Weekend update - World equity markets

It was a mixed month for world equity markets, with net monthly changes ranging from +22.3% (Argentina), +7.5% (USA), +3.3% (Australia), +2.9% (Germany), +1.4% (China), +0.5% (Russia, India), -1.4% (South Africa), -2.2% (Japan), to -2.9% (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

Seven world equity markets were net higher for November, with three net lower.

Argentina was monstrously higher, whilst Brazil was rather powerfully lower.

The USA, Argentinian, and Australian markets broke new historic highs.

Seven world markets have positive monthly momentum, and are trading above their respective monthly 10MA. The three exceptions were Japan, Brazil, and Russia.

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Looking ahead

Earnings:

M - $CLSK $ZS $CRDO

T - $BNS $CNM $DCI $CRM $OKTA $MRVL $PSTG $BOX $CURV $BASE $DSGX

W - $CHWY $FL $DLTR $RY $THO $CPB $CBRL $HRL $DAKT $SCWX $S $AEO $FIVE $SNPS $CHPT $PVH $AVAV $NCO $GEF $VRNT

T - $DG $TD $BBW $CSIQ $SIG $BMO $MEI $CAL $KR $CM $LULU $PATH $ULTA $DOCU $GTLB $HPE $IOT $VEEV $WOOF $ASAN

F - $DOOO $GCO

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Econ-data/events:

M - PMI/ISM manu', construction

T - JOLTS, vehicle sales

W - ADP jobs, PMI/ISM serv', factory orders, *Powell (1.45pm)*, Fed Beige book (2pm)

T - Weekly jobs, intl' trade

F - Monthly jobs, consumer sent', consumer credit

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Final note

We've just 21 trading days left of 2024... and perhaps... that is all that needs to be said.

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

Short and sweet

US equity indexes closed moderately higher, SPX +33pts (0.6%) at 6012. Nasdaq comp' +0.8%. Dow +0.4%. The Transports settled +0.05%. R2K +0.7%

SPX - daily

VIX - daily

Summary

US equities opened a little choppy, if leaning on the positive side. The SPX printed a new hist' high of 6044, and settling moderately higher at 6032.

Volatility was naturally ground lower into the weekend, the VIX settling -4.2% to 13.51.
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Winter solstice isn't far away

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

Goodnight from London
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Into Thanksgiving

US equity indexes mostly closed on a weak note, SPX -22pts (0.4%) at 5998. Nasdaq comp' -0.6%. Dow -0.3%. The Transports settled -0.5%. R2K +0.1% 

SPX - daily

VIX - daily

Summary

US equity indexes opened a little mixed. The SPX and Nasdaq were resilient, but even they turned red by late morning. The SPX saw an afternoon low of 5984, and settling moderately lower at 5998

Volatility was naturally muted into Thanksgiving, the VIX settling u/c at 14.10.

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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 subdued new historic high

US equity indexes closed mixed, SPX +34pts (0.6%) at 6021. Nasdaq comp' +0.6%. Dow +0.3%. The Transports settled -0.3%. R2K -0.7%

SPX - daily

VIX - daily

Summary

US equity indexes opened rather mixed, Whilst the Dow, R2K, and Trans were red, the SPX did lean upward to print a new hist' high of 6025, and settling at 6021. Volatility was ground lower for a fourth consecutive day, the VIX settling -3.4% to 14.10.
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        Ready for winter

      Bullish construction

  A fine day

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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 +18pts (0.3%) at 5987. Nasdaq comp' +0.3%. Dow +1.0%. The Transports settled +2.2%. R2K +1.5%

SPX - daily

VIX - daily

Summary

US equities opened on a positive note, the SPX, Dow, R2K, and NYSE comp' breaking new historic highs. The SPX cooled back from 6020 to 5963, and settling at 5987.

Volatility was ground lower for a third day, the VIX settling -4.2% to 14.60.
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   10c/50f

Skyward

–
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 bullish week for US equity indexes, with net weekly gains ranging from +4.5% (R2K), +2.4% (NYSE comp'), +2.0% (Dow), +1.7% (SPX, Nasdaq comp'), to +0.8% (Trans).

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 were higher for the week.

The R2K lead the way up, whilst the Transports lagged.

The NYSE comp' broke a new hist' high.

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Looking ahead

With Thanksgiving, it will be a short trading week of just 3.5 days

Earnings

M - $BBWI $ZM $BLBD $FLNC $A $WWD $SMTC $API $LESL

T - $ANF $KSS $BBY $M $DKS $BURL $ADI $MANU $DELL $CRWD $WDAY $ADSK $HPQ $AMBA $URBN $DDD $NTNX

W - $GOGL $HAFN

T - *CLOSED for Thanksgiving*

F - $MNSO   *EARLY CLOSING 1pm EST*

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Econ-data/events

M -

T - Case Shiller HPI, Durable goods, Intl' trade,

W - Weekly jobs, Q3 GDP (print'2), Chicago PMI, Pers' income/spending, PCE, Retail & Wholesale invent', Pending home sales

T - *CLOSED for Thanksgiving*

F - *EARLY CLOSING 1pm EST*

*As Friday is end month, I'd normally expect dynamic price action on higher vol', although being a half day, many won't show up. On balance... it should be 'subdued'. 

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Final note

The USA and UK committed acts of war against Russia this past week, but the market didn't care for more than a few hours. You can argue the collective of the mainstream are just stupid, in denial, or psychotic. Whatever it is... these are the most dangerous times in human history, or at least since Toba (Indonesian Super Volcano) went boom some 74,000 years ago.

I have regularly ended these weekend posts by asking if you have enough popcorn for the big show. Well, we're likely in the peak of the second act. I just wonder how many of us will make it into the third act.

Subscribe... before the Russian missiles start landing in London.

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 EST on Monday.

Positive into the weekend

US equity indexes closed on a positive note, SPX +20pts (0.3%) at 5969. Nasdaq comp' +0.2%. Dow +1.0%. The Transports settled +1.1%. R2K +1.8%

SPX - daily

VIX - daily

Summary

US equities opened in minor chop mode. The SPX leaned upward to 5972, and settling moderately higher at 5969. Volatility was ground lower into the weekend, the VIX settling -9.7% to 15.24.

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A brief ray of hope

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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 positive Thursday

US equity indexes mostly closed broadly higher, SPX +31pts (0.5%) at 5948. Nasdaq comp' +0.03%. Dow +1.4%. The Transports settled +0.8%. R2K +1.5%

SPX - daily

VIX - daily

Summary

US equities opened moderately higher, but the gains were very shaky, with the SPX swinging from around +30pts to -15pts within the opening 9mins. The SPX printed 5887, before recovering to 5963, and settling moderately higher at 5948.

Volatility was mixed, an opening low of 15.73, a mini spike to 17.99, and settling -1.7% to 16.87.

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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 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

–
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