Saturday, 31 January 2026

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

 


 --

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. 

--

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 

-

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) 
-

 
Have a good weekend

*the next post on this page will likely appear 4.20pm EST on Monday.



 


Friday, 30 January 2026

January settles

US equity indexes closed broadly lower, SPX -29pts (0.4%) at 6939. Nasdaq comp' -0.9%. Dow -0.4%. The Transports settled -0.4%. R2K -1.5%

SPX - daily


VIX - daily

 


Summary

US equities opened on a weak note, and whilst there were numerous bounce attempts, all were sold into, the SPX settling at 6939. Volatility picked up, the VIX settling +3.3% at 17.44. 

Subscription offers > https://www.tradingsunset.com

Thursday, 29 January 2026

Thursday washout

US equity indexes closed rather mixed, SPX -9pts (0.1%) at 6969. Nasdaq comp' -0.7%. Dow +0.1%. The Transports settled +1.3%. R2K +0.04%

SPX - daily



VIX - daily



Summary

US equities opened a little choppy, the SPX printing a high of 6992. However, there was a rather powerful downside reversal, printing a low of 6870. There was a significant bounce to settle at 6969.  

Volatility spiked... the VIX printing 19.74, if cooling back to +3.2% to 16.88.

Subscription offers > https://www.tradingsunset.com
--


 

Wednesday, 28 January 2026

A subdued Fed day

US equity indexes closed a little mixed, SPX -0.6pts (0.01%) at 6978. Nasdaq comp' +0.2%. Dow +0.02%. The Transports settled -0.2%. R2K -0.5%

SPX - daily



VIX - daily



Summary

US equities opened a little higher, with the SPX printing a new hist' high of 7002. From there... considerable chop into the Fed...

The CEO of Print Central

 
US equities saw a few minor swings, the SPX settling fractionally lower at 6978.  Volatility was a little mixed, the VIX printing a high of 17.18, and cooling back to settle u/c at 16.35. 



 

Subscription offers > https://www.tradingsunset.com



Tuesday, 27 January 2026

New historic high

US equity indexes mostly closed on a positive note, SPX +28pts (0.4%) at 6978. Nasdaq comp' +0.9%. Dow -0.8%. The Transports settled +0.1%. R2K +0.3%

SPX - daily



VIX - daily



Summary

US equities opened on a positive note, with the SPX battling upward to print a fractional new historic high of 6988, and settling at 6978.  Volatility was a little higher, the VIX settling +1.2% to 16.35 
-

Bullish construction


Almost finished

 

Sunshine, with rain in the air

-


Subscription offers > https://www.tradingsunset.com




Monday, 26 January 2026

7K is due

US equity indexes closed somewhat mixed, SPX +34pts (0.5%) at 6950. Nasdaq comp' +0.4%. Dow +0.6%. The Transports settled -0.2%. R2K -0.3%

SPX - daily



VIX - daily



Summary

US equities opened on a positive note, and whilst the Tran/R2K turned marginally lower, the SPX battled upward to 6964, and settling at 6950. 7K is viable on Tuesday, with the Dow set to print giant psy' 50K.

Volatility was a little mixed, the VIX printing an opening high of 16.42, cooling back to 15.80, and settling +0.4% at 16.15.  


Subscription offers > https://www.tradingsunset.com




Saturday, 24 January 2026

Weekend update - US equity indexes

It was a marginally bearish week for US equity indexes, with net weekly declines ranging from -0.5% (Dow), -0.4% (R2K), -0.35% (SPX), -0.25% (Trans), -0.2% (NYSE comp'), to -0.1% (Nasdaq comp').

Lets take our regular look at six of the main US indexes

sp'500


Nasdaq comp'

Dow


NYSE comp'


R2K


Trans

--

Summary

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

The Dow was moderately lower, whilst the Nasdaq was most resilient.

The NYSE comp', R2K, and Transports broke new historic highs. 

--

Looking ahead

An exceptionally busy week is ahead, with multiple truck loads of earnings, and an FOMC.

Earnings:

M - $RYAAY $STLD $BKR $BMRC $BOH $LKFN $HBT $AGNC $BRO $NUE $CR $WAL $SANM $WRB $AGYS $FSBC $FSUN

T - $UNH $BA $GM $RTX $NOC $SYF $AAL $CVLT $KMB $TXN $STX $NXT $PKG $PPG $FFIV $GEF $HAFC $ENVA $LRN 

W -$ASML $GEV $T $APH $GLW $GD $SBUX $VFC $PGR $ADP $MSFT $META $TSLA $LRCX $NOW $CLS $IBM $WM $LVS $LC 

T -$MA $CAT $NOK $NDAQ $RCL $MO $PH $BX $LMT $HZO $AAPL $SNDK $V $WDC $SAP $DECK $EMN $HITI $RMD $LPLA 

F -$CVX $XOM $AXP $VZ $CNI $CHTR $LYB $ALV $APD 

-

Econ-data/events

M - Durable goods orders

T - Consumer confidence

W - EIA Pet' report

*FOMC announcement (2pm), Press conf' (2.30pm) 

T -Weekly jobs, intl' trade, productivity, wholesale invent', factor orders

F - PPI 

*as Friday is end month, I'd expect more dynamic price action on higher vol'  

--

  4.05pm GMT
 

Final note

Without sounding like a mainstream cheerleader for clown finance TV, earnings are coming in broadly good. Headline GDP data is being propped up by govt' deficit spending of around 7%, with many sincerely believing that 'everything is fine'. The reality is that for tens of millions in North America and Europe, the economic collapse has already occurred. Few want to hear that, as it might pop their bubble of ignorance or wilful delusion. 

The real action remains in gold and silver, as most of you recognise what is set to play out into the early 2030s.  

Regardless of how January settles, with five of six (Nasdaq is the exception) indexes breaking a new historic high, it has to be seen as a net bullish month. Why would we expect February to be any different? 

Sure, a 10% or even 20% washout is probable, but there are trillions of dollars looking for a place to be spent, as 2026 looks set to be another net bullish year
 


If you value my work, subscribe to me > https://www.tradingsunset.com

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


 


Friday, 23 January 2026

Chop into the weekend

US equity indexes closed rather mixed, SPX +2pts (0.03%) at 6915. Nasdaq comp' +0.3%. Dow -0.6%. The Transports settled -1.4%. R2K -1.8%

SPX - daily


VIX - daily


Summary

US equities saw a day of considerable chop, the SPX settling fractionally higher at 6915. 

Volatility was a little higher, the VIX settling +2.9% to 16.09.

-


Subscription offers > https://www.tradingsunset.com


 

Thursday, 22 January 2026

Green Thursday

US equity indexes closed on a positive note, SPX +37pts (0.5%) at 6913. Nasdaq comp' +0.9%. Dow +0.6%. The Transports settled +0.2%. R2K +0.7% 

SPX - daily



VIX - daily



Summary

US equities opened moderately higher, with the SPX printing a high of 6934, and settling moderately higher at 6913. Volatility was ground lower, the VIX settling -7.5% to 15.64

-



Subscription offers > https://www.tradingsunset.com



Wednesday, 21 January 2026

Trump taketh, Trump giveth

US equity indexes closed significantly higher, SPX +78pts (1.2%) at 6875. Nasdaq comp' +1.2%. Dow +1.2%. The Transports settled +3.1%. R2K +2.0%

SPX - daily



VIX - daily



Summary

US equities opened on a positive note, the SPX pushing to 6874, cooling to 6804. There was a late afternoon ramp to 6910 on Trump, settling to 6875. Volatility was crushed, the VIX settling -15.9% to 16.90.

-


Subscription offers > https://www.tradingsunset.com


 

Tuesday, 20 January 2026

Trump related downside

US equity indexes closed very significantly lower, SPX -143pts (2.1%) at 6796. Nasdaq comp' -2.4%. Dow -1.8%. The Transports settled -2.1%. R2K -1.2%  

SPX - daily



VIX - daily



Summary

US equities opened significantly lower, with the SPX sliding across the day to 6789, and settling very significantly lower at 6796. Volatility picked up, the VIX printing a high of 20.99, if cooling back to settle +26.7% to 20.09. 

-


Subscription offers > https://www.tradingsunset.com