Weekend update - World equity markets

It was a mixed month for world equity markets, with net monthly changes ranging from +6.5% (Brazil), +6.0% (Russia), +2.1% (India), +0.8% (South Africa, Argentina), +0.3% (USA), -0.5% (Germany), -1.7% (China), -2.8% (Australia), to -4.1% (Japan).

Lets take our regular look at ten of the world equity markets.

USA - Dow

Germany – DAX

Japan – Nikkei

Brazil – Bovespa

Russia - MOEX

India – SENSEX

China – Shanghai comp'

South Africa – Dow

Argentina - MerVal

Australia – AORD

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Summary

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

Brazil and Russia were powerfully higher, whilst Australia and Japan were powerfully lower.

The USA, Japan, Brazil, India, South Africa, and Argentina markets broke new hist' highs.

Nine markets are trading above their respective monthly 10MA, the exception being Russia

Eight markets have positive monthly momentum, the two exceptions being Russia and India 

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Looking ahead

Earnings:

M - $HAFN $CRDO $MDB $SLP $VSTS $CANG

T - $BNS $SIG $UNFI $MRVL $GTLB $CRWD $PSTG $AEO $BOX $OKTA $ASAN $LESL 

W - $DLTR $M $RY $CXM $THO $CRM $SNOW $AI $PATH $FIVE $GWRE $DSGX $HQY $PVH $TLYS 

T - $KR $DG $HRL $TIGR $BBW $CM $SAIC $TD $DCI $HOV $RBRK $DOCU $S $IOT $CHPT $ULTA $HPE $COO $AGX $SPWH 

F - $MNY $KNOP $VSCO 

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Econ-data/events:

M - PMI & ISM manu', Powell (8pm) 

T - Vehicle sales

W - ADP jobs, Import prices, PMI & ISM serv'

T - Weekly jobs, Intl' trade

F - Pers' income/outlays, PCE

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Final note

November was a net bullish month for the collective of world equities, not least with six indexes breaking new historic highs. You can argue a number of markets are overbought, but that can remain the case for many months. 

With just 21.5 trading days (at least for the US market) left of the year, I will hope the price action is enough to keep most of us awake. 

The most interesting action right now, is arguably in the silver market. Silver itself is currently net higher for the year by +84.7%, having printed a new hist' high of $56.51. $60 looks an easy target before Santa delivers. $70/75 looks realistic by mid January, which might sync with Gold $5K. 

Anyway, the year is almost done, as is perhaps yours truly. 
 

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

Half day to settle November

US equity indexes closed moderately higher, SPX +36pts (0.5%) at 6849. Nasdaq comp' +0.6%. Dow +0.6%. The Transports settled +0.3%. R2K +0.3%

SPX - daily

VIX - daily

Summary

US equities opened a little higher, with the SPX clawing to 6850, and settling moderately higher at 6849. Volatility was ground lower into the weekend, the VIX settling -5.7% to 16.21.

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Thanksgiving 2025

South Park, 28x04

  

Pluribus, 1x05

Thanksgiving

I am thankful to each of you.

To varying degrees... you're the reason I'm still here.

Thanksgiving evening... what to watch?

Stranger Things season'5 (eps 1-4), Bugonia (2025), or maybe The Adventures of Buckaroo Banzai Across the 8th Dimension (1984). 

I've watched the following end scene to Buckaroo Banzai maybe a hundred times, but I can't recall ever seeing the movie. 

yours... not sponsored by Lockheed Martin, Pfizer, or Saudi Arabia*. 

*You'll need to watch the latest South Park to understand that reference.
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Planes, Trains, and Auto-stocks

US equity indexes closed broadly higher, SPX +46pts (0.7%) at 6812. Nasdaq comp' +0.8%. Dow +0.7%. The Transports settled +0.8%. R2K +0.8%

SPX - daily5b

VIX - daily

Summary

US equities opened on a positive note, with the SPX pushing to 6831, and settling broadly higher at 6812. Volatility was ground lower for a fourth consecutive day, the VIX settling -7.4% to 17.19.   

-

4.31pm GMT, 6c/42f

 

Bullish LED lights for Christmas 

 

Bullish moon

 

Who will have the first moon base, Blue Origin or SpaceX ? 

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Positively upward

US equity indexes closed broadly higher, SPX +60pts (0.9%) at 6765. Nasdaq comp' +0.7%. Dow +1.4%. The Transports settled +2.3%. R2K +2.2%

SPX - daily5b

VIX - daily

Summary

US equities opened choppy, if leaning weak to 6659. From there, a rebound into the late afternoon to 6776, and settling at 6765. Volatility was mixed, the VIX printing an early high of 21.77, but cooling back to settle -9.5% to 18.56.
-

Once more... night must fall

 

Next full moon is Dec'4th

 

 

Maximum zoom

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Thanksgiving week

US equity indexes mostly closed sig' higher, SPX +102pts (1.5%) at 6705. Nasdaq comp' +2.7%. Dow +0.4%. The Transports settled +0.15%. R2K +1.9%

SPX - daily

VIX - daily

Summary

US equities began Thanksgiving week on a positive note, the SPX printing 6715, and settling sig' higher at 6705.  Volatility cooled back, the VIX settling -12.4% to 20.52.

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Weekend update - US equity indexes

It was a bearish week for US equity indexes, with net weekly declines ranging from -2.7% (Nasdaq comp'), -1.9% (SPX, Dow), -1.4% (NYSE comp'), -0.8% (R2K), to -0.4% (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 lower for the week.

The Nasdaq lead the way down, whilst the old leader - Transports, was resilient.

Five US equity indexes are trading under their respective weekly 10MA, and have negative weekly momentum. The exception in both cases is the Transports.  

–

Looking ahead

It will be a short 3.5 day week... for Thanksgiving. 

Earnings:

M - $BLRX $CAAP $WRD $SYM $ZM $SMTC $SNEX $PFLT $FLNC $KEYS $PNNT $A $ALCO

T - $BABA $NIO $ANF $ADI $KSS $BBY $PONY $BURL $AMTM $AVXL $DELL $CLSK $WDAY $NTNX $ZS $AMBA $PD $URBN $NTAP 

W - $DE $LI $CLGN $HDL $EH 

T - -

F - $CHA

-

Econ-data/events

M - - 

T - Retail sales, Case-Shiller HPI, Busi' invent, consumer conf', pending home sales

W - Weekly jobs, GDP Q3 (print'1), Intl' trade, retail & wholesale invent', Durable goods orders, Pers' income/spending, PCE, Chicago PMI

T - *CLOSED*

F - *EARLY CLOSE 1pm EDT*

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Final note

Many are overly focused on the intraday action, which is always to be seen as semi-random chaos. As I like to say... 'don't get lost in the minor noise', as downside momentum has been building for a few weeks now. 

The collective of weekly charts I've highlighted are clear... the m/t ramp from April has ended. In the case of the SPX, target are 6200/6100s. Its not bold, and looks probable before year end. 

I'd also be mindful of the giant monthly charts, but hey... I won't duplicate here, what I've posted elsewhere.  

Ohh, and I'd not care whether the Fed cut rates or do nothing December 10th. It won't make any significant difference to the indebted sheep struggling to pay their basic living costs. 

I shall continue to call it... as I see it, not what I believe you want to hear. 
For that... my audience is perhaps 97% less.
At least I'll die not being a mainstream hack.  

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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 EST on Monday.

OPEX as expected

US equity indexes closed sig' higher, SPX +64pts (1.0%) at 6602. Nasdaq comp' +0.9%. Dow +1.1%. The Transports settled +3.1%. R2K +2.8% 

SPX - daily

VIX - daily

Summary

US equities opened moderately higher, but the gains were shaky from the start, with the SPX reversing from 6576 to print a new s/t low of 6521. There was a secondary push upward to 6660, and settling at 6602.

Volatility was mixed, the VIX printing a morning high of 27.54, and settling -11.3% to 23.43.  
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  4c/39f

 

How long does St. Mary's have until the monsters burn it down?

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An ugly downside reversal

US equity indexes mostly closed significantly lower, SPX -103pts (1.6%) at 6538. Nasdaq comp' -2.1%. Dow -0.8%. The Transports settled -1.4%. R2K -1.9%

SPX - daily

VIX - daily

Summary

US equities opened significantly higher, with the SPX printing 6770. However, there was a powerful downside reversal, falling to 6534, and settling at 6538.

Volatility saw an early low of 19.28, spiking to 28.27, and cooling back to settle +11.7% to 26.42.  

 -

Above the London rooftops

Meanwhile...

Semeru, Indonesia

 
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