Weekend update - US equity indexes

It was a mixed week for US equity indexes, with net weekly changes ranging from -2.8% (Transports), -2.1% (Nasdaq comp'), 1.4% (SPX), -1.2% (Dow), -0.8% (R2K), to +0.3% (NYSE comp').

Lets take our regular look at six of the main US indexes (weekly candle charts)

sp'500

Nasdaq comp'

Dow

NYSE comp'

R2K

Trans

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Summary

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

The Transports was very significantly lower, whilst the NYSE comp' was marginally higher.

The Dow, NYSE comp', and the Trans broke new hist' highs.  

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Looking ahead

It will be a short four day trading week, with Monday CLOSED for Washington's birthday.

Earnings:

M - $RNW $SON $AIBI $OTTR

T - $ET $MDT $SXC $LDOS $VMC $KRYS $CRNT $ECC $FLR $ETOR $HL $PANW $CDNS $DVN $EQT $SSRM $TOL $KVUE $MKSI $FE 

W - $ADI $SEDG $GRMN $MCO $LBTYA $PUMP $CSTM $VRSK $FVRR $ICL $KGC $CDE $PAAS $RGLD $EQX $CVNA $DASH $FIG $EBAY $RELY 

T - $WMT $AG $PWR $DE $LMND $KLAR $VC $W $DAVA $NICE $OPEN $RIG $NEM $AKAM $FIX $LYV $SFM $TXRH $CGAU $AXTI 

F - $AU $TLX $PQR $PPL $OIS $FLT $LAMR $HBM $WU $CCOI 

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Econ-data/events

M - *CLOSED*

T - Empire state manu'

W - Housing starts, building permits, durable goods orders, retail & wholesale invent', FOMC mins (2pm)

T - Weekly jobs, intl' trade, Phil' Fed manu', pending home sales

F - GDP Q4 (print'1), Pers' income/spending, PCE, PMI serv' & manu', new home sales, consumer sent', *OPEX*

As Friday is opex, I'd expect considerable chop on higher vol'  
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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 Tuesday, Feb'17th.
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Another red Thursday

US equity indexes closed significantly lower, SPX -108pts (1.6%) at 6832. Nasdaq comp' -2.0%. Dow -1.3%. The Transports settled -4.0%. R2K -2.0%

SPX - daily

VIX - daily

Summary

Equities opened a little higher, but much like Wednesday, saw an opening downside reversal. The SPX swung from 6973 to 6824, and settling significantly lower at 6832.

Volatility picked up, the VIX settling +18.0% to 20.82.  

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Midweek swings

US equity indexes closed a little mixed, SPX -0.3pts (0.00%) at 6941. Nasdaq comp' -0.2%. Dow -0.1%. The Transports settled +0.04%. R2K -0.4%

SPX - daily

VIX - daily

Summary

US equities saw an early high of 6993, a washout to 6911, and settling -0.00% to 6941. 

Volatility was mixed, the VIX printing a morning high of 18.96, but cooling back to settle -0.8% to 17.65. 

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Tuesday chop

US equity indexes closed moderately mixed, SPX -23pts (0.3%) at 6941. Nasdaq comp' -0.6%. Dow +0.1%. The Transports settled +0.3%. R2K -0.3% 

SPX - daily



VIX - daily



Summary

US equities saw a day of considerable minor chop, the SPX settling moderately lower at 6941. 

Volatility picked up a little, the VIX settling +2.5% to 17.79 
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Bullish follow through

US equity indexes mostly closed positive, SPX +32pts (0.5%) at 6964. Nasdaq comp' +0.9%. Dow +0.04%. The Transports settled -0.7%. R2K +0.7%

SPX - daily

VIX - daily

Summary

US equities opened a little choppy, but all the bears could manage was SPX -27pts to 6905, before a rather significant upside reversal to 6980, and settling moderately higher at 6964. 

Volatility was a little mixed, the VIX printing an opening high of 18.86, but ground back lower to settle -2.2% to 17.36.

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Weekend update - US equity indexes

It was a mixed week for US equity indexes, with net weekly changes ranging from +8.7% (Transports), +2.5% (Dow), +2.2% (NYSE comp'), +2.1% (R2K), -0.1% (SPX), to -1.8% (Nasdaq comp').

Lets take our regular look at six of the main US indexes (monthly candle charts) 

sp'500

Nasdaq comp'

Dow

NYSE comp'

R2K

Trans

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Summary

Four indexes were net higher for the week, with two net lower.

The 'old leader' - Transports, powerfully lead the way up, whilst the Nasdaq was sig' lower.

The Dow, NYSE comp', and the Transports broke new historic highs.

More broadly, all six indexes are trading above their respective 10MA and have positive monthly momentum.  

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Looking ahead

Earnings:

M - $CLF $PGY $APO $MNDY $KD $CNA $SBH $AIOT $AVXL $DT $ON $AMKR $OPEN $SVM $PNNT $MEDP $GT $ACGL $SSD $UPWK 

T -$KO $CVS $SPOT $HAS $DDOG $FISV $SPGI $AZN $RACE $OSCR $MAR $HOOD $ALAB $F $LYFT $UPST $GILD $NET $EW $AIG $ZG 

W -$SHOP $VRT $U $HUM $KHC $TMUS $GFS $MCD $OTLY $NTES $APP $ALB $CSCO $QS $HUBS $CRK $AUR $FSLY $CFLT $CGNX

T -$NBIS $MLCO $BN $HWM $CROX $ZTS $PCG $BIRK $AEP $COIN $PINS $ANET $RIVN $FROG $TOST $DKNG $AMAT $EXPE $BROS 

F - $MRNA $CCJ $WEN $AAP $ENB $CIGI $SXT $MGA $TRP $ESNT 

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Econ-data/events

M -

T -NFIB optimism, employment cost, import prices, retail sales, busi' invent

W - Monthly jobs, US T-budget (2pm)

T - Weekly jobs, existing home sales

F - CPI... on a Friday the 13th. 

*With Monday 16th CLOSED, the preceding Friday will be inclined to be subdued on low vol 

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Final note

Tuesday through Thursday was rough, but Friday ended on a very strong note. Are we already back to 'everything is fine' mode, with net upside into March? 

... and what about gold/silver? Thursday saw the precious metals receive another smackdown, if bouncing with the main market on Friday. I'm still very much mid/long term bullish the metals, but I'm very conflicted about the short term. 

Many will understandably be focused on the Superbowl this weekend. There is something to be said for bread and circuses, to distract from the underlying horror of a disintegrating western culture.

Enjoy your bread... and the game. 

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Have a good weekend
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*the next post on this page will likely appear 6pm EST on Monday.
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Bouncing into the weekend

US equity indexes closed very significantly higher, SPX +133pts (2.0%) at 6932. Nasdaq comp' +2.2%. Dow +2.5%. The Transports settled +1.8%. R2K +3.7%

SPX - daily

VIX - daily

Summary

Equities opened broadly higher, with the SPX pushing to 6944, and settling at 6932.

Volatility was ground lower, the VIX settling -18.4% to 17.76.
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A naturally red Thursday

US equity indexes closed significantly lower, SPX -84pts (1.2%) at 6798. Nasdaq comp' -1.6%. Dow -1.2%. The Transports settled -0.9%. R2K -1.8%

SPX - daily

VIX - daily

Summary

US equities opened broadly lower. There were numerous bounce attempts, but they were all sold into, the SPX printing a low of 6780, and settling at 6798.

Volatility significantly climbed, the VIX printing 23.10, and settling +16.8% to 21.77.
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Midweek swings

US equity indexes closed very mixed, SPX -35pts (0.5%) at 6882. Nasdaq comp' -1.5%. Dow +0.5%. The Transports settled +2.4%. R2K -0.8%

SPX - daily

VIX - daily

Summary

US equities opened choppy, the SPX printing 6936, but swinging lower to 6838, and recovering to settle at 6882. Volatility picked up some more, the VIX printing 21.24, and settling +3.6% to 18.64.  

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Winter sun

 

The sun remains active

On the right... sunspot group 4366

 

A fine day

 

Spring is coming

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Turnaround Tuesday

US equity indexes closed very mixed, SPX -58pts (0.8%) at 6917. Nasdaq comp' -1.4%. Dow -0.3%. The Transports settled +2.0%. R2K +0.3%

SPX - daily

VIX - daily

Summary

Equities opened a little choppy. The SPX printed a high of 6991, but saw a significant wave lower, printing 6862, and settling at 6917.  Volatility picked up, the VIX printing 20.37, and settling +10.2% to 18.00

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Starting positive

US equity indexes closed broadly higher, SPX +37pts (0.5%) at 6976. Nasdaq comp' +0.6%. Dow +1.0%. The Transports settled +3.1%. R2K +0.9%

SPX - daily

VIX - daily

Summary

US equities opened a little weak, but there was an opening upside reversal from 
6914, printing 6991, and settling at 6976. Volatility saw an opening high of 18.14, if cooling back to settle -6.3% to 16.34 
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Weekend update - World equity markets

It was a bullish month for most world equity markets, with net monthly changes ranging from +12.4% (Brazil), +5.9% (Japan), +4.8% (Argentina) +4.0% (South Africa), +3.8% (China), +1.7% (USA), +1.6% (Australia) +0.6% (Russia), +0.2% (Germany), to -3.5% (India). 

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

USA - Dow

Germany – DAX

Japan – Nikkei

Brazil – Bovespa

Russia – RTSI

India

China – Shanghai comp'

South Africa

Argentina

Australia - AORD

 

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Summary

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

Brazil lead the way up, whilst India was powerfully lower.

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

Seven markets are trading above their respective monthly 10MA, the three exceptions being Russia, India, and South Africa.

Six markets have positive monthly momentum, the four exceptions being Russia, India, China, and Australia. 

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Looking ahead 

Earnings:

M - $DIS $APTV $IDXX $RVTY $TSN $TWST $NSSC $HESM $BSRR $ARLP $PLTR $TER $NXP $FN $SPG $WWD $DVA $DOC $RMBS $CSWC 

T -$PYPL $PEP $MRK $PFE $GLXY $ETN $MPLX $ADM $HUBB $IT $AMD $SMCI $CMG $ENPH $LITE $AMGN $LUMN $DDX $AMCR $PRU 

W - $UBER $LLY $NVO $BSX $JCI $ABBV $ADNT $CTSH $CME $UBS $GOOGL $ARM $QCOM $ORLY $SNAP $COHR $ELF $SYM $CCI $FLNX 

T - $COP $BMY $ENR $SHEL $CX $CI $EL $CMI $IQV $LIN $AMZN $IREN $MSTR $RBLX $RDDT $BE $AFRM $TEAM $MCHP $B

F - $CGC $ROIV $CNC $CBOE $BIIB $NVT $UAA $TM $AN $PAA 

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Econ-data/events

M -Vehicle sales, ISM manu'

T - JOLTS, ISM serv' 

W - ADP jobs, EIA Pet'

T - Weekly jobs

F - consumer sent', consumer credit (3pm) 
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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.