Thursday, 31 October 2024

Red Halloween

US equity indexes mostly closed very significantly lower, SPX -108pts (1.9%) at 5705. Nasdaq comp' -2.8%. Dow -0.9%. The Transports settled -0.4%. R2K -1.7%

SPX - daily

VIX - daily

Summary

US equities opened broadly lower, with the SPX settling very significantly lower to 5705. Volatility picked up, the VIX settling +13.8% to 23.16.


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

Goodnight from London
--

 

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Wednesday, 30 October 2024

Wednesday is garbage day

US equity indexes mostly closed a little weak, SPX -19pts (0.3%) at 5813. Nasdaq comp' -0.6%. Dow -0.2%. The Transports settled +0.1%. R2K -0.1% 

SPX - daily

VIX - daily

Summary

US equities saw considerable chop, if ending on a slightly weak note, the SPX settling at 5813.

Volatility was a little mixed, the VIX printing an opening high of 20.36, cooling to 19.40, and resuming upward to settle +5.2% to 20.35. 
-

With Biden deeming red team supporters as 'Garbage', I'm reminded of...


... as Wednesday is garbage day in the land of yours truly.


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

Goodnight from London
--


 

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Tuesday, 29 October 2024

Mixed Tuesday

US equity indexes closed rather mixed, SPX +9pts (0.2%) at 5832. Nasdaq comp' +0.8%. Dow -0.4%. The Transports settled +0.1%. R2K -0.3%

SPX - daily

VIX - daily

Summary

US equities opened on a weak note, but all the bears could manage was 5802. From there... a push into the late afternoon to 5847, and settling at 5832. Volatility was a little mixed, the VIX printing 20.53, but cooling back to settle -2.3% at 19.34.


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

Goodnight from London
--


 

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Monday, 28 October 2024

A positive Monday

US equity indexes closed on a positive note, SPX +15pts (0.3%) at 5823. Nasdaq comp' +0.3%. Dow +0.6%. The Transports settled +1.2%. R2K +1.6%

SPX - daily

VIX - daily

Summary

US equities opened moderately higher, with the SPX printing 5842. There was a little afternoon cooling to settle at 5823. Volatility was ground lower, the VIX settling -2.6% to 19.80.


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

Goodnight from London
--


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Saturday, 26 October 2024

Weekend update - US equity indexes

It was a bearish week for most US equity indexes, with net weekly changes ranging from -3.0% (R2K), -2.7% (Dow), -2.2% (NYSE comp'), -1.7% (Trans), -1.0% (SPX), to +0.2% (Nasdaq comp').

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 lower for the week, with one net higher.

The R2K was powerfully lower, whilst the Nasdaq comp' was marginally higher.

The Nasdaq comp' broke a new historic high.

Looking ahead

A very busy week is ahead, with a truck load of earnings, and some key economic data.

Earnings:

M - $ON $PHG $CX $CNP $PRCT $AKR $BOH $SJW $F $TMDX $CDNS $WM $RMBS $VFC $FFIV $BRO $AMKR $UCTT

T - $MCD $PFE $RCL $SOFI $PYPL $BP $JBLU $CROX $THC $EPD $AMD $GOOGL $SNAP $CMG $V $FSLR $RDDT $QRVO $CB $ENVX 

W - $LLY $CAT $HUM $GPN $TRIN $BIBB $EAT $ADP $JKS $SAN $MSFT $META $COIN $HOOD $NOVA $ETSY $RIOT $ROKU $CVNA $SBUX

T - $UBER $PTON $MRK $COP $SIRI $MO $MA $EL $K $NCLH $AMZN $AAPL $INTC $TEAM $ICFI $EGO $ARDX $AES $NINE $X

F - $CVX $XOM $D $W $FUBO $CHTR $OXLC $BFLY

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Econ-data/events

M -

T - Case-Shiller HPI, consumer conf', JOLTS

W - ADP jobs, GDP Q3 (print'1), Intl' trade, retail & wholesale invent', EIA Pet'

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

F - Monthly jobs, construction, ISM manu', vehicle sales

* UK/European clocks go back one hour at 2am, Sunday, Oct'27th.
The USA will follow Nov'3rd

**As Thursday is end month, I'd expect dynamic price action on high vol'.

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Have a good weekend
--

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

Friday, 25 October 2024

Fading into the weekend

US equity indexes closed mixed, SPX -1pt (0.03%) at 5808. Nasdaq comp' +0.6%. Dow -0.6%. The Transports settled +0.2%. R2K -0.4%

SPX - daily

VIX - daily

Summary

US equities opened on a moderately positive note, with the Nasdaq comp' even breaking a new hist' high. The SPX saw a mid morning high of 5862, but there was some cooling to 5799, and settling at 5808.

Volatility was mixed, the VIX printing a low of 18.23, spiking to 20.51, and settling +6.5% to 20.33.


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

Goodnight from London
--


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Thursday, 24 October 2024

A mixed Thursday

US equity indexes closed a little mixed, SPX +12pts (0.2%) at 5809. Nasdaq comp' +0.8%. Dow -0.3%. The Transports settled -0.1%. R2K +0.2%

SPX - daily

VIX - daily

Summary

US equities opened moderately higher, but the gains were shaky from the start. The SPX cooled from 5817 to 5784. The afternoon saw a choppy bounce to settle marginally higher at 5809.

Volatility was a little mixed, the VIX printing 20.24, if cooling back to settle -0.8% to 19.08.

-

        A pretty standard Fall day


Just two full days remain of British Summer Time


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

Goodnight from London
--


 

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Wednesday, 23 October 2024

Midweek downside

US equity indexes closed significantly lower, SPX -53pts (0.9%) at 5797. Nasdaq comp' -1.6%. Dow -1.0%. The Transports settled -1.0%. R2K -0.9%

SPX - daily

VIX - daily

Summary

US equities opened on a weak note, with the SPX sliding into the mid afternoon to print a low of 5762, with a moderate recovery to settle at 5797. Volatility picked up, the VIX printing 20.47, if cooling back to settle +5.7% to 19.24.
-

 

Another fine Fall day

Delta Airlines (DAL) departing London


Soon... the clocks to roll back one hour

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

Goodnight from London
--


 

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Tuesday, 22 October 2024

Tuesday chop

US equity indexes closed a little mixed, SPX -2pts (0.05%) at 5851. Nasdaq comp' +0.2%. Dow -0.02%. The Transports settled +0.4%. R2K -0.4% 

SPX - daily

VIX - daily

Summary

US equities opened on a moderately weak note, but all the bears could manage was 5821, before a recovery to 5863, and settling at 5851. Volatility was ground lower for the 8th day of 11, the VIX settling -0.9% to 18.20.

-

   Fall colours


... around 5.15pm BST, in five days... this sun will be 4.05pm GMT


The fall continues


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

Goodnight from London
--


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Monday, 21 October 2024

A little red

US equity indexes mostly closed on a weak note, SPX -10pts (0.2%) at 5853. Nasdaq comp' +0.3%. Dow -0.8%. The Transports settled -1.2%. R2K -1.6%

SPX - daily

VIX - daily

Summary

US equities opened in minor chop mode, but did take a broad swing lower, the SPX printing 5824, if recovering to settle at 5853. Volatility was a little mixed, the VIX printing 19.34, if cooling back to settle +1.9% at 18.37.
-


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

Goodnight from London
--


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Saturday, 19 October 2024

Weekend update - US equity indexes

It was a bullish week for US equity indexes, with net weekly gains ranging from +2.0% (R2K), +1.0% (Dow), +0.9% (NYSE comp', Trans), to +0.8% (SPX, Nasdaq comp').

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

sp'500

Nasdaq comp'

Dow

R2K

NYSE comp'

Trans

Summary

Six US equity indexes settled net higher for the week.

The R2K lead the way up, whilst the SPX and Nasdaq lagged.

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

Looking ahead

Earnings:

M - $DX $HBT $SAP $NUE $WRB $BOKF $LOGI $ZION $AGNC $WASH $TFB $RLI

T - $VZ $GM $MMM $RTX $LMT $GE $FCX $DGX $PM $SHW $ENPH $BDN $STX $BKR $VLRS $TXN $CNI $ENVA $NBR $PFSI

W - $BA $T $KO $VRT $NEE $GEV $TMO $CME $BSX $GD $TSLA $LRCX $IBM $CLS $NEM $NOW $QS $VKTX $TMUS $LVS 

T - $AAL $UPS $LUV $NDAQ $LKQ $CARR $TSCO $UNP $OSIS $TPH $DXCM $DECK $WDC $SKX $EW $BYD $COUR $TXRH $APPF $KNSL

F - $NYCB $CL $PIPR $WT $SAIA $POR $NWL $CNC $BAH $AON

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Econ-data/events

M - leading indicators

T -

W - Existing home sales, EIA Pet', Fed Beige book (2pm)

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

F - Durable goods orders, consumer sent'

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Have a good weekend
--

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