Weekend update - US equity indexes

It was a bearish week for US equity indexes, with net weekly declines ranging from -4.0% (R2K), -3.4% (Nasdaq comp'), -3.1% (SPX), -2.4% (Dow), to -2.3% (NYSE comp' & Transports).

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

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

The SPX, Nasdaq comp', R2K, and Trans', are trading under their respective monthly 10MA.

The SPX, Nasdaq comp', Dow, and NYSE comp', have positive monthly momentum, but its weakening, and prone to turning negative in April.

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Looking ahead

Earnings:

M - $BNTX $NPWR $DRIO $URGN $FENC $FNV $ALGS $TLS $ORCL $ASAN $PAY $FTK $AUNA $MTN $LCTX $RDW $LFMD $GAIA

T - $KSS $DKS $VIK $CIEN $UNFI $FERG $BWAY $FCEL $LEGN $CMT $SMSI $MXCT $HRTG $VTS $BWMN $CASY $GRPN $FOA $WEST $SSP

W - $ZIM $ARCO $IRBT $MX $MANR $AMRN $ONDS $CXM $EH $MOMO $VRA $ADBE $PATH $S $CCI $AEO $PHR $AEYE $ECOR $TLYS $ARMN

T - $QBTS $DG $WB $FUTU $CION $SOHO $BLDP $RCMT $VFF $UCL $DOCU $ULTA $SMTC $MNR $GRWG $KINS $LRFC $PTMN $SOL $RBRK

F - $LI $GOGO $WRD $DTI $HSON $AIRS

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Econ-data/events

M - -

T - NFIB optimism, JOLTS

W - CPI, EIA Pet', US T-budget

T - PPI, weekly jobs,

F - Consumer sentiment

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> https://www.tradingsunset.com

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

A five and three sixes

US equity indexes closed moderately higher, SPX +31pts (0.5%) at 5770. Nasdaq comp' +0.7%. Dow +0.5%. The Transports settled +0.8%. R2K +0.4%

SPX - daily

VIX - daily

Summary

US equities opened a little mixed, the SPX leaning weak to 5666, the lowest since Sept'18th 2024.

The Powell appeared for lunch...

"The economy is fine"

 

The market recovered into the late afternoon, printing 5783, and settling moderately higher at 5770.

Volatility was mixed, the VIX printing 26.56, if cooling back to settle -6.0% to 23.37.
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Spring is thirteen days 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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Another red Thursday

US equity indexes mostly closed significantly lower, SPX -104pts (1.8%) at 5738. Nasdaq comp' -2.6%. Dow -1.0%. The Transports settled -0.4%. R2K -1.6% 

SPX - daily

VIX - daily

Summary

US equities opened very significantly lower, the SPX printing 5746... just 16pts above the 200dma. From there... a bounce to 5812, but a secondary wave lower to 5711, if recovering to settle at 5738.

Volatility picked up, the VIX printing 25.92, if cooling back to settle +13.4% at 24.87.

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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

Midweek gains

US equity indexes closed significantly higher, SPX +64pts (+1.1%) at 5842. Nasdaq comp' +1.5%. Dow +1.1%. The Transports settled +1.1%. R2K +1.1%

SPX - daily

VIX - daily

Summary

US equities opened broadly flat, with the SPX leaning weak to 5742, if seeing a latter day recovery to settle at 5842. Volatility was mixed, the VIX printing 24.84, if cooling to settle -6.7% to 21.93.
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The latest executive order

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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 wild Tuesday

US equity indexes mostly closed significantly lower, SPX -71pts (1.2%) at 5778. Nasdaq comp' -0.3%. Dow -1.5%. The Transports settled -2.1%. R2K -1.1%

SPX - daily

VIX - daily

Summary

US equities opened broadly lower, with the SPX falling to 5732... just 7pts above the 200dma. From there... a bounce into the afternoon. The closing hour saw the SPX turning fractionally positive to 5865, but then a significant cooling wave to settle at 5778. 

Volatility was very mixed, the VIX printing 26.35, but cooling to 21.74, and settling +3.2% to 23.51.
-

Spring is sixteen days away

 

Full moon will be March 14th

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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

Ugly Monday reversal

US equity indexes closed very significantly lower, SPX -104pts (1.8%) at 5849. Nasdaq comp' -2.6%. Dow -1.5%. The Transports settled -1.8%. R2K -2.8%

SPX - daily

VIX - daily

Summary

US equities opened on a positive note, but the gains were shaky, as early as pre-market. The SPX printed an early high of 5986, but saw increasingly bearish price action into the late afternoon, printing 5810, and settling at 5849.

Volatility was mixed, the VIX printing an early low of 19.25, but spiking to 24.31, and settling +16.0% to 22.78.
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     Bullish golden sunshine

 

Next full moon March 14th

 –
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 - World equity markets

It was a mixed month for world equity markets, with net monthly changes ranging from -14.0% (Argentina), -6.1% (Japan), -5.5% (India), -4.4% (Australia), -2.4% (Brazil), -1.6% (USA), -0.1% (South Africa), +2.2% (China), +3.8% (Germany), to +8.4% (Russia).

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

*stockcharts is lacking the data for Feb'28th.
The February settlement was 2277.62, a net monthly decline of -0.33pts (0.1%)

Argentina - MerVal

Australia – AORD

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Summary

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

Argentina was severely lower, whilst the Russian market was very powerfully higher.

The German, South African, and Australian markets broke new historic highs.

The USA, German, Russian, South Africa, and Australian markets are trading above their respective monthly 10MA, and are to be seen as m/t bullish.

The USA, German, South African, and Australian markets have positive monthly momentum.

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Looking ahead

Earnings:

M - $NOVA $HUT $PLUG $TGTX $SPHR $AVDL $BLFS $BUR $RC $SGRY $SMR $OKTA $ASTS $GTLB $ADMA $GCT $SENS $MRC $TDUP $QSI

T - $TGT $BBY $SE $AZO $PFSE $EVGO $ESPR $GENI $ONON $NYAX $CRWD $CRDO $STEM $JWN $ORN $BOX $ROST $KIDS $CHPT $NPCE

W - $ANF $FL OPFI $THO $SSYS $RSKD $EDITR $BF.b $REVG $MRVL $RGTI $ZS $MDB $VEEV $VSCO $TREE $KGS $LB $FSM

T - $JD $CBRL $KR $BJ $DCTH $BTSG $NINE $BKSK $HIPO $M $AVGO $COST $GAP $HPE $BBAI $SERV $IOT $COO $CTSO $VEL

F - $GCO $AQN $WHF $YPF $INTT $ADV $ONCY

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Econ-data/events:

M - PMI & ISM manu', construction, vehicle sales

T - -

W - ADP jobs, factory orders, PMI & ISM serv', EIA Pet', Fed Beige book (2pm)

T - Weekly jobs, Productivity, intl' trade, wholesale invet'

F - Monthly jobs, *Powell, (12.30pm)*, consumer credit (3pm)

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Final note 

February was certainly mixed, if mostly leaning toward the bears. Even in the South African and Australian markets that were net lower, that was after breaking a new historic high. 

If you read around... as I'm sure you do, you'll be aware of the usual suspects who are crash calling. For now, there is no reason to believe that. Yes, valuations in some things are crazy, but that is often the case.

There is also the issue of 'Ohh, so you'd prefer a govt' bond instead?'. Seriously, do you want to sell Nvidia, Tesla, or Apple, and buy a 10yr bond instead? 

We can expect some sporadic geo-political and economic scares this year, but I also expect new index highs - at least for the US market. That doesn't mean I'm not regularly topping up my popcorn reserves though, as the big show continues.

 

For more of the same... subscribe to my intraday service.
For details, and the latest offers: https://www.tradingsunset.com

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

Gap filling into end month

US equity indexes closed very significantly higher, SPX +92pts (1.6%) at 5954. Nasdaq comp' +1.6%. Dow +1.4%. The Transports settled +1.4%. R2K +0.9%

SPX - daily

VIX - daily

Summary

Equities opened a little mixed, with the SPX seeing moderate cooling, fully filling the downside gap to 5842. From there... choppy upside to 5903. The afternoon saw a swing lower to print a fractional lower low of 5938, but seeing a late afternoon ramp to settle very significantly higher at 5954.

Volatility was mixed, the VIX printing an early high of 22.06, cooling back to 19.92, a secondary spike to 22.40, and cooling back to settle -7.1% to 19.63.
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The sun sets on February

Early signs of spring

A fine evening

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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

A red Thursday

US equity indexes closed significantly lower, SPX -94pts (1.6%) at 5861. Nasdaq comp' -2.8%. Dow -0.4%. The Transports settled -0.6%. R2K -1.5%

SPX - daily

VIX - daily

Summary

US equities opened on a positive note, but the gains were shaky from the start, with the SPX swinging from 5993 to 5918. There was a bounce to 5975. The afternoon saw another swing lower to 5858, and settling very significantly lower at 5861.

Volatility was mixed, the VIX had an opening low of 18.02, but settling +10.6% to 21.13

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   A fine evening

... once more... the sun sets.

Twilight glow

–
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