An interesting reversal

US equity indexes mostly closed on a weak note, SPX -20pts (0.3%) at 6481. Nasdaq comp' -0.03%. Dow -0.5%. The Transports settled -0.3%. R2K +0.4%

SPX - daily

VIX - daily

Summary

The day began in pre-market with the latest jobs data from the BLS...
Headline jobs: 22k vs 79k (prior rev' from 73k) 
Jobless rate: 4.3% vs 4.2% prior.

On any basis... not great. US equities still opened moderately higher, with the SPX printing a new hist' high of 6532. The opening 30/60min candle was black though, with a rather significant downside reversal to 6443. 

There was a late morning recovery into the late afternoon to settle moderately lower at 6481. 

Volatility was mixed, the VIX printing an early low of 14.74, spiking to 16.92, but cooling back to settle -0.8% to 15.18.  
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The sun sets on another week

October threatens to be... problematic.

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

Goodnight from London
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Green Thursday

US equity indexes closed on a positive note, SPX +53pts (0.8%) at 6502. Nasdaq comp' +1.0%. Dow +0.8%. The Transports settled +0.4%. R2K +1.2%

SPX - daily

VIX - daily

Summary

The day begin in pre-market with the latest ADP jobs data: 54K vs 106K (prior rev' from 104K). Not great, but hey... 'bad news is good news', right? 

Equities opened a little higher. Whilst early action was a choppy, with the SPX turning red, the bears were powerless, with a secondary push upward to settle at 6502. 

Volatility was ground lower, the VIX settling -6.4% to 15.30.  

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

Goodnight from London
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Midweek chop

US equity indexes closed mixed, SPX +32pts (0.5%) at 6448. Nasdaq comp' +1.0%. Dow -0.1%. The Transports settled -0.4%. R2K -0.2% 

SPX - daily

VIX - daily

Summary

US equity indexes opened somewhat mixed... with the SPX and Nasdaq skewed moderately higher due to GOOGL and AAPL. The SPX printing 6453, cooling to 6416, with a closing hour bounce to settle at 6448

Volatility was ground lower, the VIX settling -4.8% to 16.35. 
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The reality is... there is no hope, in the land of monsters

 

Another day closer to a sovereign bond default

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

Goodnight from London
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The final third

US equity indexes closed broadly lower, SPX -44pts (0.7%) at 6415. Nasdaq comp' -0.8%. Dow -0.5%. The Transports settled -0.8%. R2K -0.5%

SPX - daily

VIX - daily

Summary

The final third of the year began on a bearish note, the SPX printing 6360, and seeing a latter day recovery to settle at 6415. 

Volatility picked up, the VIX printing 19.38, but cooling back to settle +11.8% to 17.17

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

Goodnight from London
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Weekend update - World equity markets

It was a bullish month for most world equity markets, with net monthly changes ranging from +8.0% (China), +6.6% (Brazil), +6.2% (Russia), +4.0% (Japan), +3.2% (USA), +2.8% (South Africa), +2.7% (Australia), -0.7% (Germany), -1.7% (India), to -14.5% (Argentina).

Lets take our regular look at ten of the world equity markets.

USA - Dow

Germany – DAX

Japan – Nikkei

Brazil – Bovespa

Russia - MOEX

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 August, with three net lower.

China and Brazil lead the way up, whilst Argentina saw a severe decline.

The USA, Japanese, Brazilian, South African, and Australian markets broke new historic highs.

Nine markets are trading above their respective monthly 10MA, the exception being Argentina.

Seven markets have positive monthly momentum, the three exceptions being Russia, India, and Argentina.  

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Looking ahead

It will be a short four day week, with Monday CLOSED for Labor Day. 

Earnings:

M - CLOSED

T - $NIO $ASO $SIG $ZS $HQY

W - $DLTR $M $CPB $REVG $JILL $CXM $PSNY $CRM $CRDO $AI $AEO $GTLB $HPE $PD $ASAN $FIG $CHPT

T - $FLWS $SCVL $TTC $DAVA $CRMT $GILL $CIEN $BRC $CAL $DLTH $AVGO $LULU $DOCU $PATH $IOT $BRZE $SWBI $CPRT $GWRE $TTAN 

F - $ABM

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Econ-data/events:

M - CLOSED

T - PMI & ISM manu', construction

W - JOLTS, factory orders, vehicle sales, Fed Beige book (2pm)

T - ADP jobs, Weekly jobs, Productivity, Intl' trade, PMI & ISM serv'

F - Monthly jobs

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Enjoy the holiday weekend
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*the next post on this page will likely appear 4.20pm EDT on Tues' Sept'2nd.

August settles

US equity indexes mostly closed on a weak note, SPX -41pts (0.6%) at 6460. Nasdaq comp' -1.1%. Dow -0.2%. The Transports settled +0.01%. R2K -0.4%

SPX - daily

VIX - daily

Summary

US equities opened moderately lower... with the SPX cooling to 6344. From there... a bounce to settle at 6460. Volatility was mixed, the VIX printing 15.97, but cooling back to settle +6.4% to 15.36. 

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

Goodnight from London
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The 6500s

US equity indexes closed a little higher, SPX +20pts (0.3%) at 6501. Nasdaq comp' +0.5%. Dow +0.2%. The Transports settled +0.1%. R2K +0.2%

SPX - daily

VIX - daily

Summary

US equities saw further considerable chop, yet again... leaning upward, with the SPX printing a new hist' high of 6508, and settling at 6501. Volatility was ground lower, the VIX settling -2.8% to 14.43 
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    A day of sunshine and showers

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

Goodnight from London
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Midweek historic high

US equity indexes closed on a positive note, SPX +15pts (0.2%) at 6481. Nasdaq comp' +0.2%. Dow +0.3%. The Transports settled +0.1%. R2K +0.7% 

SPX - daily

VIX - daily

Summary

US equities opened broadly flat, but once again... the SPX leaned upward, printing a new hist' high of 6487, and settling at 6481. Volatility was muted, the VIX settling +1.6% at 14.85. 

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

Goodnight from London
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Positive leaning chop

US equity indexes closed on a positive note, SPX +26pts (0.4%) at 6465. Nasdaq comp' +0.4%. Dow +0.3%. The Transports settled +0.3%. R2K +0.9%

SPX - daily

VIX - daily

Summary

It was another rather tedious day in equity land, although the SPX did lean upward into the close, settling at 6465... just 16pts shy of the recent hist' high.

Volatility was itself subdued, the VIX settling -1.1% to 14.62. 

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

Goodnight from London
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Starting subdued

US equity indexes closed on a weak note, SPX -27pts (0.4%) at 6439. Nasdaq comp' -0.2%. Dow -0.8%. The Transports settled -1.8%. R2K -1.0%

SPX - daily

VIX - daily

Summary

US equities opened a little weak, with price action subdued for much of the day. The late afternoon saw moderate cooling to settle at 6439.

Volatility was a little mixed, the VIX printing an opening high of 15.12, cooling to 14.24, and settling +4.0% to 14.79.

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

Goodnight from London
--

 

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Weekend update - US equity indexes

It was a bullish week for most US equity indexes, with net weekly changes ranging from +3.4% (R2K), +2.8% (Trans), +1.7% (NYSE comp'), +1.5% (Dow), +0.3% (SPX), to -0.6% (Nasdaq comp').

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

Five US equity indexes were net higher for the week, with one net lower.

The R2K lead the way up, whilst the Nasdaq was moderately lower.

The Dow and NYSE comp' broke new historic highs.

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Looking ahead

Earnings:

M - $PDD $NSSC $SSL $SMTC $HEI $MOLN

T - $BMO $BNS $BEKE $ATAT $ECX $EH $DQ $HDL $CDLR $OKTA $MDB $BOX $NCNO $PVH $ELMD $JOYY $GGAL $OOMA $TUYA

W - $KSS $ANF $SJM $WSM $RY $MCFT $PLAB $DCI $TIGR $HAFN $NVDA $SNOW $CRWD $HPQ $VEEV $NTNX $URBN $FIVE $PSTG $NTAP

T - $DG $BBY $TD $CM $BBWI $BURL $DKS $OLLI $LI $LUCK $MRVL $DELL $IREN $ULTA $S $AFRM $GAP $AMBA $ESTC $WOOF

F - $BABA $DOOO $FRO

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Econ-data/events

M - New home sales

T - Durable goods orders, Case-Shiller HPI, consumer conf'

W - EIA Pet'

T - Weekly jobs, Q2 GDP (print'2), pending home sales

F - Pers' income/spending, PCE, Intl' trade, retail & wholesale invent', Chicago PMI, consumer sent'

Friday is end month, normally I'd expect dynamic price action on higher vol', but it is the lead into the Labor day holiday break, which will lean to considerable minor chop on light vol'.

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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.