Weekend update - World equity markets

It was a bullish month for most world equity markets, with net monthly changes ranging from +19.6% (Argentina), +4.6% (Germany), +3.1% (Japan), +2.4% (Australia), +2.1% (USA), +1.9% (South Africa), +1.6% (India), +0.9% (China), -0.1% (Russia), to -0.6% (Brazil).

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 higher for March, with two net lower.

Argentina lead the way up, whilst neighbouring Brazil struggled.

The USA, German, Japanese, Indian, and Australian markets broke new historic highs. 

Eight world equity markets have positive monthly momentum, are trading above their respective monthly 10MA, the two exceptions being China and South Africa.

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Looking ahead

Earnings:

M - PVH

T - PAYX, PLAY, CALM

W - AYI, BB, LEVI

T - LW, CAG, SMPL, ANGO, LNN, RPM, KRUS

F - GBX

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Econ-data/events:

M - PMI/ISM manu', construction

T - Factory orders, JOLTS, vehicle sales

W - ADP jobs, PMI/ISM serv'

T - Weekly jobs, intl' trade

F - Monthly jobs, Consumer credit (3pm) 

*UK/European clocks will jump ahead one hour, early Sunday, March 31st.

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Final note

It was a net bullish month for the collective of global equity markets, as the mainstream cheerleaders and associated 'smart guys', continue to tout the #everythingisfine narrative. 

You can argue the econ-data and earnings are coming in 'okay', but I'd be more focused on the societal trends than economic. 

Gold is telling you something. It didn't just print a new historic high of $2246 for no reason. You're aware of the dozens of geo-political tinderboxes across planet Krazy, right? 

Whilst yours truly sees major trading/investment opportunities in the months ahead, if one or more of the 'wild cards' plays out, the green/red flashing boxes on our screens, might become the least of our concerns. 

I should probably order more popcorn... or rather chocolate (before hyper-spiking Cocoa prices feed through into end product prices!). Enjoy the show.

 
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Have a good Easter
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*the next post on this page will likely appear 4.20pm EDT on Monday, April 1st. 

March/Q1 settles

US equity indexes mostly closed on a positive note, SPX +5pts (0.1%) at 5254. Nasdaq comp' -0.1%. Dow +0.1%. The Transports settled +1.1%. R2K +0.3%

SPX - daily

VIX - daily

Summary

US equities opened in minor chop mode. The SPX clawed upward to break a new hist' high of 5264, if cooling back to settle at 5254. Volatility was subdued into the long weekend, settling +1.8% to 13.01.

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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 green Wednesday

US equity indexes closed broadly higher, SPX +44pts (0.9%) at 5248. Nasdaq comp' +0.5%. Dow +1.2%. The Transports settled +1.1%. R2K +2.2%

SPX - daily

 

VIX - daily

Summary

US equities opened moderately higher, with all of Tuesday's closing hour drop quickly negated. The opening gains were shaky though, with some cooling to 5213. The afternoon saw a secondary push upward, with a closing hour mini ramp, the SPX settling at 5248.

Volatility was ground lower, the VIX settling -3.5% to 12.78.
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Even more green than the SPX

Bullish construction

      A fine sunset

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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 weak closing hour

US equity indexes closed a little lower, SPX -14pts (0.3%) at 5203. Nasdaq comp' -0.4%. Dow -0.1%. The Transports settled -0.4%. R2K -0.2%

SPX - daily

VIX - daily

Summary

US equities opened moderately higher to 5235. The gains were shaky though, with the SPX seeing considerable chop, with a mini spiral lower in the closing hour to settle at 5203.

Volatility was a little mixed, the VIX printing 13.48, cooling to 12.84, with a closing hour mini spike to settle +0.4% to 13.24.

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

Goodnight from London
--

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Weak leaning chop

US equity indexes mostly closed on a weak note, SPX -15pts (0.3%) at 5218. Nasdaq comp' -0.3%. Dow -0.4%. The Transports settled -0.6%. R2K +0.2%

SPX - daily

VIX - daily

Summary

Equities began the short week in minor chop mode... if leaning on the weaker side, which continued across the day, settling at 5218. Volatility was muted, the VIX printing 13.48, if cooling to settle +1.0% to 13.19.

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

Goodnight from London
--

 

Spring/Easter offers, see: https://www.tradingsunset.com

Weekend update - US equity indexes

It was a bullish week for US equity indexes, with net weekly gains ranging from +3.3% (Trans), +2.8% (Nasdaq comp'), +2.3% (SPX), +2.0% (Dow), +1.6% (R2K), to +1.5% (NYSE 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

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

The 'old leader' - Trans, lead the way up, with the NYSE comp' lagging.

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

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Looking ahead

It will be a short four day trading week, with the market CLOSED for Good Friday.

Earnings:

M -

T - SNX, MKC, GME

W - CCL, CTAS, PAYX, LE, RUM, RH, BRZE, FUL

T - WBA, HUT, SMTC, PL

F - *CLOSED*

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Econ-data/events

M - New home sales

T - Durable goods orders, Case-Shiller HPI, consumer conf'

W - EIA Pet' report

T - Weekly jobs, Q4 GDP (print'3), pending home sales, consumer sent',

F - *CLOSED*, Intl' trade, Pers' income/outlays, PCE, retail & wholesale invent',
      *Powell, 11.30am (event unknown)

*with Friday CLOSED for Good Friday, I'd expect the preceding Thursday to be pretty quiet on very low vol'.
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             Day'3 of Spring

Final note

It was another week for the equity bulls, with a quartet of historic highs. Its not just the USA though, with Germany, Japan, India, and Australia also at record levels. 

Other than a geo-political wild card, the equity bears can't expect any sustained/powerful downside, any earlier than the flip side of Labor day (Sept'2nd). 

For now, the #everythingisfine narrative is intact, not that I agree with such a mainstream notion. For most... every day is a gods damn nightmare.

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Spring/Easter subscription offers >>> https://www.tradingsunset.com

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

Chop into the weekend

US equity indexes closed a little mixed, SPX -7pts (0.1%) at 5234. Nasdaq comp' +0.2%. Dow -0.8%. The Transports settled +0.1%. R2K -1.3%

SPX - daily

VIX - daily

Summary

US equities opened in minor chop mode, and remained that way across the day, the SPX settling fractionally lower at 5234. Volatility was a little mixed, the VIX settling +1.1% to 13.06.
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A fine spring day

–

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

Goodnight from London
--

 

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Reddit Thursday

US equity indexes closed on a positive note, SPX +16pts (0.3%) at 5241. Nasdaq comp' +0.2%. Dow +0.7%. The Transports settled +1.1%. R2K +1.1%.

SPX - daily

VIX - daily

Summary

US equities opened moderately higher, with the SPX printing a new hist' high of 5561.

From there... considerable chop, if cooling a little to settle at 5241.
Volatility was a little mixed, the VIX printing 12.40, if recovering to settle -1.0% to 12.91. 

As for Reddit...

 

 The IPO price was $34.00, the stock opened at $47.00, spiked to $57.80, cooled to $45.05, and settling at $50.44.
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Two green exits... MU, UEC

        The first day of spring

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

Goodnight from London
--

 

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Winter concludes

US equity indexes closed significantly higher, SPX +46pts (0.9%) at 5224. Nasdaq comp' +1.2%. Dow +1.0%. The Transports settled +1.8%. R2K +1.9%

SPX - daily

VIX - daily

Summary

US equities saw micro churn into the 2pm press release from Print Central. Not surprisingly, the Fed left rates unchanged, although the SPX did battle upward to a new hist' high of 5226, and settling at 5224.

With the Fed out of the way, volatility was ground lower for a third day, the VIX settling -5.6% to 13.04.
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The sun sets on winter 2023/24

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

Goodnight from London
--

 

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