Chop into end month/quarter

US equity indexes closed on a positive note, SPX +24pts (0.4%) at 5762. Nasdaq comp' +0.4%. Dow +0.04%. The Transports settled +0.7%. R2K +0.3%

SPX - daily

VIX - daily

Summary

US equities opened in minor chop mode, and remained that way into the early afternoon. The Powell appeared, with equities using it as an excuse for a very brief washout. The SPX saw a low of 5703, if seeing a mini closing hour ramp to 5765, and settling at 5762. 

Volatility was a little mixed, the VIX printing a mid afternoon high of 17.79, if cooling back to settle -1.4% to 16.73.

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

Goodnight from London
--

If you value my work on Blogger, X, and would like more of the same, then subscribe to my intraday service! For details and the latest offers, see: https://www.tradingsunset.com

Weekend update - US equity indexes

It was a bullish week for most US equity indexes, with net weekly changes ranging from +2.7% (Trans), +0.9% (Nasdaq comp'), +0.7% (NYSE comp'), +0.6% (SPX, Dow), to -0.2% (R2K).

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 'old leader' - Transports, lead the way up, whilst the R2K was marginally lower.

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

–

Looking ahead

Earnings:

M - $CCL

T - $PAYX $MKC $AYI $UNFI $NKE $LW $RGP

W - $RPM $CAG $LEVI

T - $STZ $ANGO

F - $APOG

-

Econ-data/events

M - Chicago PMI, *Powell, 1.55pm.

T - PMI/ISM manu', construction, JOLTS, vehicle sales

W - ADP jobs

T - Weekly jobs, PMI/ISM serv', factory orders

F - Monthly jobs

*As Monday is end month/Q3, I'd expect dynamic price action on VERY heavy vol'.

-

If you value my work on Blogger, X, 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
--

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

Friday's VIX was unusual

US equity indexes closed moderately mixed, SPX -7pts (0.1%) at 5738. Nasdaq comp' -0.4%. Dow +0.3%. The Transports settled +0.6%. R2K +0.7%

SPX - daily

VIX - daily

Summary

US equities opened in minor chop mode, if leaning upward to sp'5763. The late morning/early afternoon saw a little cooling to 5727, and settling at 5738.

Volatility was mixed, printing an early low of 15.24, but seeing a mini spike to settle +10.3% to 16.96.  

Typically, the VIX would be ground lower into the weekend, especially considering today's broadly subdued price action. Its arguable that the VIX is warning of something... perhaps a 'weekend surprise'.
-

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

Goodnight from London
--

 

If you value my work on Blogger, X, and would like more of the same, then subscribe to my intraday service! For details and the latest offers, see: https://www.tradingsunset.com

Black candle Thursday

US equity indexes closed moderately higher, SPX +23pts (0.4%) at 5745. Nasdaq comp' +0.6%. Dow +0.6%. The Transports settled +0.4%. R2K +0.5%

SPX - daily

VIX - daily

Summary

US equities opened broadly higher, with the SPX printing a new hist' high of 5767. The gains were shaky from the start though, with some choppy cooling into the afternoon to 5721, and settling at 5745. 

Today saw a great many black candles, as equities closed positive, but settling below their opening levels.

Volatility was a little mixed, the VIX printing an opening low of 15.17, but leaning upward to 15.83, and settling -0.3% to 15.37.

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

Goodnight from London
--

 

If you value my work on Blogger, X, and would like more of the same, then subscribe to my intraday service! For details and the latest offers, see: https://www.tradingsunset.com

Dying of paint fumes

US equity indexes mostly closed on a weak note, SPX -10pts (0.2%) at 5722. Nasdaq comp' +0.04%. Dow -0.7%. The Transports settled -0.8%. R2K -1.2% 

SPX - daily

VIX - daily

Summary

US equities opened in minor chop mode, but it was still more than enough for the usual three - SPX, Dow, and NYSE comp', to print (if fractional) new historic highs. The afternoon saw minor weakness, but broadly... its remains a whole lot of pretty tedious chop.

Volatility remained subdued, the VIX printing 15.17, and settling +0.1% at 15.41. 

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

Goodnight from London
--

 

If you value my work on Blogger, X, and would like more of the same, then subscribe to my intraday service! For details and the latest offers, see: https://www.tradingsunset.com

Just another day

US equity indexes closed on a positive note, SPX +14pts (0.25%) at 5732. Nasdaq comp' +0.6%. Dow +0.2%. The Transports settled +1.7%. R2K +0.2%

SPX - daily

VIX - daily

Summary

US equities opened fractionally higher, but the gains were a little shaky from the start, with some cooling to 5698. The late morning saw a little push upward, to break a new hist' high of 5735, and settle at 5732.

Volatility was ground lower for the 9th day of 12, the VIX settling -3.1% to 15.39
-

Mostly... grey horror

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

Goodnight from London
--

 

If you value my work (which of course... you don't) on Blogger, X, and would like more of the same, then subscribe (which you won't) to my intraday service! For details and the latest offers, see: https://www.tradingsunset.com

More fun watching paint dry

US equity indexes mostly closed on a positive note, SPX +16pts (0.3%) at 5718. Nasdaq comp' +0.1%. Dow +0.1%. The Transports settled +0.8%. R2K -0.3% 

SPX - daily

VIX - daily

Summary

*credit to regular poster WavRider for the post title.
-

Indeed, the week began with a day entirely comprised of tedious minor chop, with the SPX settling a little higher to 5718. Volatility remained subdued, the VIX printing an opening high of 16.45, but cooling back to settle -1.6% to 15.89.
-

The hack-frauds of Redlettermedia, as Hollywood and the US TV studios have no confidence to try anything new, and merely resort to existing IP.

ps. One Avatar was more than enough.

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

Goodnight from London
--

 

If you value my work on Blogger, X, and would like more of the same, then subscribe to my intraday service! For details and the latest 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 +2.2% (R2K), +1.6% (Dow), +1.5% (Nasdaq comp'), +1.4% (SPX), +1.3% (NYSE comp'), to +0.2% (Transports).

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 Transports lagged.

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

–

Looking ahead

Earnings:

M - $AIR $RCAT

T - $AZO $THO $KBH $PRGS $SFIX

W - $CTAS $MU $CNXC $JEF $FUL $WS

T - $ACN $ISPR $SNX $KMX $JBL $COST $BB $MTN $SCHL $UEC

F -

-

Econ-data/events

M - PMI serv' & manu'

T - Case-Shiller HPI, consumer conf'

W - New home sales, EIA Pet'

T - Q2 GDP (print'3), Weekly jobs, Durable goods orders, pending home sales. *Powell (9.20am)

F - Pers' income/outlays, PCE, intl' trade, retail & wholesale invent', consumer sent'

-

Subscription offers

6 months at $17 a month for $102 (+ ONE month of free time)
12 months at $15 a month for $180 (+ THREE months of free time).

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

Have a good weekend
--

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

Weak leaning quad-opex chop

US equity indexes mostly closed on a weak note, SPX -11pts (0.2%) at 5702. Nasdaq comp' -0.4%. Dow +0.1%. The Transports settled -3.5%. R2K -1.0%

SPX - daily

VIX - daily

Summary

US equities opened a little weak, but all the bears could manage was 5674, and settling a little lower at 5702. Volatility was ground lower into the weekend, the VIX settling -1.1% to 16.15.
-

Just one full day of summer remains

The lighting is always a little different

Perhaps the best (max zoom 332x) moon pic I've ever taken

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

Goodnight from London
--

 
If you value my work on Blogger, X, and would like more of the same, then subscribe to my intraday service! For details and the latest offers, see: https://www.tradingsunset.com

A very green Thursday

US equity indexes closed very significantly higher, SPX +75pts (1.7%) at 5713. Nasdaq comp' +2.5%. Dow +1.3%. The Transports settled +1.6%. R2K +2.1%

SPX - daily

VIX - daily

Summary

US equities opened very significantly higher. The gains were actually a little shaky, but the bears were largely powerless, with the SPX powering upward to a new hist' high of 5733, and settling at 5713.

Volatility was naturally ground lower, the VIX settling -10.4% to 16.33.
-

21c/70f is Goldilocks

 

Bullish to the moon

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

Goodnight from London
--

 

If you value my work on Blogger, X, and would like more of the same, then subscribe to my intraday service! For details and the latest offers, see: https://www.tradingsunset.com

The Fed panic

US equity indexes closed a little mixed, SPX -16pts (0.3%) at 5618. Nasdaq comp' -0.3%. Dow -0.2%. The Transports settled +0.4%. R2K u/c

SPX - daily

VIX - daily

Summary

US equities saw a natural holding pattern into the 2pm press release from the Fed.

The Fed cut rates by -50bps to 4.75-5.00%.
On any basis... its to be seen as a sign of panic.

Jerome 'Panic' Powell

Equities initially jumped, with the SPX printing a new hist' high of 5689, but the gains were shaky, with the SPX cooling back to 5615, and settling at 5618.

Volatility was very mixed, the VIX printing 19.39 (skewed due to OPEX), cooling to 17.11, and settling +3.5% to 18.23
-

A fine late summer day

 

Post full moon

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

Goodnight from London
--

 

If you value my work on Blogger, X, and would like more of the same, then subscribe to my intraday service! For details and the latest offers, see: https://www.tradingsunset.com