Saturday, 7 June 2025

Weekend update - US equity indexes

It was a bullish week for US equity indexes, with net weekly gains ranging from +3.3% (R2K), +2.2% (Nasdaq comp'), +1.5% (SPX), +1.3% (NYSE comp', Trans), to +1.2% (Dow).

Lets take our regular look at six of the main US indexes (monthly candle charts)

sp'500

Nasdaq comp'

Dow

R2K

NYSE comp'

Trans

Summary

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

The R2K lead the way up, whilst the Dow lagged.

The SPX, Nasdaq, and NYSE are above their respective monthly 10MA. 

All six US equity indexes have negative monthly momentum.

Looking ahead

Earnings:

M - $GHM $MPAA $CASY $CVGW $AII $LAKE $LMNR $SKIL $CMTL

T - $ASO $UNFI $DBI $SJM $CNM $GME $GTLD $PLAY $SFIX $PETS

W - $CHWY $VSCO $VRA $SAIL $JILL $ORCL $OXM

T - $LOVE $ESTA $HOFT $CRMT $ADBE $RH

F - $MNY

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Econ-data/events

M - Wholesale invent'

T - NFIB optimism index

W - CPI, EIA Pet', US T-budget (2pm)

T - PPI, Weekly jobs

F - Consumer sent'

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

Friday, 6 June 2025

Positivity into the weekend

US equity indexes closed significantly higher, SPX +61pts (1.0%) at 6000. Nasdaq comp' +1.2%. Dow +1.0%. The Transports settled +1.6%. R2K +1.7%

SPX - daily

VIX - daily

Summary

US equities opened broadly higher, with the SPX pushing upward to a new cycle high of 6016. There was some cooling to 5978, and settling at 6000.  Volatility was ground lower into the weekend, the VIX settling -9.2% to 16.77.
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           Bullish trees


15c/59f... still awaiting summer heat


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

Goodnight from London
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Thursday, 5 June 2025

Elon verses Trump

US equity indexes closed on a weak note, SPX -31pts (0.5%) at 5939. Nasdaq comp' -0.8%. Dow -0.25%. The Transports settled -0.4%. R2K -0.02%

SPX - daily

VIX - daily

Summary

US equities opened broadly flat, but the SPX still clawed upward to print a new cycle high of 5999. Things turned interesting in the early afternoon...


Equities took a swing lower... and Elon really upset the market cart with...


The SPX printed 5921, and settling at 5939. Volatility was mixed, the VIX printing a new cycle low of 17.08, spiking to 18.80, and settling +4.9% to 18.48. 


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

Goodnight from London
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