2024 settles

US equity indexes closed somewhat mixed, SPX -25pts (0.4%) at 5881. Nasdaq comp' -0.1%. Dow -0.9%. The Transports settled +0.1%. R2K +0.1%

SPX - daily

VIX - daily

Summary

Equities opened a little higher, but all the bulls could manage was SPX 5929, before some cooling to     , and settling moderately lower at 5881. Volatility leaned a touch lower into year end, the VIX settling -0.05% to 17.35.
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A sunless end to 2024... appropriate.

–

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

Goodnight from London
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One day remains

US equity indexes closed broadly lower, SPX -63pts (1.1%) at 5906. Nasdaq comp' -1.2%. Dow -1.0%. The Transports settled -0.9%. R2K -0.8%

SPX - daily

VIX - daily

Summary

US equities opened significantly lower, with the SPX printing a mid morning low of 5869. From there... a rather strong recovery to 5940, if resuming lower to settle at 5906.

Volatility was mixed, the VIX printing 19.22, cooling to 16.44, and settling +9.1% at 17.40.
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A rare sight

Resumed grey horror

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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 bullish week for US equity indexes, with net weekly gains ranging from +0.9% (Trans), +0.8% (Nasdaq comp'), +0.7% (SPX), +0.6% (NYSE comp'), +0.3% (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

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Summary

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

The 'old leader' - Trans, lead the way up, whilst the R2K lagged. 

Five indexes have negative weekly momentum, the exception being the Nasdaq.

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Looking ahead

It will be a short four day trading week.

Earnings: SMCI (Thurs' AH)

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Econ-data/events

M - Chicago PMI, Pending home sales

T - Case-Shiller HPI

W - *CLOSED*

T - Weekly jobs, construction

F - ISM manu'.

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Final note

We've just two trading days left of 2024.

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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.

Falling into the weekend

US equity indexes mostly closed significantly lower, SPX -66pts (1.1%) at 5970. Nasdaq comp' -1.5%. Dow -0.8%. The Transports settled -0.5%. R2K -1.5%

SPX - daily

VIX - daily

Summary

US equities opened broadly lower, with the SPX spiraling into the afternoon to 5932, if recovering to settled at 5970. Volatility picked up, the VIX printing 18.45, if cooling back to settle +8.3% at 15.95.

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   Resilience

Bullish winter fog

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

Goodnight from London
--

 

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Boxing Day

US equity indexes closed a little mixed, SPX -2pts (0.04%) at 6037. Nasdaq comp' -0.05%. Dow +0.1%. The Transports settled +0.25%. R2K +1.0%

SPX - daily

VIX - daily

Summary

US equities opened on a weak note, but all the bears could manage was SPX 6007, before rebounding to 6049, and settling at 6037. 

Volatility was mixed, the VIX printing an early high of 15.93, but cooling to settle +3.2% at 14.73.

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

Goodnight from London
--

 

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Christmas Eve

US equity indexes closed broadly higher, SPX +66pts (1.1%) at 6040. Nasdaq comp' +1.3%. Dow +0.9%. The Transports settled +0.8%. R2K +0.9%

SPX - daily

VIX - daily

Summary

Equities opened a little mixed, but there was a push upward, the SPX settling broadly higher at 6040... above key resistance of psy' 6K, and the 6030s. Volatility was ground down into Christmas, the VIX settling -12.6% to 14.67.

–
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

Santa Hopes

US equity indexes mostly closed on a positive note, SPX +43pts (0.7%) at 5974. Nasdaq comp' +1.0%. Dow +0.2%. The Transports settled +0.3%. R2K -0.25%

SPX - daily5b

VIX - daily

Summary

US equity indexes opened a little mixed. The SPX saw an early low of 5902, if recovering to settle moderately higher at 5974.  Volatility was ground lower, the VIX settling -8.6% to 16.78.

–
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 bearish week for US equity indexes, with net weekly declines ranging from -4.9% (Trans), -4.5% (R2K), -3.1% (NYSE comp'), -2.2% (Dow), -2.0% (SPX), to -1.8% (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

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Summary

All six US equity indexes were net lower for the week.

The Transports lead the way down, whilst the Nasdaq comp' was most resilient.

The Nasdaq comp' broke a new hist' high. 

Four indexes have negative weekly momentum, the two exceptions being the SPX and Nasdaq.

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Looking ahead

It will be a short 3.5 trading day week. I'd keep in mind many world markets will remain closed on Dec'26th.

Earnings:

M - $AVXL $LMNX

T - *EARLY CLOSING, 1pm EST*

W - *CLOSED for Christmas day*

T - -

F - -

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Econ-data/events

M - Consumer confidence

T -  Durable goods orders, new home sales, *EARLY CLOSING, 1pm EST*

W - *CLOSED for Christmas day*

T - Weekly jobs

F - Intl' trade, retail/wholesale inventories

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       Winter Solstice

 
Final note

There are just 5.5 trading days left of the year, and I'll leave it at that.

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.

Weak bounce

US equity indexes mostly closed on a weak note, SPX -5pts (0.1%) at 5867. Nasdaq comp' -0.1%. Dow +0.04%. The Transports settled -0.6%. R2K -0.4%

SPX - daily

VIX - daily

Summary

US equities opened on a positive note, but it was just a weak bounce after Wednesday afternoon's smack down. Price action was shaky across the day, with weakening into the close, the SPX settling fractionally lower at 5867.

Volatility was knocked lower, the VIX printing a low of 20.16, but settling -12.8% to 24.09.
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Winter Solstice is this Saturday

 

Yours truly will die alone in the shadows

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

Goodnight from London
--

 

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Post rate cut horror

US equity indexes closed powerfully lower, SPX -178pts (2.9%) at 5872. Nasdaq comp' -3.6%. Dow -2.6%. The Transports settled -2.8%. R2K -4.4%

SPX - daily

VIX - daily

Summary

US equity indexes opened a little mixed, with a little push upward, the SPX printing 6070, just 29pts shy of the recent hist' high. There was a natural holding pattern... the Powell duly arriving at 2.30pm...

 

"The economy is strong overall"

Powell effectively touted #everythingsfine , and despite rate cut'3 of -25bps, the market took a dive. 

Call it a s/t washout, call it whatever you want, but as I've said for years... 'good luck with your rate cuts', which are the ultimate equity sell signal.

With equities diving, volatility spiked the VIX printing 28.32, and settling +74.0% at 27.62 

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

Goodnight from London
--

 

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Downside ahead of the Fed

US equity indexes closed on a broadly weak note, SPX -23pts (0.4%) at 6050. Nasdaq comp' -0.3%. Dow -0.6%. The Transports settled -1.1%. R2K -1.4%

SPX - daily

VIX - daily

Summary

US equities opened a little weak, and despite a few bounce attempts, the SPX printing 6035, and settling at 6050. Volatility picked up, the VIX settling +8.0% to 15.87.

–
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