Tariff man strikes into the close

US equity indexes mostly closed on a positive note, SPX +31pts (0.5%) at 6071. Nasdaq comp' +0.25%. Dow +0.4%. The Transports settled -0.9%. R2K +1.0%

SPX - daily

VIX - daily

Summary

US equities mostly (Transports was skewed due to UPS) opened on a positive note, and saw positive leaning chop across into the mid afternoon.

President Trump... aka... Tariff Man, suggested he wanted a 25% tariff on Canadian and Mexican goods, the SPX cooling back from 6086 to 6039, if recovering to 6071.

Volatility was subdued into the afternoon, spiking on Trump, the VIX printing 16.42, if cooling back to  settling -4.3% at 15.84. 

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Yes, its been rainy lately

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

Goodnight from London
--

 

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Moderately bearish Powell

US equity indexes closed on a weak note, SPX -28pts (0.5%) at 6039. Nasdaq comp' -0.5%. Dow -0.3%. The Transports settled -0.2%. R2K -0.2%

SPX - daily

VIX - daily

Summary

US equities saw a natural holding pattern into the 2pm press release from Print Central. Rates were not surprisingly left unchanged. The Powell duly appeared...

There were a few bounce attempts, but the main market settled on a weak note.

Volatility was a little mixed, the VIX settling +0.9% at 16.56.

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

Goodnight from London
--

 

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Tuesday bounce

US equity indexes mostly closed on a positive note, SPX +55pts (0.9%) at 6067. Nasdaq comp' +2.0%. Dow +0.3%. The Transports settled -0.9%. R2K +0.1%

SPX - daily

VIX - daily

Summary

US equities opened a little higher, but the gains were shaky from the start, with the SPX briefly cooling to 5962. There was a secondary push upward... settling broadly higher to 6067.

Volatility was ground lower, the VIX settling -8.3% to 16.41.

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

Goodnight from London
--

 

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Into the Deep... Seek

US equity indexes closed rather mixed, SPX -88pts (1.5%) at 6012. Nasdaq comp' +3.1%. Dow +0.6%. The Transports settled +1.5%. R2K -1.0%

SPX - daily

VIX - daily

Summary

US equities opened on a very weak note, with the SPX falling to 5962. There was a bounce to 6017, before renewed cooling to 5979. The afternoon saw a bounce to settle at 6012.

Volatility saw a (cash market) early high of 20.61, before cooling to settle +20.5% to 17.90.
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Sunshine and showers

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

Goodnight from London
--

 

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Weekend update - US equity indexes

It was a bullish week for US equity indexes, with net weekly gains ranging from +2.1% (Dow), +2.0% (NYSE comp'), +1.7% (SPX), +1.6% (Nasdaq comp'), +1.4% (R2K), to +1.1% (Trans).

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 Dow lead the way up, whilst the Transports lagged. 

The SPX broke a new historic high. 

Last week's bullish engulfing candles played out. 

Weekly momentum is swinging back toward the equity bulls, and bodes net bullish into February.

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Looking ahead

Earnings:

M - $SOFI $T $BOH $DX $HOPE $NUE $ARE $WRB $HBCP $EFSC $CR $SANM $WAL $AGNC $BRO

T - $BA $GM $LMT $RTX $RCL $SYF $JBLU $SYY $CVLT $KMB $SBUX $SAP $LV $LOGI $LRN $NXT $PKG $CB $FFIV $SYK 

W - $ASML $PGR $TMUS $ADP $DHR $TEVA $GD $VFC $NDAQ $EAT $TSLA $META $MSFT $IBM $LRCX $HITI $NOW $CLS $WOLF $WDC

T - $UPS $MA $DOW $BX $NOK $LUV $ALGM $CAT $CMCSA $MBLY $AAPL $INTC $V $KLAC $CNI $TEAM $BKR $DECK $X $SKYW

F - $XOM $CVX $PSX $ABBV $CL $BAH $LYB $BEP $ALV $CHTR

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Econ-data/events

M - New home sales

T - Durable goods orders, Case-Shiller HPI, consumer conf'

W - Intl' trade, wholesale & retail inventories

*2pm FOMC announcement, 2.30pm Press conf'.

T - GDP Q4 (print'1) ,weekly jobs, pending home sales

F - Pers' spending/outlays, PCE, Chicago PMI

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A cold 3c/37f, but impressive skies

Final note

With a new hist' high in the SPX, it has to be seen as a net bullish week. The mainstream are effectively in #everythingisfine mode, reflected in VIX 14s.

The coming week offers some drama, not least with a truck load of big name earnings. We've the first FOMC of the year, as the Fed will surely not cut rates. If correct, President Trump could be expected to issue some complaints, as I expect tensions between the Whitehouse and the Fed to increase all the way into the summer. 

One thing is certain... we're going to need more popcorn than ever before!

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For details and the latest offers, see: 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.

Weak into the weekend

US equity indexes closed a little lower, SPX -17pts (0.3%) at 6101. Nasdaq comp' -0.5%. Dow -0.3%. The Transports settled -0.2%. R2K -0.2%

SPX - daily

VIX - daily

Summary

US equities mostly saw a day of micro chop, although the SPX still printed a new hist' high of 6128, if cooling back to settle at 6101. Volatility was ground lower into the weekend, the VIX settling -1.1% to 14.85.

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

Goodnight from London
--

 

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Underlying upward pressure

US equity indexes closed on a positive note, SPX +32pts (0.5%) at 6118. Nasdaq comp' +0.2%. Dow +0.9%. The Transports settled +0.5%. R2K +0.4%

SPX - daily

VIX - daily

Summary

US equities opened in minor chop mode, and largely remained that way into the early afternoon. The mid/late afternoon saw a mini burst upward... breaking a new hist' high of 6118.

Volatility was naturally subdued, the VIX settling -0.5% at 15.02
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A little sunshine... after the rain

–

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

Goodnight from London
--

 

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10am update - opening chop

US equities open in minor chop mode, if leaning on the weaker side. VIX 14/15s is offering the bears very little. WTIC $75.89, with Natgas $4.00.

sp'60min

VIX'60min

Summary

Subscriber note... sorry, as I merely await my server admin.
In the meantime... back here... my old haunting ground.
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S/t equity momentum has turned negative, as the setup leans weak.

Yours truly is mostly just watching SMR, and hoping it gets knocked to 22/21s by early next week. I'm guessing I'll do nothing until next Monday.

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notable stock: MU

Dragged down by SK Hynix... whose earnings were fine, but guidance was 'uncertain'.
–

notable stock: AAPL

 

 

Goldman, buy, 286>280
The stock is clearly building a floor from the 200dma.
The only threat is a brief foray under, if the SPX cools to 6000 or 5900.
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notable nuclear stock: SMR

I'd like the 22/21s... but that isn't in range today.

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notable miner: FCX

Post earnings depression...
EPS 31cents vs 22est. Rev' y/y -3.1% to $5.72bn vs 5.99est.

The SPX 6100s

US equity indexes closed mixed, SPX +37pts (0.6%) at 6086. Nasdaq comp' +1.3%. Dow +0.3%. The Transports settled -0.6%. R2K -0.7%

SPX - daily

VIX - daily

Summary

US equities opened on a moderately positive note. Whilst the two leaders - Trans/R2K, turned red, the SPX battled upward, printing a new hist' high of 6100. The afternoon saw micro chop, with a touch of cooling to settle at 6086.

Volatility remained subdued, the VIX settling +0.3% to 15.10. 

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

Goodnight from London
--

 

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The second Trump market

US equity indexes closed broadly higher, SPX +52pts (0.9%) at 6049. Nasdaq comp' +0.6%. Dow +1.2%. The Transports settled +1.4%. R2K +1.8%

SPX - daily

VIX - daily

Summary

US equities opened on a moderately positive note, and whilst early price action was a little shaky (Nasdaq turned red), there was a secondary push upward, the SPX printing 6051, and settling at 6049.

Volatility was ground lower, the VIX settling -5.7% to 15.06.

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

Goodnight from London
--

 

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Weekend update - US equity indexes

It was a bullish week for US equity indexes, with net weekly gains ranging from +4.0% (R2K), +3.7% (Dow), +3.4% (NYSE comp'), +3.2% (Trans), +2.9% (SPX), to +2.4% (Nasdaq 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 R2K lead the way up, whilst the Nasdaq lagged.

Last week's bearish engulfing candles played out... if briefly/marginally. 

The SPX, Dow, NYSE comp', and Transports settled with bullish engulfing candles.

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Looking ahead

It will be a short four day trading week, with Monday CLOSED for the coronation of King Trump.,, or rather Martin Luther King day.

Earnings:

M - $BOKF (AH) *CLOSED*

T - $SCHW $MMM $KEY $DHI $FITB $FOR $PLD $UMC $GNTY $NFLX $UAL $IBKR $STX $PRGS $COF $GSBC $ZION $SMKB $WFTC

W - $PG $ABT $JNJ $HAL $GEV $ALLY $APH $CMA $TRV $CBSH $KMI $AA $DFS $RLI $EQBK $STLD $SLG $CADE $HBNC $CATY

T - $GE $AAL $HBAN $FCX $TCBI $ELV $ALK $UNP $BANC $TXN $ISRG $CSX $SRCE $BFST $FFBC $MCB $SBFG $EWBC $ASB

F - $VZ $AXP $NEE $ERIC $HCA $FCNCA $LKFN $MOG.A $NWBI

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Econ-data/events

M - *CLOSED*

T - -

W - Leading indicators

T - Weekly jobs, EIA Pet'

F - Existing home sales, consumer sent', PMI serv', PMI manu'

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Enjoy the long weekend
--

*the next post on this page will likely appear 4.20pm EST on Tuesday, Jan'21st

The Biden market concludes

US equity indexes mostly closed broadly higher, SPX +59pts (1.0%) at 5996. Nasdaq comp' +1.5%. Dow +0.8%. The Transports settled -1.0%. R2K +0.4%

SPX - daily

VIX - daily

Summary

US equities opened broadly higher, with the SPX battling upward to 6014, and settling at 5996.

Volatility was naturally ground lower into the long weekend, the VIX settling -3.8% to 15.97

–
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