Thursday, 23 October 2025

Thursday fireworks

US equity indexes mostly closed on a positive note, SPX +39pts (0.6%) at 6738. Nasdaq comp' +0.9%. Dow +0.3%. The Transports settled -1.9%. R2K +1.3%

SPX - daily

VIX - daily


Summary

US equities opened a little weak, but all the bears could manage was 6700, with a recovery to 6749, and settling at 6738. Volatility was ground lower for the fourth day of five, settling -7.0% to 17.30.
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Bullish fireworks

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Wednesday, 22 October 2025

The trade headlines continue

US equity indexes closed broadly lower, SPX -35pts (0.5%) at 6699. Nasdaq comp' -0.9%. Dow -0.7%. The Transports settled -1.4%. R2K -1.5%

SPX - daily

VIX - daily

Summary

US equities opened broadly flat, if taking a sig' swing lower on another trade related headline, the SPX printing 6655, and settling at 6699.  Volatility picked up, the VIX printing 21.01, and cooling back to settle +4.1% at 18.60. 

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Tuesday, 21 October 2025

Bullish consolidation

US equity indexes closed mixed, SPX +0.2pts (0.00%) at 6735. Nasdaq comp' -0.2%. Dow +0.5%. The Transports settled +0.8%. R2K -0.4%

SPX - daily

VIX - daily

Summary

US equities opened broadly flat. Despite considerable chop, the bulls did manage a new s/t high of 6752, if cooling back to settle almost precisely flat at 6735.  Volatility was ground lower for a third consecutive day, the VIX settling -2.0% to 17.87. 
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Monday, 20 October 2025

A green Monday

US equity indexes closed sig' higher, SPX +71pts (1.1%) at 6735. Nasdaq comp' +1.4%. Dow +1.1%. The Transports settled +0.9%. R2K +1.9%

SPX - daily

VIX - daily


Summary

US equities began the week on a broadly positive note, the SPX building significant gains to 6744, and settling at 6735.  Volatility was ground lower, the VIX settling -12.3% to 18.23. 

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Saturday, 18 October 2025

Weekend update - US equity indexes

It was a bullish week for US equity indexes, with net weekly gains ranging from +4.0% (Trans), +2.4% (R2K), +2.1% (Nasdaq), +1.7% (SPX), +1.6% (Dow), to +1.5% (NYSE comp').

Lets take our regular look at six of the main US indexes

sp'500

Nasdaq comp'

Dow

R2K

NYSE comp'

Trans

Summary

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

The Transports lead the way up, whilst the NYSE comp' lagged.

The R2K broke a new historic high. 

Weekly momentum continues to weaken in most indexes, with the Transports having turned negative last week.  

Looking ahead

Another busy week is ahead, with a truckload of earnings...

Earnings:

M - $CLF $DX $STRR $HBT $SDVKY $SMMT $AGNC $CCK $STLD $ZION $WTFC $FLXS $RLI $BOKF $CADE $SFBS 

T - $KO $GE $ELV $LMT $RTX $NOC $PM $MMM $PHM $GM $NFLX $ISRG $TXN $COF $MAT $EQT $EWBC $WCN $NBHC $OMC 

W - $APH $GEV $VRT $BSX $HLT $T $TMHC $TECK $TMO $WGO $TSLA $IBM $KMI $QS $CCS $TCBI $SAP $AA $LRCX $KNX  

T - $AAL $FCX $HON $DOW $HAS $DOV $NOK $AN $TMUS $INTC $NEM $ALK $NXT $DECK $BYD $F $PINE $DOC $BY 

F - $PG $GD $BAH $GNTX $FLG $ITW $FHB $HCA $EAT $VRTS 

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Econ-data/events

*some data subject to not appearing if the US Govt' shutdown continues 

M - Leading indicators

T - -

W - EIA Pet; report

T - Weekly jobs, existing home sales

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

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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.

Friday, 17 October 2025

OPEX chop

US equity indexes mostly closed on a positive note, SPX +34pts (0.5%) at 6664. Nasdaq comp' +0.5%. Dow +0.5%. The Transports settled +0.1%. R2K -0.7% 

SPX - daily

VIX - daily

Summary

US equities opened a little weak, with a low of 6603, recovering to 6678, and settling moderately higher at 6664. Volatility was ground lower into the weekend, the VIX settling -17.9% to 20.78. 

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Thursday, 16 October 2025

Unstable price action

US equity indexes mostly closed broadly lower, SPX -41pts (0.6%) at 6629. Nasdaq comp' -0.5%. Dow -0.6%. The Transports settled +1.0%. R2K -2.2%

SPX - daily

VIX - daily

Summary

US equities opened on a positive note, the SPX printing 6709. The gains were shaky from the start though, with a significant swing lower to 6593, and settling at broadly lower at 6629.

Volatility picked up, the VIX printing a new cycle high of 25.43, and settling +22.6% to 25.31. 

Goodnight from London
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Wednesday, 15 October 2025

Midweek swings

US equity indexes closed somewhat mixed, SPX +26pts (0.4%) at 6671. Nasdaq comp' +0.7%. Dow -0.04%. The Transports settled u/c. R2K +0.9%

SPX - daily

VIX - daily

Summary

US equities opened broadly higher, with the SPX building sig' gains to 6724. There was a significant swing lower to 6612, and recovering to settle moderately at 6671. Volatility was mixed, the VIX printing an early low of 19.11, a spike to 22.44, and cooling back to settle -0.8% at 20.64. 


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

Goodnight from London
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Tuesday, 14 October 2025

Turnaround Tuesday

US equity indexes closed rather mixed, SPX -10pts (0.2%) at 6644. Nasdaq comp' -0.8%. Dow +0.4%. The Transports settled +1.7%. R2K +1.4%

SPX - daily

VIX - daily

Summary

US equities opened significantly lower on China's “If you wish to fight, we shall fight to the end”.
The SPX printed an opening low of 6555... 5pts above the Friday low.

From there... a turnaround to print a high of 6680. A Trump post on Truth Social (complaining about the Chinese not buying Soybeans) saw closing hour cooling to settle at 6644. 

Volatility was very mixed, the VIX printing a new cycle high of 22.94, but cooling back to 19.18, and settling +9.3% to 20.81. 


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

Goodnight from London
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Monday, 13 October 2025

Bouncy Monday

US equity indexes closed significantly higher, SPX +102pts (1.6%) at 6654. Nasdaq comp' +2.2%. Dow +1.3%. The Transports settled +1.1%. R2K +2.8%

SPX - daily

VIX - daily

Summary

Equities opened significantly higher, and whilst the early gains were shaky, there was a secondary push upward, printing a high of 6668, and settling at 6654. Volatility was knocked lower, the VIX printing a low of 18.61, and settling -12.1% to 19.03.  
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Goodnight from London
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Saturday, 11 October 2025

Weekend update - US equity indexes

It was a bearish week for US equity indexes, with net weekly declines ranging from -4.9% (Trans), -3.3% (R2K), -2.9% (NYSE comp'), -2.7% (Dow), -2.5% (Nasdaq comp'), to -2.4% (SPX).

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 lower for the week.

The 'old leader' - Transports, lead the way down, whilst the SPX was most resilient.

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

More broadly, five US equity indexes are trading above their respective monthly 10MA, with positive monthly momentum. The exception being the Transports. 

Looking ahead

It will be a very busy week, not least with the formal start of Q3 earnings, with JPM leading the way.

Earnings:

M - $FAST

T - $JPM $GS $C $WFC $BLK $JNJ $DPZ $ERIC $ACI $BCE $HWC $KARO $EQBK

W - $BAC $MS $SYF $ASML $PGR $DLTR $CFG $ABT $FHN $PLD $UAL $JBHT $HOMB $SNV $PNFP $BANR $GSBC $FR $EPAC $REXR  

T - $TSM $BK $KEY $INFY $SCHW $TRV $CMC $MTB $MMC $IIIN $IBKR $CSX $SFNC $FNB $GBCI $OZK $CNS $LBRT $INDB 

F - $SLB $AXP $ALLY $STT $FITB $RF $TFC $HBAN $ALV $CMA

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Econ-data/events

M - -

T - NFIB optimism

W - Empire State manu', Fed Beige book (2pm)

T - PPI, retail sales, Phil' Fed Manu', Busi' invent, Home builder conf', 

F - Housing starts, building permits, import prices, indust' prod', *OPEX*

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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.

Friday, 10 October 2025

Trump Tariff Threat

US equity indexes closed powerfully lower, SPX -182pts (2.7%) at 6552. Nasdaq comp' -3.6%. Dow -1.9%. The Transports settled -3.3%. R2K -3.0% 

SPX - daily

VIX - daily

Summary

US equities opened a little higher, with the SPX printing 6762... just 2pts shy of Thursday's historic high. From there... some cooling... and then spiraling on...


The SPX saw a late afternoon low of 6550, and settling very significantly lower at 6552.

Volatility hyped spiked, the VIX printing 22.44, and settling +31.8% to 21.66 


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

Goodnight from London
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Thursday, 9 October 2025

A red Thursday

US equity indexes closed on a weak note, SPX -18pts (0.3%) at 6735. Nasdaq comp' -0.1%. Dow -0.5%. The Transports settled -1.3%. R2K -0.7%

SPX - daily

VIX - daily

Summary

US equities opened a little higher, with the SPX printing a new hist' high of 6764. There was reversal, with choppy cooling to 6716, and settling at 6735. Volatility picked up, the VIX printing 17.27, and settling +0.8% to 16.43. 


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

Goodnight from London
--

 
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Wednesday, 8 October 2025

Midweek upside

US equity indexes mostly closed on a positive note, SPX +39pts (0.6%) at 6753. Nasdaq comp' +1.1%. Dow u/c. The Transports settled +0.8%. R2K +1.0%

SPX - daily

VIX - daily

Summary

US equities opened a little choppy, if leaning on the upward side, the SPX printing a fractional new hist' high of 6755, and settling at 6753. Volatility was ground lower, the VIX settling -5.4% to 16.30. 

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Moderately spooky skies

 

   A long winter is ahead

 
 

Always bullish moon

 

A little closer


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

Goodnight from London
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