Weekend update - US equity indexes

It was a bearish month for most US equity indexes, with net monthly changes ranging from -9.8% (Transports), -8.4 (R2K), -5.8% (NYSE comp'), -5.3% (Dow), -2.5% (SPX), to +0.5% (Nasdaq comp').

It was a bullish year for most US equity indexes, with net annual changes ranging from +28.6% (Nasdaq comp'), +23.3% (SPX), +13.3% (NYSE comp'), +12.9% (Dow), +11.4% (R2K), to -0.02% (Transports).

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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December summary 

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

The Transports lead the way down, whilst the Nasdaq comp' was moderately higher.

The SPX, Nasdaq comp', and Dow broke new historic highs.

Five US equity indexes are trading above their respective monthly 10MA, the exception being Transports.

All six US equity indexes have positive monthly momentum.
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2024 summary

Five US equity indexes were net higher for the year, the exception being the Transports.

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

Five US equity indexes broke new historic highs, the exception being the Transports.
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Looking ahead

It will be a short four day trading week, with Thursday CLOSED, in memory of President Carter. 

Thursday's earnings and econ-data might change, and be shifted to Friday. 

Earnings:

M - $CMC

T - $RPM $APOG $LNN $AZZ $CALM $AIR $SLP $KRUS $RELL

W - $AVI $SMPL $MSM $HELE $ANGO $ACI $UNF $RDUS $JEF $SAR $PENG $GBX $FC

T - $NTIC $KBH $PSMT $ETWO $ACCD $BBCP $TLRY $DAL $WBA $STZ $NEOG $SNX

F - $WDFC (due in AH)

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Econ-data/events:

M - Factory orders

T - Intl' trade, ISM serv', JOLTS

W - ADP jobs, FOMC mins (2pm), consumer credit (3pm). 

T - Weekly jobs, Wholesale invent', *CLOSED*

F - Monthly jobs, consumer sent',

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Final note

December was a mixed month for US equities. Whilst five of the six indexes were net lower, three indexes still managed to break a new historic high.

It was certainly a net bullish year. The only concern is the 'old leader' - Transports, which was net lower... if only by -0.02%. 

Mr Market's attention will soon be on Q4 earnings, which should come in broadly fine. 

Ohh, and we have that not so little matter of President Trump, set to re-take command January 20th. The market will be swinging on sporadic comments and policy changes across the next few years. 

Once thing is certain, we're going to need to increase our popcorn reserves... as the 'big show' is set to escalate.

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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.

Climbing into the weekend

US equity indexes mostly closed sig' higher, SPX +73pts (1.3%) at 5942. Nasdaq comp' +1.8%. Dow +0.8%. The Transports settled +1.2%. R2K +1.5%

SPX - daily

VIX - daily

Summary

US equities opened on a positive note, and whilst the gains were shaky, there was a secondary wave upward, the SPX printing 5949, and settling at 5942. Volatility was ground lower into the weekend, the VIX settling -10.0% to 16.13.
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Two consecutive days of sun!

Venus... and the moon

... to the moon!

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

Goodnight from London
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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

Here we go again

US equity indexes mostly closed on a weak note, SPX -13pts (0.2%) at 5868. Nasdaq comp' -0.2%. Dow -0.4%. The Transports settled -0.5%. R2K +0.1%

SPX - daily

VIX - daily

Summary

US equities opened on a positive note, although the gains were shaky from the start, with the SPX swinging lower to 5829, and recovering to settle marginally lower at 5868.

Volatility was mixed, the VIX printing 19.50, if cooling back to settle +3.3% to 17.93.
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Some rare sunshine

 

The crescent moon and Venus

 

Full moon will be Monday, Jan'13th

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

Goodnight from London
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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

New Years Day - World equity markets

It was a mixed month for world equity markets, with net monthly changes ranging from +12.1% (Argentina), +11.9% (Russia), +4.4% (Japan), +1.4% (Germany), +0.8% (China), +0.5% (India), -0.7% (South Africa), -3.2% (Australia), -4.3% (Brazil), to -5.3% (USA).

It was a bullish year for most world equity markets, with net annual changes ranging from +172.7% (Argentina), +19.9% (Japan), +18.8% (Germany), +12.9% (USA), +12.7% (China), +9.6% (South Africa), +8.7% (India), +7.5% (Australia), -7.1% (Russia), to -10.2% (Brazil).

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

Argentina - MerVal

Australia – AORD

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December Summary

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

Argentina lead the way up, whilst the USA was powerfully lower.

Eight world equity markets broke new historic highs, the two exceptions being Russia and China

Seven world equity markets are trading above their respective monthly 10MA, the three exceptions being Brazil, Russia, India.

Six world equity markets have positive monthly momentum, the four exceptions being Japan, Brazil, Russia, and India

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2024 Summary

Eight world equity markets were net higher for the year, with two net lower.

Argentina lead the way up, whilst Brazil and Russia were very powerfully lower.

Eight world equity markets broke new historic highs, the two exceptions being Russia and China

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Final note

It was a net bullish month, to end what was a a net bullish year. Perhaps more than anything, I'd keep in mind eight of the ten markets printed new historic highs in December.

The collective of world equities are mid/long term bullish, and that certainly includes the US equity market. Whilst the Dow was net lower for December, that was from a new historic high. Until the Dow sees a monthly settlement under the monthly 10MA (around 41500 as of Jan'2 2025), the bulls need not have any sleepless nights. 
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For details, and the latest offers: https://www.tradingsunset.com
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*the next post on this page will likely appear 4.20pm EST on Thurs' Jan'2nd 2025