Weekend update - US equity indexes

It was a mixed week for US equity indexes, with net weekly changes ranging from -1.0% (NYSE comp'), -0.8% (SPX, Nasdaq comp'), -0.5% (Dow), to +0.2% (Transports).

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

sp'500

Nasdaq comp'

Dow

NYSE comp'

Trans

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Summary

Four US equity indexes settled net lower for the week, with one net higher.

The NYSE comp' lead the way lower, whilst the Transports was resilient.

The SPX, Dow, NYSE comp', and Transports broke new historic highs. 

All five indexes are trading above their respective monthly 10MA, and I thus see the m/t trend in all five as bullish.

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Looking ahead

The schedule is light, with just a handful of earnings of note, and a few pieces of key econ-data.

Earnings:

M - TME

T - GME, ADBE

W - WGO, GIS, RH, KBH, FUL, SCVL

T - MOMO, DRI

F -

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Econ-data/events

M - Existing home sales

T - Intl' trade, new home sales

W - Durable goods orders, PMI manu', PMI serv', EIA Pet'

T - Weekly jobs, GDP Q4 (print'3)

F - Pers' income/outlays, consumer sent'

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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.

Quadruple Witchy Chop

US equity indexes closed moderately mixed, SPX -2pts (0.1%) at 3916. Nasdaq comp' +0.8%. Dow -0.7%. The Transports settled +0.2%.

SPX - daily5

VIX - daily3

Summary

US equities opened choppy, but took a swing lower, with the SPX printing 3886. There was a significant recovery into the mid afternoon to 3930, with some moderate cooling into the weekend.

Volatility saw an early high of 23.17, but cooled back to settle -2.9% to 20.95.
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The last dusk of winter 2021

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

Goodnight from London
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We're living in a WandaVision economy

US equity indexes closed broadly lower, SPX -58pts (1.5%) at 3915. Nasdaq comp' -3.0%. Dow -0.5%. The Transports settled -0.1%.

SPX - daily5

VIX - daily3

Summary

US equities opened on a weak note, pressured via higher bond yields, with the SPX cooling to 3935, before recovering to 3969 in late morning.

Meanwhile...

We're living in a WandaVision economy...

 
Would anyone want to buy a picture of the moon? For the bargain price of $2500. I'll digitally sign it, and limit the issue to just 1000.
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The afternoon saw a very significant wave lower to 3910, settling on a somewhat ugly note at 3915, ahead of Friday OPEX.

Volatility picked up, the VIX settling +12.2% to 21.58.

–
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