US equity indexes closed significantly higher, SPX +73pts (1.0%) at 7209. Nasdaq comp' +0.9%. Dow +1.6%. The Transports settled +1.3%. R2K +2.2%
SPX – daily
VIX – daily
Summary
US equities saw a few minor swings in the morning, but there was a push upward into the mid afternoon, the SPX printing a new hist' high of 7219, and settling at 7209.
Volatility was ground lower, the VIX settling -10.2% to 16.89.
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| The sun sets on April |
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US equity indexes mostly closed a little weak, SPX -2pts (0.04%) at 7135. Nasdaq comp' +0.04%. Dow -0.6%. The Transports settled -1.0%. R2K -0.7%
SPX – daily
VIX – daily
Summary
US equities saw considerable minor chop into the 2pm FOMC. Interest rates were naturally left u/c, with Powell appearing at 2.30pm...
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| "Thankyou very much everyone" - Powell |
Volatility picked up a little, the VIX settling +5.5% to 18.81.
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| Bullish trees and bees |
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| The sun is soon to set on April |
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US equity indexes closed on a weak note, SPX -35pts (0.5%) at 7138. Nasdaq comp' -0.9%. Dow -0.1%. The Transports settled -0.5%. R2K -1.2%
SPX – daily
VIX – daily
Summary
US equities opened on a weak note, but all the bears could manage was 7115. There was a subdued bounce to 7115, and settling moderately lower at 7138
Volatility was a little mixed, the VIX printing an opening high of 18.92, but cooling back to settle -1.0% at 17.83.
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US equity indexes closed a little mixed, SPX +8pts (0.1%) at 7173. Nasdaq comp' +0.2%. Dow -0.1%. The Transports settled -0.2%. R2K +0.1%
SPX - daily
VIX - daily
Summary
It was a very subdued day in equity land, but the SPX still managed to print a new hist' high of 7178, and settling fractionally positive at 7173.
Volatility was a little mixed, the VIX printing an early high of 19.27, but settling -3.7% to 18.02.
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It was a mixed week for US equity indexes, with net weekly changes ranging from +1.5% (Nasdaq comp'), +0.5% (SPX), +0.3% (R2K), -0.4% (Dow), -1.1% (NYSE comp'), to -6.8% (Trans).
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
Three indexes were net higher for the week, with three net lower.
The Nasdaq was sig' higher, whilst the Transports was powerfully lower (if skewed due to Avis).
The SPX, Nasdaq, R2K, and Transports broke new historic highs.
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Looking ahead
An exceptionally busy week is ahead, with a truck load of earnings, econ-data, and an FOMC.
Earnings:
M - $VZ $ACMR $DPZ $BFST $FULC $DEA $ARLP $LKFN $NWFL $BMRC $CLS $RMBS $CDNS $ARE $BRO $LC $NUE $CR $CTOS $AMKR
T - $UPS $KO $GLW $SPOT $ECL $GLXY $GM $HLT $AB $CNC $HOOD $BE $STX $TER $V $ENPH $OPK $MDLZ $CSGP $NXPI
W - $SOFI $APH $HUM $CAR $REGN $JKS $EAT $CNI $CSTM $ABBV $MSFT $AMZN $META $GOOGL $F $QCOM $CMG $KGC $BN $KLAC
T - $COG $CAT $VLO $W $LLY $MA $MO $MRK $BMY $CI $AAPL $SNDK $WDC $RDDT $AXTI $RIVN $MTZ $RIOT $AMGN $FSLR
F - $XOM $CVX $CL $MRNA $EL $LYB $D $FLGT $TPG $LIN
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Econ-data/events
M --
T - Case-Shiller HPI, consumer conf'
W - Durable goods orders, housing starts, building permits, Intl' trade, retail & wholesale invent', EIA Pet', *2pm FOMC announcement, with Powell's last press conf' at 2.30pm
T - Q1 GDP (print 1), Weekly jobs, employment cost, Pers' income/spending, PCE, Chicago PMI, leading indicators
F - -
*as Thursday is end month, I'd expect more dynamic price action on higher vol'.
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Final note
With a trio of historic highs, it has to be seen as a net bullish week for the market. The gains are more impressive, considering the war.
Speaking of which, the key concern should be the middle east, as resumed hostilities appear an eventuality.
Even if the Strait of Hormuz was magically opened immediately, various problems will worsen into June... not least jet fuel shortages. The grandest concern should be fertiliser and the global food supply, but very few want to break that taboo.
One thing is certain... we'll need more popcorn for episode 2026 of Planet Krazy.
Have a good weekend
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*the next post on this page will likely appear 6pm
EDT on Monday.
US equity indexes closed rather mixed, SPX +56pts (0.8%) at 7165. Nasdaq comp' +1.6%. Dow -0.2%. The Transports settled -0.9%. R2K +0.5%
SPX - daily
VIX - daily
Summary
Equities opened positive, with the SPX printing a new hist' high of 7168, and settling at 7165.
Volatility was ground lower into the weekend, the VIX settling -3.1% to 18.71.
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| Racing into the sunset |
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US equity indexes closed on a weak note, SPX -29pts (0.4%) at 7108. Nasdaq comp' -0.9%. Dow -0.4%. The Transports settled -3.8%. R2K -0.3%
SPX - daily
VIX - daily
Summary
US equities saw a morning of considerable chop, although the SPX did manage a fractional new hist' high. The afternoon saw a break lower on a war headline, the SPX printing 7046, and settling moderately lower at 7108.
Volatility was mixed, the VIX printing a high of 21.56. and settling +2.1% to 19.31.
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| Once more... night must fall |
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| Summer is another day closer |
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US equity indexes mostly closed higher, SPX +73pts (1.0%) at 7137. Nasdaq comp' +1.6%. Dow +0.7%. The Transports settled -8.4%. R2K +0.7%
SPX - daily
VIX - daily
Summary
US equities opened on a positive note, the SPX clawing upward to settle sig' higher at 7137.
Volatility was ground lower, the VIX settling -3.0% to 18.92.
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| Another day |
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US equity indexes mostly closed lower, SPX -45pts (0.6%) at 7064. Nasdaq comp' -0.6%. Dow -0.6%. The Transports settled +2.6%. R2K -1.1%
SPX - daily
VIX - daily
Summary
Equities saw early upside to SPX 7137, cooling to 7050, and settling moderately lower at 7064.
Whilst most indexes settled lower, with new historic highs for the Nasdaq, R2K, and Transports, it should be seen as a net bullish day.
Volatility picked up, the VIX printing 20.85, and settling +3.3% to 19.50.
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| Sunny... but chilly |
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| Bullish spires |
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US equity indexes closed mixed, SPX -16pts (0.2%) at 7109. Nasdaq comp' -0.3%. Dow -0.01%. The Transports settled +4.0%. R2K +0.5%
SPX - daily
VIX - daily
Summary
US equities opened a little weak, but all the bears could manage was 7084, and recovering to settle marginally lower at 7109. Volatility picked up, the VIX printing a high of 19.78, and settling +7.9% at 18.87.
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| A remnant of a dying nation |
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| Another day in hell |
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It was a very bullish week for US equity indexes, with net weekly gains ranging from +10.2% (Trans), +6.8% (Nasdaq comp'), +5.5% (R2K), +4.5% (SPX), +3.2% (Dow), to +2.0% (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
All six US equity indexes were net higher for the week.
The SPX, Nasdaq, R2K, and Transports broke new historic highs.
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Looking ahead
Earnings:
M - $CLF $BOH $SMBK $NNOX $CCBG $ALK $BOKF $STLD $WTFC $AGNC $NTST $SFBS $FLXS $RBB $WASH
T - $UNH $GE $RTX $MMM $DHI $DHR $DGX $HAL $GPC $SYF $ISRG $UAL $COF $IBKR $EQT $CB $NLY $WRB $RRC $EWBC
W - $BA $T $GEV $ELV $BSX $PM $BKU $CME $FBP $VRT $TSLA $IBM $NOW $LRCX $TXN $LUV $HXL $CSX $LVS $CASH
T - $AXP $BX $AAL $DOW $FCX $LMT $NOK $HBAN $TCBI $STM $INTC $NEM $EBC $BKR $CUBI $BY $AMTB $ASB $GBCI
F - $PG $CHTR $SLB $WU $MOG.A $RPT $NSC $SXT $HCA $GNTX
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Econ-data/events
M -
T - Retail sales, busi' invent', leading indicators, pending home sales
W - EIA Pet'
T - Weekly jobs, PMI serv' & manu'
F - Consumer sent'
Have a good weekend
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*the next post on this page will likely appear 6pm EDT on Monday.