The last of 12326

February 22^nd 2012.....

First post...

https://permabeardoomster.blogspot.com/2012/02/can-anyone-fly-plane.html

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This post will be the last under the online moniker of 'Permabear Doomster'.

The name was always overly quirky, and directional in nature, even though I really wasn't particularly that way, especially from summer 2013 onward, back when the SPX decisively broke above the 2000/2007 double top of the 1500s.

Since then, I've endeavoured to offer as balanced a view and outlook as possible. Understandably, some of you have found it difficult to deal with someone called 'PD', whilst also touting a m/t bullish outlook.

Its September 5th, 2020, and its time for a name change.

Three new sites...

Subscriber site: https://www.subscriber.tradingsunset.com/

Home page: https://www.tradingsunset.com

New public blogger page: https://tradingsunset.blogspot.com/

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Minor notes...

The 'Permabear Doomster' blog/site will be left up forever, or as long as Alphabet/Google, maintain the servers.

The secondary pages of 'Fair value stocks', 'Buygoldsilverusa', and 'MARCON' will remain active, at least for the moment.

As I'm using the same Blogger account for 'Trading Sunset', as I did for 'Permabear Doomster', the original 'author' for 'Permabear Doomster' posts, will now appear as 'Trading Sunset'.

I will be using Disqus on all three new sites.
–

After a little over eight and a half years, and 12,326 posts (including this one), its time to retire a name.

This is the Permabear Doomster.... signing out.

Into the long weekend

US equity indexes mostly closed on a weak note, sp -28pts (0.8%) at 3426. Nasdaq comp' -1.3%. Dow -0.6%. The Transports settled +0.5%.

sp'daily5

VIX'daily3

Summary

The day began with the US President appearing in pre-market...

US equities opened moderately positive, but the gains were shaky from the start. The Nasdaq quickly spiraled, and the rest of the market duly followed.

This morning's messy open no doubt annoyed the maximum number of Robinhood and Wallstreetbets lunatics who are still resolutely 'buying the dip'. Mr Market managed to not only suck in the more careless, but then to washout even the more resilient bulls.

For those using margin, it was not the best of days...

"Everything burns" - The Dark Knight (2008)

The afternoon saw choppy upside from a low of 3349 to 3455, and settling -28pts (0.8%) to 3426. Volatility printed a new cycle high of 38.28, cooling back to settle -8.5% to 30.75.
--

Summer continues to fade

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

Goodnight from London
--
If you value my work, subscribe to my intraday service. 
For details and the latest offers, see: Permabeardoomster.com

Thursday troubled skies

US equity indexes closed powerfully lower, sp -125pts (3.5%) at 3455. Nasdaq comp' -5.0%. Dow -2.8%. The Transports settled -2.5%.

sp'daily5

VIX'daily3

Summary

US equities opened on a weak note, despite better than expected jobs data.

The Nasdaq lead the way lower, spiraling into the morning, and pulling the rest of the market powerfully lower, including the more resilient Dow and Transports.

The US President was unquestionably rattled, blaming poll data for the equity swing lower...

Ironically, (from last night)...

.. and that tweet sure didn't age so well.

The late morning saw a bounce, but that was fully reversed, not helped by Fed official Evans, touting further QE.

The afternoon saw considerable chop, breaking a new low of 3427, with a choppy bounce into the close.

Volatility picked up, with the VIX printing 35.94, and settling +26.5% to 33.60.
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Appropriately troubled skies, as summer is fading fast.

Bullish SpaceX and Starlink

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

Goodnight from London
--
If you value my work, subscribe to my intraday service. 
For details and the latest offers, see: Permabeardoomster.com

Ascending to new highs

US equity indexes closed significantly higher, sp +53pts (1.5%) at 3580. Nasdaq comp' +1.0%. Dow +1.6%. The Transports settled +1.2%.

sp'daily5

VIX'daily3

Summary

US equities opened on a positive note, with the SPX and Nasdaq comp' breaking new historic highs. VIX held up though, and it was a subtle early warning of a mini washout... not least within some of the key tech leaders like AAPL and TSLA.

Meanwhile...

David Blaine's latest stunt...

After the morning mini washout, the afternoon saw the market claw back upward, with the usual two - SPX & COMPQ, breaking new hist' highs in the closing hour. There is simply zero sign of a s/t ceiling/turn.

Volatility notably held up, with the VIX settling +1.7% to 26.57.
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"Yes, well, I am the nice one". - Supreme Being, Time Bandits (1981)

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

Goodnight from London
--
If you value my work, subscribe to my intraday service. 
For details and the latest offers, see: Permabeardoomster.com

Bullish start to September

US equity indexes closed broadly higher, sp +26pts (0.7%) at 3526. Nasdaq comp' +1.4%. Dow +0.8%. The Transports settled +1.2%.

sp'daily5

VIX'daily3

Summary

September and the final third of 2020 began on a bullish note, with the SPX and Nasdaq comp' breaking new historic highs. Zero sign of a s/t ceiling/turn, with a broad series of higher highs and higher lows. Volatility was in cooling mode, settling in the 26s.


Stock of the day: Zoom (ZM), 5min

Earnings were better than expected, with Zoom literally zooming to the proverbial moon, with an intra high of $478.00, and settling in the $457s. Overall price action was impressive, with the stock largely consolidating after the early high.
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Another sunset closer to the autumn

100%

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

Goodnight from London
--
If you value my work, subscribe to my intraday service. 
For details and the latest offers, see: Permabeardoomster.com

Two thirds

US equity indexes closed rather mixed, sp -8pts (0.2%) at 3499. Nasdaq comp' +0.7%. Dow -0.8%. The Transports settled -1.2%.

sp'daily5

VIX'daily3

Summary

The last day of August was comprised of just minor chop. The Dow was a laggard, whilst the Nasdaq continues to lead. The SPX and Nasdaq comp' both broke new historic highs. VIX notably picked up.


Two thirds

With August having settled... two thirds of 2020 has elapsed. For most... that could be seen as a positive. After all, 2021 will be better, right? Next year couldn't possibly be worse... right? The truth is that 2021 could make 2020 seem like one giant Disneyland party.

The same basement dwelling unwashed sheep chasing AAPL and TSLA on the stock splits, are perhaps the same collective who will be first in line for their (no longitudinal studies) vaccines. Good luck with that.

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

Goodnight from London
--
If you value my work, subscribe to my intraday service. 
For details and the latest offers, see: Permabeardoomster.com

Weekend update - US equity indexes

It was a bullish week for US equity indexes, with net weekly gains ranging from +3.5% (Trans), +3.4% (Nasdaq comp'), +3.3% (SPX), +2.8% (NYSE comp'), to +2.6% (Dow).


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

sp'500

The ninth weekly gain of eleven, breaking a new historic high of 3509, and settling +110pts (3.3%) to 3508. Absolutely zero sign of a short/mid term top. Momentum has now decisively surpassed the February high. First major supports are within the upper/mid 3200s.


Nasdaq comp'

A fifth consecutive net weekly gain, breaking a new historic high of 11730, settling +383pts (3.4%) to 11695. I would note this week's settlement, which is above the upper weekly bollinger, for the first time since early January.


Dow

The mighty Dow climbed for the third week of four, settling +723pts (2.6%) to 28653. The index lagged the broader market, primarily due to natural selling of components PFE, RTX, and XOM, set to get the kick - as of Monday August 31st, to be replaced by AMGN, CRM, and HON.


NYSE comp'

The master index climbed for the ninth week of eleven, settling +361pts (2.8%) to 13170.


Trans

Higher for the seventh week of nine, settling +381pts (3.5%) to 11322. I would note the Jan'2020 high of 11359, and the Aug'2018 historic high of 11623.
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Summary

All five US equity indexes settled net higher for the week.

The SPX and Nasdaq comp' broke new historic highs.

More broadly, all fives indexes are currently trading above their respective monthly 10MA, as the m/t trend is bullish.
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Looking ahead

A relatively light week is ahead.

Earnings:

M - CTLT, ZM
T - HOME, SCVL
W - M, CRWD, CLDR, ZUO, FIVE
T - CPB, MOMO, SIG, DOCU, AVGO, SWBI,
F -
-

Econ-data:

M -
T - PMI/ISM manu', construction, vehicle sales
W - ADP jobs, factory orders, EIA Pet' report, Fed Beige book (2pm)
T - Weekly jobs, Productivity/costs
F - Monthly jobs
-
*as Monday is end month, expect considerably higher volume.

**As Friday is ahead of the Labor day break, expect subdued trading conditions, once the jobs data is out of the way. 
--

If you value my work on Blogger and Twitter, subscribe to my intraday service.
For details/latest offers, see: Permabeardoomster.com

Have a good weekend
--
*the next post on this page will likely appear 5pm EDT on Monday.

Weekend update - US equity indexes

It was a bullish week for US equities, with the SPX settling +21pts (0.6%) to 3372.

sp'500

The seventh net weekly gain of nine, breaking a new cycle high of 3387, and settling +21pts (0.6%) to 3372. There is zero sign of a short/mid term ceiling/turn.
–


Looking ahead

A relatively light week is ahead.

Earnings:

M - JD
T - WMT, HD, SE, KSS,CREE
W - LOW, TGT TJX, ADI, NVDA, LB
T - BABA, BJ, EL, ROST, KEYS
F - DE, FL BZUN
-

Econ-data:

M - Empire state manu'
T - Housing starts
W - EIA Pet' report, FOMC mins (2pm)
T - Weekly jobs, Phil' fed, leading indi'
F - PMI manu/serv' flash, existing home sales. *OPEX*
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Intraday service, details/latest offers, see: Permabeardoomster.com

Have a good weekend
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*the next post.... nothing scheduled.

August evening

An August evening, in the London metropolis...

An aerial transport of the CCP

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yours... preparing for the autumn/winter.

Weekend update - US equity indexes

It was a bullish week for US equity indexes, with net weekly gains ranging from +5.8% (Transports), +3.8% (Dow), +2.5% (Nasdaq comp'), to +2.4% (SPX, NYSE comp').

Lets take our regular look at five of the main US indexes (monthly candle charts, for some perspective).

sp'500

Nasdaq comp'

Dow

NYSE comp'

Trans

–
Summary

All five of the US equity indexes settled net higher for the week.

The Transports lead the way higher, with the SPX and NYSE comp' a little laggy.

The Nasdaq comp' broke a new historic high.

All five indexes are currently trading above their respective monthly 10MA, with the m/t trend outright bullish.
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Looking ahead

A somewhat lighter week is ahead, at least in terms of scheduled earnings/data. I would especially note earnings for Barrick Gold (early Mon'), and Wheaton Precious Metals (late Wed'), both of which should be good, with extremely positive outlooks.

Earnings:

M - CGC, WKHS, GOLD, RCL, MAR, ON, NVAX, TLRY, SPG, OXY, TME, ZI
T - NIO, HUYA, SYY, LITE, TTOO, LRN, RRGB
W - JMIA, ALT, EAT, CSCO, SDC, LYFT, WPM
T - TPR, AMAT, PRPL, BIDU, IQ
F - DKNG
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Econ-data:

M - JOLTS
T - PPI
W - CPI, EIA Pet', US T-budget
T - Weekly jobs, import/export prices
F - Retail sales, Productivity/costs, consumer sent', busi' invent'.
-
If you value my work on Blogger and Twitter, subscribe to my intraday service.
For details/latest offers, see: Permabeardoomster.com
 

Have a good weekend
--
*the next post on this page will likely appear 5pm EDT on Monday.