Midweek spooky news

US equity indexes closed a little mixed, SPX +0.1pts (0.00%) at 5917. Nasdaq comp' -0.1%. Dow +0.3%. The Transports settled -0.1%. R2K +0.1%

SPX - daily

VIX - daily

Summary

US equities opened broadly flat, but there was some 'spooky news'... with the UK committing an act of war against Russia, having fired a barrage of 'Storm Shadow' missiles into the Kursk region.

The SPX cooled to 5860, if recovering to settle effectively flat.

Volatility picked up, the VIX printing 18.79, but cooling back to settle +4.9% at 17.16 
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Sunny... after some snow showers

Ready for winter

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

Goodnight from London
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Today was worse than yesterday

US equity indexes closed rather mixed, SPX +23pts (0.4%) at 5916. Nasdaq comp'+1.0%. Dow -0.3%. The Transports settled -0.7%. R2K +0.7%

SPX - daily

VIX - daily

Summary

US equities took a significant dive in pre-market, with news that Ukrainians - or rather US operatives, launched a missile attack on Russia. The SPX was -60pts, if opening -40pts or so.

The afternoon saw considerable chop... with the SPX stalling from last Friday's gap, to settle at 5916. 

Volatility was rather mixed, the VIX printing an opening high of 17.07, but cooling back to settle +4.9% at 16.35.

Matters on planet Krazy are worse, and I hold to the notion that today was worse than yesterday... with tomorrow to be worse than today.

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

Goodnight from London
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Mostly positive

US equity indexes closed somewhat mixed, SPX +23pts (0.4%) at 5893. Nasdaq comp' +0.6%. Dow -0.1%. The Transports settled -0.5%. R2K +0.2%

SPX - daily

VIX - daily

Summary

US equities opened broadly flat... if leaning upward, the SPX printing 5908... just 4pts shy of tagging green gap. The afternoon was very subdued, if a touch of cooling to 5893. 

Volatility was a little mixed, the VIX opening to 16.70, but cooling back to settle -3.5% to 15.58.

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

Goodnight from London
--

 

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Weekend update - US equity indexes

It was a bearish week for US equity indexes, with net weekly declines ranging from -4.0% (R2K), -3.1% (Nasdaq comp'), -2.1% (SPX), -1.5% (NYSE comp'), -1.2% (Dow), to -0.7% (Transports).

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

Six US equity indexes were net lower for the week

The R2K lead the way down, whilst the Transports was most resilient.

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

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Looking ahead

Earnings:

M - $SYM $TCOM $BRBR $TUYA $ACM $ZENV $IIIV $NRXP

T - $WMT $LOW $WKHS $XPEV $MDT $VIPS $KEYS $LZB $POWL $AZEK $ZTO $KORE $DLB $DNMR $SBLK $QFIN

W - $TGT $TJX $ZIM $NIO $WIX $DY $WSM $BERY $GLBE $NVDA $SNOW $PANW $JACK $CPA $SQM $MMS $CCIF $ESEA $BBAR

T - $DE $BIDU $PDD $BJ $VSTS $WMG $IQ $SCVL $INTU $ESTC $GAP $ROST $NTAP $CPRT $UGI $MATW $NGVC

F -

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Econ-data/events

M - Home builder conf'

T - Housing starts, building permits

W - EIA Pet'

T - Weekly jobs, Phil' Fed' Manu', Existing home sales, leading indicators

F - PMI serv', PMI manu', consumer sent'

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Final note

Whilst all six indexes were net lower for the week, was it really a net bearish week? Did everyone already forget that five of the six indexes printed new historic highs on Monday?

Friday's downside was unusual for an OPEX, but again... that is from new historic highs. The bulls have NOTHING to prove, as the m/t trend remains unquestionably strong.

Until we get a monthly settlement under the monthly 10MA (SPX <5400 to be decisive), anyone getting bearish needs to grab a large handful of tranquiliser pills, or something similar. 

Ohh, and all those geo-political wild cards... they are still ticking. Trump winning a third term (we now have confirmation 2020 was almost certainly rigged), isn't going to do much, other than stall a few of the tinderboxes out there. 

If you read around, you can see the usual suspects pumping their favoured asset classes, not least crypto. If you think the various dystopian regimes are going to 'permit' that for much longer, you'll reading the wrong blog.

 

Stasi... apparently grabbing people entering the London jurisdiction

... and in the land of yours truly... every day is worse. Corrupt courts, a Stasi-esque police force going door to door, going after thousands of 'mean tweet' people. There is also a distinct push from the Herr Starmer regime to outlaw 'citizen journalism'. I'll be surprised if I make it into 2025.

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

A bearish OPEX

US equity indexes closed significantly lower, SPX -78pts (1.3%) at 5870. Nasdaq comp' -2.2%. Dow -0.7%. The Transports settled -1.5%. R2K -1.1%

SPX - daily

VIX - daily

Summary

US equities opened broadly lower, with the SPX falling into the mid afternoon, printing a low of 5853, and settling at 5870. For an OPEX, it was unusually bearish.

Volatility picked up, the VIX printing 17.55, if cooling back to settle +12.8% to 16.14.
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A fine sunset... in the failed state of the UK

  A simple life

100%

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

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

–

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.

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