Weekend update - World equity markets

It was a bullish month for most world equity markets, with net monthly changes ranging from +8.4% (Argentina), +6.7% (Germany), +5.3% (Japan), +3.9% (USA), 3.8% (Australia), +2.7% (South Africa), +2.1% (China), +1.6% (Brazil), +1.5% (India), to -3.2% (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

Argentina - MerVal

Australia – AORD

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Summary

Nine world equity markets were net higher for May, with one net lower.

Argentina and Germany lead the way up, whilst Russia was powerfully lower.

The German, Brazilian, and South African markets broke a new historic high.

Seven markets are trading above their respective monthly 10MA, the three exceptions being USA, Japan, and Russia

Germany, Brazil, China, South Africa, and Argentina have positive monthly momentum.

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Looking ahead

Earnings:

M - $CPB $SAIC $CRDO $ABVX

T - $DG $NIO $SIG $OLLI $FERG $DCI $NESR $CRWD $HPE $GWRE $ASAN $BASE $MAMA $SPWH $YEXT $HQY

W - $DLTR $CXM $REVG $TTGT $VBNK $THO $WBS $GCO $MDB $PVH $FIVE $PL $CHPT $VRNT $BARK $GEF $DSGX $TLYS

T - $CIEN $CBRL $LE $BF.B $TTC $MOMO $VSCO $WDH $FUFU $DLTH $AVGO $DOCU $LULU $RBRK $IOT $TTAN $CURV $WOOF $ZUMZ $BRZE

F - $GIII $ABM $FCEL

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Econ-data/events:

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

T - Factory orders, JOLTS

W - ADP jobs, PMI and ISM serv', Fed beige book (2pm)

T - Weekly jobs, intl' trade, productivity

F - Monthly jobs, consumer credit (3pm)

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The sun sets on May

 

Final note

Most notable this May were the three historic highs. Is Germany climbing on hopes of WWIII with Russia, as the German regime is clearly aiming for? It can always be argued, what are investors supposed to do, buy German bunds instead? On any basis... no.

For now, the collective of world equities are mid term bullish. Bears will have a far better of another major rollover from around mid August onward, and especially on the flip side of Labor day.

Bullish burgers, fries, and high caffeine/sugar carbonated soda this summer 2025.

 
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Have a good weekend... if you deserve it.
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*the next post on this page will likely appear 4.20pm EDT on Monday.

May settles

US equity indexes closed a little mixed, SPX -0.5pts (0.01%) at 5911. Nasdaq comp' -0.3%. Dow +0.1%. The Transports settled -0.4%. R2K -0.2%

SPX - daily

VIX - daily

Summary

US equities opened on a weak note. There was some lunchtime 'spooky news', with the SPX seeing a mini spiral to 5843, and recovering to settle almost precisely flat at 5911. Volatility was mixed, the VIX printing an early afternoon high of 20.49, but cooling back to settle -3.2% to 18.57.
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Extra charts in AH (usually around 5pm EDT) @ https://x.com/Trading_Sunset

Goodnight from London
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Net positive Thursday

US equity indexes closed moderately higher, SPX +23pts (0.4%) at 5912. Nasdaq comp' +0.4%. Dow +0.3%. The Transports settled +0.5%. R2K +0.3%

SPX - daily

VIX - daily

Summary

US equities opened broadly higher, with the SPX printing an early high of 5943. From there... choppy cooling to 5873, but recovering to settle at 5912.  Volatility was ground a little lower, the VIX settling -0.7% to 19.18

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

Goodnight from London
--

 

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Weak leaning chop

US equity indexes closed on a weak note, SPX -32pts (0.6%) at 5888. Nasdaq comp' -0.5%. Dow -0.6%. The Transports settled -1.1%. R2K -1.1%

SPX - daily

VIX - daily

Summary

US equities opened broadly flat, if leaning a little higher, the SPX printing 5939. From there... choppy cooling to settle at 5888.

Volatility picked up a little, the VIX settling +1.8% to 19.31.
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Extra charts in AH (usually around 5pm EDT) @ https://x.com/Trading_Sunset

Goodnight from London
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Tariffs taketh, tariffs giveth

US equity indexes closed very significantly higher, SPX +118pts (2.0%) at 5921. Nasdaq comp' +2.5%. Dow +1.8%. The Transports settled +2.0%. R2K +2.5%

SPX - daily

VIX - daily

Summary

US equities opened significantly higher, after tariff man (not surprisingly) decided to announce a delay in a European 50% tariff to July 9th. The SPX pushed to 5924, and settling at 5921. Volatility was ground lower, the VIX settling -14.9% to 18.96.

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

Goodnight from London
--

 

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Weekend update - US equity indexes

It was a bearish week for US equity indexes, with net weekly declines ranging from -4.1% (Trans), -3.4% (R2K), -2.6% (SPX), -2.5% (Nasdaq comp, Dow), to -2.0% (NYSE comp').

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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Summary

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

The two leaders - Trans & R2K, lead the way down, whilst the NYSE comp' was most resilient.

The SPX, Nasdaq comp', NYSE comp', and R2K have positive weekly momentum, whilst the Dow and Trans remain negative.

The SPX and Dow have bearish engulfing weekly candles, which are strongly suggestive of a lower low next week.

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Looking ahead

It will be a short four day week, with Monday CLOSED for Memorial day.

Earnings:

M - *CLOSED*

T - $PDD $SKY $AZO $BNS $BLRX $GLNG $SHIP $DLNG $OKTA $BOX $API $SUPV $SQM $SMTC $HEI $GGAL

W - $DKS $ANF $M $KC $CMCO $PHR $VNET $BMO $ICCM $RSVR $NVDA $CRM $AI $ELF $NTNX $A $VEEV $S $PSTG $SNPS

T - $FL $BBY $CAL $KSS $HRL $FUTU $BURL $CM $MOV $BBW $COST $MRVL $DELL $ESTC $ZS $ULTA $GAP $AEO $AMBA $NTAP

F - $CGC $SCVL

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Econ-data/events

M - *CLOSED*

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

W - FOMC mins (2pm)

T - Q1 GDP (print'2), Weekly jobs, pending home sales, EIA Pet' & NG reports, 

F - Pers' income/spending, PCE, retail & wholesale invent', Chicago PMI, consumer sent'.

*as Friday is end month, I'd expect considerable chop on high vol'.

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Enjoy the long weekend
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*the next post on this page will likely appear 4.20pm EDT, Tuesday, May 27th

Tariff man strikes again

US equity indexes closed on a weak note, SPX -39pts (0.7%) at 5802. Nasdaq comp' -1.0%. Dow -0.6%. The Transports settled -0.6%. R2K -0.2% 

SPX - daily

VIX - daily

Summary

US equities were due to open broadly flat, but then El Presidente woke up, and started issuing threats against Apple and the broader EU. The SPX spiraled by around -90pts... opening at 5781. From an early low of 5767 (6pts below the daily 200dma), the market recovered up to 5829, and settling at 5802. 

Volatility spiked, the VIX printing 24.34, if cooling back to 21.36, and settling +9.9% at 22.29. 

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

Goodnight from London
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Thursday chop

US equity indexes closed a little mixed, SPX -2pts (0.04%) at 5842. Nasdaq comp' +0.3%. Dow u/c. The Transports settled +0.4%. R2K +0.01%

SPX - daily

VIX - daily

Summary

US equities saw a day of considerable minor chop. S/t equity structure is a bear flag, with a mirror bull flag in the VIX.  Volatility was itself muted, the VIX settling -2.8% to 20.28.

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

Goodnight from London
--

 

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Third times a charm

US equity indexes closed very significantly lower, SPX -95pts (1.6%) at 5844. Nasdaq comp' -1.4%. Dow -1.9%. The Transports settled -2.7%. R2K -2.7%

SPX - daily

VIX - daily

Summary

Monday opened sig' lower, but rebounded.
Tuesday opened weak, but rebounded.

US equities opened Wednesday broadly lower, the SPX printing a low of 5899, but rebounding to 5938

However, the afternoon saw a lousy bond market auction, with equities taking a very significant swing lower, printing 5830, and settling at 5844.

Volatility was very mixed, the VIX printing a 1pm low of 17.77, but swinging powerfully higher to 21.05, and settling +15.4% to 20.87. 
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Walked ten thousand times?

Bearish shadows

A fine end to the day

Bullish flowers

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

Goodnight from London
--

 

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Tuesday weakness

US equity indexes mostly closed on a weak note, SPX -23pts (0.4%) at 5940. Nasdaq comp' -0.4%. Dow -0.3%. The Transports settled -1.0%. R2K +0.01%

SPX - daily

VIX - daily

Summary

US equities opened a little weak. There was increasing downside in the afternoon, printing 5909, and settling at 5940. Volatility remained subdued, the VIX settling -0.3% at 18.09.

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

Goodnight from London
--

 

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Moody Monday

US equity indexes closed a little mixed, SPX +5pts (0.1%) at 5963. Nasdaq comp' +0.02%. Dow +0.3%. The Transports settled -0.3%. R2K -0.5%

SPX - daily

VIX - daily

Summary

US equities opened significantly lower... on Friday's US debt downgrade by Moody's. Yet... all the bears could manage was an opening low of 5895. There was a recovery into the afternoon, printing a new multi-week high of 5968, and settling fractionally higher at 5963.

Volatility was mixed, the VIX printing an opening (cash market) high of 19.16, but cooling back to settle +5.2% at 18.14.
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Bullish carbon capture

Another invasive species

Sunny... if almost a chill

You can't be bearish flowers

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

Goodnight from London
--

 
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