Weekend update - US equity indexes

It was a bullish week for most US equity indexes, with net weekly changes, ranging from +3.6% (Trans), +0.9% (Nasdaq comp'), +0.8% (R2K), +0.5% (Dow), +0.3% (SPX), to -0.1% (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

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Summary

Five US equity indexes were net higher for the week.

The 'old leader' - Transports, was powerfully higher, whilst the NYSE comp' was fractionally lower.

The NYSE comp' broke a new hist' high.

More broadly, all six US equity indexes are trading above their respective monthly 10MA, and have positive monthly momentum.

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Looking ahead

Earnings:

M - $TOL $MAMA $PHR $OOMA $CMP

T - $CPB $SAIL $ASO $AZO $ARQQ $CGNT $OLLI $KFY $CAL $FERG $GME $CBRL $AVAV $CASY $BRZE $LAKE $PLAY $GNSS $AOUT 

W - $CHWY $PLAB $UEC $JILL $REVG $MOMO $VBNK $DAKT $ORCL $ADBE $SNPS $PL $ASYS $ELVA $OXM $NDSN $XZO $SKIL

T - $CIEN $MANU $LOVE $VRA $AVGO $LULU $COST $RH $NTSK $NX $MITK $KMTS 

F - $JOUT

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Econ-data/events

M - -

T - NFIB optimism, JOLTS

W - US T-budget.

*FOMC, 2pm announcement. Press conf' 2.30pm. A rate cut of -25bps to 3.50-3.75% can be expected.

T - Weekly jobs

F - -

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Final note

It was a second consecutive bullish week for the collective of US equities. The fact the NYSE comp' broke a new historic high, was another reminder of the mid/long term trend. 

This week's Fed is clearly going to see a rate cut, with QT having been formally concluded. You can begin to wonder... if... or rather when will the printers be spun up? 

Once the Fed is out of the way, the bulls have a clear path into early January. The only concern is a wild card event, but then... that is always the case. 

 

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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

Powerless bears

US equity indexes closed somewhat mixed, SPX +13pts (0.2%) at 6870. Nasdaq comp' +0.3%. Dow +0.2%. The Transports settled +0.7%. R2K -0.4%

SPX - daily

VIX - daily

Summary

It was another pretty subdued day in equity land, if mostly leaning to the upward side, as the bears remain powerless. The SPX printed a new s/t high of 6895, and settling at 6870. 

Volatility was naturally ground lower into the weekend, the VIX settling -2.3% to 15.41   

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Another Thursday

US equity indexes mostly closed on a positive note, SPX +7pts (0.1%) at 6857. Nasdaq comp' +0.2%. Dow -0.1%. The Transports settled +0.2%. R2K +0.8%

SPX - daily

VIX - daily

Summary

US equities saw another day of considerable chop, although the SPX did print a marginal new s/t high of 6866, and settling at 6857.

Volatility was lower for the 8th day of 9, the VIX settling -1.9% to 15.78.   

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Bad news is good news

US equity indexes closed on a positive note, SPX +20pts (0.3%) at 6849. Nasdaq comp' +0.2%. Dow +0.9%. The Transports settled +2.0%. R2K +1.9%

SPX - daily

VIX - daily

Summary

The day began in pre-market with the latest ADP jobs data...
ADP jobs: -32K vs 47K (prior rev’ from 42K)

On any basis... lousy, but in this market, bad news is often seen as good news, as it means there is higher probability of a rate cut and/or QE.

Equities opened a little weak, but all the bears could manage was 6810, before battling upward to 6862, and settling at 6849. 

Volatility was ground lower, the VIX settling -3.1% to 16.08   

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The tedium continues

US equity indexes mostly closed on a positive note, SPX +16pts (0.25%) at 6829. Nasdaq comp' +0.6%. Dow +0.4%. The Transports settled +0.6%. R2K -0.2%

SPX - daily

VIX - daily

Summary

Equities opened a little higher, saw considerable chop, settling marginally positive at 6829. 

Volatility was ground lower, the VIX settling -3.8% to 16.59.    

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Full moon will be Dec'4th

 

        Its a sign

 --

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Weak leaning tedium

US equity indexes mostly closed on a weak note, SPX -36pts (0.5%) at 6812. Nasdaq comp' -0.4%. Dow -0.9%. The Transports settled +0.02%. R2K -1.3%

SPX - daily

VIX - daily

Summary

US equities opened broadly lower, but all the bears could manage was 6799, a bounce to 6843, and settling moderately lower at 6812.

Volatility picked up (if mostly for technical reasons), the VIX printing an opening high of 17.92, cooling to 16.58, and settling +5.4% to 17.24. 

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Weekend update - World equity markets

It was a mixed month for world equity markets, with net monthly changes ranging from +6.5% (Brazil), +6.0% (Russia), +2.1% (India), +0.8% (South Africa, Argentina), +0.3% (USA), -0.5% (Germany), -1.7% (China), -2.8% (Australia), to -4.1% (Japan).

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

Six world equity markets were net higher for November, with four net lower.

Brazil and Russia were powerfully higher, whilst Australia and Japan were powerfully lower.

The USA, Japan, Brazil, India, South Africa, and Argentina markets broke new hist' highs.

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

Eight markets have positive monthly momentum, the two exceptions being Russia and India 

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Looking ahead

Earnings:

M - $HAFN $CRDO $MDB $SLP $VSTS $CANG

T - $BNS $SIG $UNFI $MRVL $GTLB $CRWD $PSTG $AEO $BOX $OKTA $ASAN $LESL 

W - $DLTR $M $RY $CXM $THO $CRM $SNOW $AI $PATH $FIVE $GWRE $DSGX $HQY $PVH $TLYS 

T - $KR $DG $HRL $TIGR $BBW $CM $SAIC $TD $DCI $HOV $RBRK $DOCU $S $IOT $CHPT $ULTA $HPE $COO $AGX $SPWH 

F - $MNY $KNOP $VSCO 

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Econ-data/events:

M - PMI & ISM manu', Powell (8pm) 

T - Vehicle sales

W - ADP jobs, Import prices, PMI & ISM serv'

T - Weekly jobs, Intl' trade

F - Pers' income/outlays, PCE

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Final note

November was a net bullish month for the collective of world equities, not least with six indexes breaking new historic highs. You can argue a number of markets are overbought, but that can remain the case for many months. 

With just 21.5 trading days (at least for the US market) left of the year, I will hope the price action is enough to keep most of us awake. 

The most interesting action right now, is arguably in the silver market. Silver itself is currently net higher for the year by +84.7%, having printed a new hist' high of $56.51. $60 looks an easy target before Santa delivers. $70/75 looks realistic by mid January, which might sync with Gold $5K. 

Anyway, the year is almost done, as is perhaps yours truly. 
 

 
For more of the same... subscribe to my intraday service.
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Have a good weekend... if you can. 
--

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

Half day to settle November

US equity indexes closed moderately higher, SPX +36pts (0.5%) at 6849. Nasdaq comp' +0.6%. Dow +0.6%. The Transports settled +0.3%. R2K +0.3%

SPX - daily

VIX - daily

Summary

US equities opened a little higher, with the SPX clawing to 6850, and settling moderately higher at 6849. Volatility was ground lower into the weekend, the VIX settling -5.7% to 16.21.

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Thanksgiving 2025

South Park, 28x04

  

Pluribus, 1x05

Thanksgiving

I am thankful to each of you.

To varying degrees... you're the reason I'm still here.

Thanksgiving evening... what to watch?

Stranger Things season'5 (eps 1-4), Bugonia (2025), or maybe The Adventures of Buckaroo Banzai Across the 8th Dimension (1984). 

I've watched the following end scene to Buckaroo Banzai maybe a hundred times, but I can't recall ever seeing the movie. 

yours... not sponsored by Lockheed Martin, Pfizer, or Saudi Arabia*. 

*You'll need to watch the latest South Park to understand that reference.
--  

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Planes, Trains, and Auto-stocks

US equity indexes closed broadly higher, SPX +46pts (0.7%) at 6812. Nasdaq comp' +0.8%. Dow +0.7%. The Transports settled +0.8%. R2K +0.8%

SPX - daily5b

VIX - daily

Summary

US equities opened on a positive note, with the SPX pushing to 6831, and settling broadly higher at 6812. Volatility was ground lower for a fourth consecutive day, the VIX settling -7.4% to 17.19.   

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4.31pm GMT, 6c/42f

 

Bullish LED lights for Christmas 

 

Bullish moon

 

Who will have the first moon base, Blue Origin or SpaceX ? 

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