Trading Sunset

Tuesday, 7 September 2021

Weak leaning chop

US equity indexes mostly closed on a weak note, SPX -15pts (0.3%) at 4520. Nasdaq comp' +0.1%. Dow -0.8%. The Transports settled -0.7%.

SPX - daily5

VIX - daily3

Summary

US equities opened a little choppy, if leaning on the weaker side. All the equity bears could manage was sp'4513, an effective tag of a minor downside gap. From there... a choppy recovery into the early afternoon, with renewed cooling (if very minor) into the close.

Volatility was mixed, the VIX printing 18.39, but cooling back to settle +10.5% to 18.14.
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Airlines still trying to recover

A bonus summer day

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Extra charts in AH (usually around 5pm EST) @ https://twitter.com/Trading_Sunset

Goodnight from London
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Sunday, 5 September 2021

A Sunday in September

Sept'5th 2021...

A fine Sunday evening in the London metropolis

The usual names

G-type star

Busier skies

The Vampires soon to rise

In another timeline, this was my ride home

A majestic sunset

The twilight zone

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Yours... p

Saturday, 4 September 2021

Weekend update - World equity markets

It was a bullish month for most world equity markets, with net monthly changes ranging from +9.4% (India), +4.3% (China), +3.6% (Russia), +2.9% (Japan), +2.1% (Australia), +1.9% (Germany), +1.2% (USA), +0.3% (South Africa), -0.1% (Hong Kong), to -2.5% (Brazil).

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

USA - Dow

The mighty Dow climbed for the sixth month of eight, breaking a new historic high of 35631, settling +425pts (1.2%) to 35360. Monthly momentum ticked lower for a third consecutive month. I would note first major support of the 10MA at 32734.

Germany – DAX

Japan – Nikkei

Brazil – Bovespa

Russia - RTSI

India – SENSEX

China – Shanghai comp'

South Africa – Dow

Hong Kong – Hang Seng

Australia – AORD

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Summary

Eight world equity markets were net higher for August, with two net lower.

India and China lead the way up, whilst Hong Kong and Brazil were net lower.

The US, German, Indian, and Australian markets broke new historic highs.

Most markets settled above their respective monthly 10MA, the exceptions being Japan and Hong Kong.

Looking ahead

It will be a short four day trading week, with Monday CLOSED for Labor day. The schedule is distinctly light, which will give the market time to reflect on some of the grander issues.

Earnings:

M -

T - COUP, CASY

W - GME, LULU, RH

T - LOVE, ZS

F - KR

Econ-data:

M - *CLOSED*

T -

W - JOLTS, Fed Beige book (2pm)

T - Weekly jobs, EIA Pet' & Nat' gas

F - PPI, Wholesale invent'

Final note

The collective of world equity markets remain broadly m/t bullish from the collapse lows of March 2020. Ongoing low/zero/negative rates and QE from the various central banks is clearly part of the reason. There is some genuine degree of economic recovery, but many aspects (such as air travel) remain at very depressed levels.

There are two key concerns. First, a severe geo-political 'event'. I'm sure you can think of a few. The second aspect is health, and that is all I can note about that on these Google based pages.

For more charts, and whatever else I want to post about - outside the control of the mainstream media hacks, you know where to find me in... the twilight zone.