Saturday, 20 November 2021

Weekend update - US equity indexes

It was a mixed week for US equity indexes, with net weekly changes ranging from -2.8% (R2K),  -1.9% (NYSE comp'), -1.4% (Dow, Transports), +0.3% (SPX), to +1.2% (Nasdaq comp').

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

sp'500

Nasdaq comp'

Dow

R2K

NYSE comp'

Trans

Summary

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

The R2K lead the way lower, whilst the Nasdaq comp' was most resilient.

The Nasdaq comp' and the NYSE comp' broke new historic highs.

Looking ahead

It will be a short 3.5 day trading week.

Earnings:

M - NIU, ZM, URBN

T - DKS, BBY, DLTR, AEO, ANR, MDT, ADI, BURL, HPQ, GPS, JWN, DELL, VMW

W - DE

T - -

F - -

-

Econ-data/events

M - Existing home sales

T - PMI manu', PMI serv'

W - Weekly jobs, Q3 GDP (print'2), Durable goods orders, Intl' trade, new home sales, consumer sent', EIA Pet' report, FOMC minutes (2pm).

T - CLOSED for Thanksgiving

F - *Early closing at 1pm EST*

-

Another day closer


Final note

For more of the same... you know where I am.


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Have a good weekend

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*the next post on this page will likely appear 5pm EST on Monday.

Wednesday, 17 November 2021

Midweek weakness

US equity indexes closed a little weak, SPX -12pts (0.3%) at 4688. Nasdaq comp' -0.3%. Dow -0.6%. The Transports settled -1.4%. R2K -1.3%

SPX - daily5

VIX - daily3

Summary

US equities opened in micro chop mode, if leaning on the weaker side. The afternoon saw considerable minor chop, if still leaning on the weaker side.

Volatility picked up a little, the VIX settling +4.5% to 17.11. S/t outlook leans to the bears, if only to around 4550, before resuming upward to new historic highs in the 4800s.

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Moon rise... in the twilight zone

Full moon is Friday

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

Goodnight from London
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Tuesday, 16 November 2021

Underlying strength

US equity indexes closed on a positive note, SPX +18pts (0.4%) at 4700. Nasdaq comp' +0.8%. Dow +0.15%. The Transports settled +0.1%.

SPX - daily5

VIX - daily3

Summary

US equities opened a little choppy, but leaned upward with the SPX printing 4714... just 4pts shy of the Nov'5th historic high. 

Meanwhile...



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The late afternoon saw a little cooling, but that will made for moderate gains.

Volatility melted lower, the VIX settling -0.7% to 16.37.  


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

Goodnight from London
--


If you value my work on Blogger, Twitter, and would like more of the same, then subscribe to my intraday service! For details and the latest offers, see: https://www.tradingsunset.com