer sent'.

*As Monday May 27th is CLOSED, I'd expect the preceding Friday to be very subdued on low vol'.

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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 4.20pm EDT on Monday.

Friday 17 May 2024

Natural chop for OPEX

US equity indexes closed a little mixed, SPX +6pts (0.1%) at 5303. Nasdaq comp' -0.1%. Dow +0.3%. The Transports settled -0.4%. R2K +0.1%

SPX - daily

VIX - daily

Summary

US equities opened in minor chop mode, if leaning fractionally lower, the SPX settling at 5303. Volatility was ground lower into the weekend, VIX breaking a new low for the year of 11.91, and settling -3.5% to 11.99.
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The Parakeets will outlive the vaxxed scrubs


More X class flares are coming this summer


The sun sets... on the failed state of the UK


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

Goodnight from London
--

 

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Thursday 16 May 2024

Flying so high

US equity indexes closed a little weak, SPX -11pts (0.2%) at 5297. Nasdaq comp' -0.3%. Dow -0.1%. The Transports settled -0.1%. R2K -0.7%

SPX - daily

VIX - daily

Summary

US equities opened a touch higher, but it was enough to print a new hist' high of 5325. The afternoon saw a moderate cooling wave to settle marginally lower at 5297.

Volatility remained crushed, the VIX printing a new multi-month low of 12.33, and settling -0.2% to 12.42.
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Frankly, I can barely look! ... but its somewhat inspiring.

*It'd make for one hell of a way to escape a Tsunami.


Extra charts in AH (usually around 5pm EDT) @ 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

Wednesday 15 May 2024

Goldilocks CPI

US equity indexes mostly closed significantly higher, SPX +61pts (1.2%) at 5308. Nasdaq comp' +1.4%. Dow +0.9%. The Transports settled +0.1%. R2K +1.2%

SPX - daily

VIX - daily

Summary

Headline y/y: 3.4% vs 3.5% prior
Core y/y: 3.6% vs 3.8% prior

... which was enough for the market to open moderately higher, the SPX breaking a new hist' high of 5311, and settling at 5308.

Volatility was ground lower, the VIX printing 12.38, settling -7.2% to 12.45, back to levels last seen in January.
-

Almost as green as the US equity market

A fine day in mid May

 

Full moon will be May 23rd



For details ... see: https://www.tradingsunset.com

Tuesday 14 May 2024

Net bullish Tuesday

US equity indexes mostly closed on a positive note, SPX +25pts (0.5%) at 5246. Nasdaq comp' +0.7%. Dow +0.3%. The Transports settled -0.4%. R2K +1.0%

SPX - daily

VIX - daily

Summary

Equities opened in minor chop mode... although that was a distinct recovery, with the SPX having briefly been -24pts or so, on the latest PPI data. The day saw considerable minor chop, if leaning upward, even breaking a new multi-week high of 5250, and settling at 5246.

Volatility remained subdued, the VIX settling -1.3% to 13.42.
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Always good work from After Skool. Don't think I'll ever hold anything but contempt, for those obedient sheep who tried to destroy me, and the rest of the resistance.


 

...  https://www.tradingsunset.com

Monday 13 May 2024

Monday chop

US equity indexes closed a little mixed, SPX -1pt (0.02%) at 5221. Nasdaq comp' +0.3%. Dow -0.2%. The Transports settled +0.2%. R2K +0.2%

SPX - daily

VIX - daily

Summary

US equities saw a day of considerable minor chop, the collective of the main market settling effectively flat. Volatility picked up (although the gain was largely technical, due to the new week), the VIX settling +8.4% to 13.60.
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Saturday 11 May 2024

Weekend update - US equity indexes

It was a bullish week for US equity indexes, with net weekly gains ranging from +2.2% (Dow), +2.0% (NYSE comp'), +1.8% (SPX), +1.6% (Trans), +1.2% (R2K), to +1.1% (Nasdaq 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

Summary

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

The Dow lead the way up, whilst the Nasdaq comp' lagged.

More broadly, all six US equity indexes are trading above their respective monthly 10MA. Five indexes have positive monthly momentum, the exception being the Transports.

Looking ahead

Earnings:

M - $LEGN $TME $HUYA $STNE $WULF $PBR $PSFE $QUIK $VXRT $AGYS $INO $GROY $BIOX

T - $BABA $HD $SE $OCGN $SONY $LUNR $MNSO $OGI $BKKT $HBM $NU $NXT $OTRK $DFLI $DHT $ARQT $GOEV $RUM $PBH $TSHA

W - $MNDY $DT $HUT $DOLE $SHIP $CSCO $GRAB $CPA $NOTV $MAXN $IREN $KORE $FLNT $SLE $ZTO

T - $WMT $BIDU $JD $DE $LSPD $UAA $GSL $WMS $GOOS $AMAT $TTWO $DOCS $CPTR $DESP $DXC $AGRO $GLOB $ECO $FLO

F - $RBC $CAN $BRKR $HTHT

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Econ-data/events

M -

T - PPI, Powell (10am)

W - CPI, retail sales, Empire state manu', EIA Pet'

T - Weekly jobs, Phil Fed' manu, housing starts, building permits, import/export prices, indust' prod'

F - Leading indi', *OPEX*

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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... if you deserve it.
--

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

Friday 10 May 2024

Chop into the weekend

US equity indexes closed a little mixed, SPX +8pts (0.2%) at 5222. Nasdaq comp' -0.03%. Dow +0.3%. The Transports settled +0.5%. R2K -0.8%.

SPX - daily

VIX - daily

Summary

US equities opened a little higher, the SPX printing a new multi-week high of 5239. There was a little cooling to 5209, and settling at 5222. Volatility was rather typically ground lower into the weekend, the VIX settling -1.1% to 12.55.
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Sundogs (contrast/brightness altered)


          16c/60f... is fine

 

Bullish twilight

Next full moon... May 23rd


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

Goodnight from London
--

 

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

Thursday 9 May 2024

Clawing upward

US equity indexes closed on a positive note, SPX +26pts (0.5%) at 5214. Nasdaq comp' +0.3%. Dow +0.8%. The Transports settled +0.6%. R2K +1.0%

SPX - daily

VIX - daily

Summary

US equities opened in minor chop mode, but once again... the market clawed upward to break a new multi-week high of 5215, and settling at 5214. Volatility was subdued, the VIX breaking a new cycle low, settling -2.4% to 12.69.
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   Topped out

 

A fine day in May

 –
Extra charts in AH (usually around 5pm EDT) @ 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

Wednesday 8 May 2024

Midweek chop

US equity indexes closed a little mixed, SPX -0.03pts (0.00%) at 5187. Nasdaq comp' -0.2%. Dow +0.4%. The Transports settled -0.1%. R2K -0.6%

SPX - daily

VIX - daily


Summary

US equities opened a little weak, but all the bears could manage was 5165, before recovering upward, settling almost precisely flat at 5187.

Volatility remained subdued, the VIX printing a new cycle low of 12.94, and settling -1.7% to 13.00.
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            Older than yours truly


Departing London


Another fine evening


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

Goodnight from London
--

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