Tuesday, 31 March 2026

March settles on a postive note

US equity indexes closed powerfully higher, SPX +184pts (2.9%) at 6528. Nasdaq comp' +3.8%. Dow +2.5%. The Transports settled +3.2%. R2K +3.4% 

SPX - daily



VIX - daily




Summary

US equities opened significantly higher, and whilst the early gains were a little shaky, there was a secondary push upward into the late afternoon, printing 6539, and settling powerfully higher at 6528. 

Volatility was crushed, the VIX settling -17.5% to 25.25. 
-

 

The sun sets on March/Q1




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Monday, 30 March 2026

Failed bounce

US equity indexes mostly closed on a weak note, SPX -25pts (0.4%) at 6343. Nasdaq comp' -0.7%. Dow +0.1%. The Transports settled -0.8%. R2K -1.5%

SPX - daily


VIX - daily


Summary


US equities opened on a positive note, but the bulls could only manage 6427. From there... choppy cooling to break a new multi-month low of 6316, and settling moderately lower at 6343.

Volatility remained elevated, the VIX settling -1.4% at 30.61.  
-

 

... around 7pm BST

 

... as the war continues




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Saturday, 28 March 2026

Weekend update - US equity indexes

It was a mixed week for US equity indexes, with net weekly changes ranging from -3.2% (Nasdaq comp'), -2.1% (SPX), -0.9% (Dow), +0.1% (NYSE comp'), +0.4% (R2K), to +1.8% (Trans).

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

sp'500


Nasdaq comp'


Dow


NYSE comp'


R2K


Trans

--

Summary

Three US equity indexes were net lower for the week, with three net higher

The Nasdaq was powerfully lower, whilst the Transports was significantly higher. 

--

Looking ahead

It will be a short four day week, with Friday CLOSED for 'Good Friday'

Earnings:

M - $RZLV $PAVM $FRMI $PDSB $NMRA $IMSR $BCAX $CBAT $PRGS $DMAC $ARKO $FTHM $BLNE $SGMO $PHR $SPCE $APC $AIRJ

T -$MKC $PRPL $TE $ALTI $IMNN $BITF $CHA $AMS $JILL $INKT $NKE $BYND $NCNO $BTBT $BNZI $AAUC $RH $SPWH $PROP 

W - $LW $NG $CAG $TLRY $UNF $VNRX $PED $MSM $NKLR $PENG $FC

T - $NAMM $LNN $AYI $ANGO 

F - CLOSED

-

Econ-data/events

M - Powell, 10.30am

T - Case-Shiller HPI, Chicago PMI, consumer conf'

W - Retail sales, busi' invent, PMI manu', ISM manu', EIA Pet'

T - Weekly jobs, Intl' trade 

F - Monthly jobs, PMI serv',   CLOSED

*UK/European clocks will change 2am, Sunday, March 29th

--

 


Have a good weekend
--
*the next post on this page will likely appear 6pm EDT on Monday.

 


 


 


 

Friday, 27 March 2026

Falling into the weekend

US equity indexes closed significantly lower, SPX -108pts (1.7%) at 6368. Nasdaq comp' -2.1%. Dow -1.7%. The Transports settled -1.1%. R2K -1.7%

SPX - daily



VIX - daily



Summary

US equities opened on a weak note, and whilst there was a few bounce attempts, the SPX fell to 6356, and settling sig' lower at 6368.

Volatility climbed into the weekend, the VIX settling +13.2% at 31.05. 

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Thursday, 26 March 2026

An eighth consecutive red Thursday

US equity indexes closed significantly lower, SPX -114pts (1.7%) at 6477. Nasdaq comp' -2.4%. Dow -1.0%. The Transports settled -0.4%. R2K -1.8% 

SPX - daily



VIX - daily



Summary

US equities opened broadly lower. Whilst there was an initial bounce from 6553 to 6573, there was a secondary wave lower to 6473, and settling sig' lower 6477. Another red Thursday... as expected. 

Volatility picked up, the VIX printing 28.46, and settling +8.3% to 27.44. 
-

A fine end to the day


A brief glimpse... before nightfall


As the war continues



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Wednesday, 25 March 2026

Black candle ahead of a Thursday

US equity indexes closed on a positive note, SPX +35pts (0.5%) at 6591. Nasdaq comp' +0.8%. Dow +0.7%. The Transports settled +0.6%. R2K +1.2%

SPX - daily



VIX - daily



Summary

US equities opened broadly higher, but there was an stall from resistance, the SPX maxing out at 6633. From there... cooling to 6568, and settling at 6591.

Volatility was mixed, the VIX printing an early low of 24.82, and settling -6.0% to 25.33.
-

Sunny, but a cold 5c/41f

 

Bullish sunset

 

... as the war continues.




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Tuesday, 24 March 2026

A mixed Tuesday

US equity indexes closed mixed, SPX -24pts (0.4%) at 6556. Nasdaq comp' -0.8%. Dow -0.2%. The Transports settled +1.3%. R2K +0.5%

SPX - daily



VIX - daily


Summary

US equities opened moderately lower, with the SPX printing 6525. There was a not-entirely surprising turnaround, recovering to 6595, if settling moderately lower at 6556. 

Volatility picked up a little, the VIX printing an early high of 27.94, and settling +3.1% to 26.95. 

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Monday, 23 March 2026

TACO Monday

US equity indexes closed significantly higher, SPX +74pts (1.1%) at 6581. Nasdaq comp' +1.4%. Dow +1.4%. The Transports settled +1.3%. R2K +2.2% 

SPX - daily



VIX - daily




Summary

US equity futures were broadly lower at 11.04am GMT (7.04am EDT).
Then Trump posted...


 
 
Futures spiked, with the SPX briefly +200pts or so.
 
The market opened sig' higher... the SPX printing 6651, cooling to 6565. The afternoon saw a secondary push upward, settling at 6581. 
 
Volatility was itself pretty wild, the VIX printing an early low of 23.87, bouncing to 26.83, and settling -2.3% at 26.15.
 
 
The land of terrorist attacks 

 
 


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Saturday, 21 March 2026

Weekend update - US equity indexes

It was a bearish week for most US equity indexes, with net weekly changes ranging from -2.1% (Nasdaq comp', Dow), 2.0% (NYSE comp'), 1.9% (SPX), -1.6% (R2K), to +0.7% (Trans). 

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

sp'500


Nasdaq comp'


Dow


NYSE comp'


R2K


Trans


--

Summary

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

The Nasdaq and Dow lead the way down, whilst the Transports was moderately higher.

--

Looking ahead

Earnings:

M - $LAR $BLRX $WRD $PPHC $BNGO $AGBK $ONDS

T - $ACHV $EVTL $CNM $SMTI $LENZ $HSAI $FENZ $CNXC $NRXP $HMR $BRZE $NOAH $BZAI $AIR $MXCT $ABSI $MDAI $BSEM $BCDA $FGI

W - $CHWY $PDD $KALV $BZUN $CTAS $PAYX $EDAP $CGNT $VIOT $BYND $KRMN $GCTS $HIT $DERM $DYAI $EPAC $CWD $CYN $FUL 

T - $PAVM $PONY $CMC $LOVE $WYFI $QNRX $SCVL $DOO $DBI $LUCD $VERI $BLNK $ACOG $WPRT $BTGO $NMAX $OXM $AGX $CV $DARE

F - $CCL $AUTL $TMC $SBC $LGN $SLE 

-

Econ-data/events

M - Construction

T - Productivity, PMI serv' & manu'

W - Import prices, EIA Pet'

T - Weekly jobs

F - Consumer sent' 

--

 


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Have a good weekend
--

*the next post on this page will likely appear 6pm EDT on Monday.

 



 

Friday, 20 March 2026

A bearish Quad-Opex

US equity indexes closed significantly lower, SPX -100pts (1.5%) at 6506. Nasdaq comp' -2.0%. Dow -1.0%. The Transports settled -0.5%. R2K -2.3%

SPX - daily


VIX - daily

Summary

US equities opened on a weak note. There were numerous bounce attempts, but all failing, with the SPX printing a new multi-month low of 6473, and settling at 6506.  

Volatility picked up, the VIX printing a high of 29.28, and settling +11.3% to 26.78. 

-

Day one of spring

 

The construction continues
 –


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