US equity indexes mostly closed on a weak note, SPX -16pts (0.2%) at 6800. Nasdaq comp' +0.2%. Dow -0.6%. The Transports settled -0.1%. R2K -0.4%
SPX - daily
Summary
US equities opened a little choppy on weak jobs data, the SPX cooling to 6759. The afternoon saw a moderate rally, settling at 6800. Volatility was itself subdued, the VIX settling -0.1% to 16.48.
-
 |
| 3.55pm GMT |
--
Subscription offers > https://www.tradingsunset.com
US equity indexes closed a little weak, SPX -10pts (0.2%) at 6816. Nasdaq comp' -0.6%. Dow -0.1%. The Transports settled -0.2%. R2K -0.8%
SPX - daily
Summary
Equities opened moderately higher, with the SPX printing 6861, but the gains were shaky, and fully eroded to 6801. The afternoon saw considerable chop, settling a little lower at 6816.
Volatility picked up a little, the VIX settling +4.8% to 16.50.
–
Subscription offers > https://www.tradingsunset.com
It was a mixed week for US equity indexes, with net weekly changes ranging from +1.9% (Trans), +1.2% (R2K), +1.0% (Dow), +0.9% (NYSE comp'), -0.6% (SPX), to -1.6% (Nasdaq comp').
Lets take our regular look at six of the main US indexes
sp'500
Nasdaq comp'
Dow
R2K
NYSE comp'
Trans
–
Summary
Four US equity indexes were net higher for the week, with two net lower.
The 'old leader' was sig' higher, whilst the Nasdaq was sig' lower.
The Dow, NYSE comp', and R2K broke new historic highs.
–
Looking ahead
Earnings:
M - $HYFT $OPTT $ABVX $NAVN
T - $DLTH $OGI $LEN $WOR
W - $JBL $GIS $ABM $TTC $VERU $SPIR $NMTC $MU $WS $EPAC $MLKN
T - $ACN $FDS $DRI $KMX $CTAS $FCEL $BIRK $ISSC $NKE $FDX $KBH $BB $AVO $SCHL $HEI
F - $CCL $CAG $LW $PAYX $WGO
-
Econ-data/events
M - Empire State manu', home builder conf;
T - Monthly jobs, retail sales, busin' invent, PMI serv' & manu'
W - EIA Pet'
T - CPI, Weekly jobs, Phil' Fed' manu'
F - Existing home sales, consumer sent', *QUAD-OPEX*
As Friday is quadruple option expiration, expect considerable chop on very high vol'
-
Final note
Whilst the week ended on a bearish note, it was arguably a net bullish week for US equities, not least with a trio of index historic highs.
Next Mon/Tuesday will be inclined to be red, but this market has underlying strength, and I'd look for net weekly gains next week, with the SPX seeing an opex pin around 6900. 7K appears an eventuality, whether before or after Santa delivers, shouldn't matter to most.
Yours truly remains focused on silver, which after a forty five year breakout in October, appears the most obvious trade for years to come.
As for wild cards, even if you believe Trump will attack Venezuela, that doesn't seem likely until the flip side of New Years Eve. For now... net bullish into early 2026.
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.
-
US equity indexes closed broadly lower, SPX -73pts (1.1%) at 6827. Nasdaq comp' -1.7%. Dow -0.5%. The Transports settled -0.7%. R2K -1.5%
SPX - daily
VIX - daily
Summary
US equities opened a little choppy. The market took a significant swing lower to 6801, and settling sig' lower at 6827. Volatility picked up, the VIX printing 17.85, and settling +6.0% to 15.74.
–
Subscription offers > https://www.tradingsunset.com
US equity indexes mostly closed on a positive note, SPX +14pts (0.2%) at 6901. Nasdaq comp' -0.25%. Dow +1.3%. The Transports settled +0.6%. R2K +1.1%
SPX - daily
VIX - daily
Summary
US equities opened on a weak note, but all the bears could manage was 6833, with a recovery to 6903, and settling at 6901. Volatility was mixed, printing 16.68, but cooling back to settle -5.8% to 14.85.
–
Subscription offers > https://www.tradingsunset.com
US equity indexes closed broadly higher, SPX +46pts (0.7%) at 6886. Nasdaq comp' +0.3%. Dow +1.0%. The Transports settled +2.7%. R2K +1.3%
SPX - daily
VIX - daily
Summary
Equities saw a natural holding pattern into the 2pm press release from the Fed.
Powell duly appeared at 2.30pm.
 |
| You'll miss him... when he's gone in May. |
With the Fed out of the way, volatility dropped, the VIX settling -6.8% to 15.77.
–
Subscription offers > https://www.tradingsunset.com
US equity indexes closed a little mixed, SPX -6pts (0.1%) at 6840. Nasdaq comp' +0.1%. Dow -0.4%. The Transports settled -0.5%. R2K +0.1%
SPX - daily
VIX - daily
Summary
US equities saw a day of pre-FOMC chop, with the collective of indexes settling broadly flat.
Volatility was itself muted, the VIX settling +1.6% to 16.93.
–
Subscription offers > https://www.tradingsunset.com
=
US equity indexes closed a little weak, SPX -23pts (0.3%) at 6846. Nasdaq comp' -0.1%. Dow -0.4%. The Transports settled -0.3%. R2K -0.04%
SPX - daily
VIX - daily
Summary
US equities opened fractionally higher to 6878, if cooling back to settle at 6846.
Volatility picked up, but the gain was largely technical, the VIX settling +8.1% to 16.66.
–
Subscription offers > https://www.tradingsunset.com
--
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
–
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.
–
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
-
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 - -
-
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.
If you value my work on Blogger, 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
--
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
-
Subscription offers > https://www.tradingsunset.com
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.
-
Subscription offers > https://www.tradingsunset.com
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
-
-
Subscription offers > https://www.tradingsunset.com
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.
-
 |
| Full moon will be Dec'4th |
 |
| Its a sign |
--
Subscription offers > https://www.tradingsunset.com