I see many endings

US equity indexes closed a little mixed, spx +5pts (0.2%) at 2788. Nasdaq comp' +0.3%. The two leaders - Trans/R2K, settled -0.04% and -0.3% respectively.

sp'daily5

VIX'daily3

Summary

US equities opened on a positive note, with the SPX pushing to 2799. The gains were shaky though, with cooling into midday. The afternoon saw some chop, with the closing hour leaning a little higher.

Volatility churned, with the VIX melting just a little lower, settling -3.3% at 17.30. S/t setup offers early Friday upside, but that sure won't negate what has been a pretty bearish month.


I see many endings laid before us. Some good. Most bad.



The original movie was something that traumatised many a child of the 1980s. This latest Netflix series looks pretty good. Mmmmmmmmmm.

The following AAPL chart should scare the hell out of the equity bulls...

That is one fiercely bearish engulfing candle. Technically, the downside target has to be $125, and I'd accept that could be deemed 'crazy talk'. Whilst Apple is not the be-all of the US equity market, it is a key component, and arguably reflective of the broader US/global consumer economy.
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Ray of light for the bulls

The UK from the ISS.

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Extra charts in AH (usually around 7pm EDT) @ https://twitter.com/permabear_uk

Goodnight from London
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Unable to hold key support

US equity indexes closed broadly lower, sp -19pts (0.7%) at 2783. Dow -0.9%. The two leaders - Trans/R2K, settled -0.8% and -0.9% respectively. The remaining two days of the month will offer increasing chop, leaning on the weaker side.

sp'daily5

VIX'daily3

Summary

US equities opened on a moderately weak note, and spiraled to significant declines into early afternoon, with the SPX unable to hold the 200dma. The afternoon saw considerable chop, with the SPX settling back above the 200dma. Whilst the mainstream touted the closing hour mini recovery, the bigger picture is increasingly ugly.

Volatility picked up, with the VIX settling +2.3% to 17.90. However, its notable the VIX is still far below the May 9th high of 23.38, back when the spx floored from 2836.

The s/t cyclical setup leans to the equity bulls (not least via a black VIX candle), but Thursday will inherently favour the bears. On balance, expect a lot of chop, leaning on the weaker side into end month.
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ISS crossing the western coast of South America

Not the best of summer days in the UK

Looking westward across Eastern Europe.

For a live feed, see 'Earth Views' @ NASA TV via Youtube 
LIVE ISS tracker/map @ https://www.n2yo.com/
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Extra charts in AH (usually around 7pm EDT) @ https://twitter.com/permabear_uk

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

 

Another day closer

US equity indexes closed on a broadly weak note, sp -23pts (0.8%) at 2802. Nasdaq comp' -0.4%. Dow -0.9%. The two leaders - Trans/R2K, settled -1.3% and -0.7% respectively. Near term outlook offers Wednesday chop, and then an 'interesting' Thursday.

sp'daily5

VIX'daily3

Summary

US equities began the short week on a moderately positive note, partly helped by most other world markets. The opening gains were shaky though, with most indexes turning fractionally lower, before renewed upside into the afternoon. The late afternoon saw things broadly unravel (lead by the Transports), settling -0.8% at sp'2802, as last Friday's black candle played out.

Volatility picked up, with the VIX settling +10.4% at 17.50. The s/t setup favours Wednesday chop, whilst Thursday will be prime time for the equity bears. The bigger issue is how the month will settle, and right now, 3 or 4 of the main 6 indexes that I regularly highlight, are on track for a bearish monthly settlement.


Another day closer

We're another day closer to the end of QT, and a rate cut, the latter of which will merit as a seriously bearish equity sell signal. More near term though, we're another day closer to the Trump aerial fleet's arrival to patrol the London skies...



*Jump to t+9mins. 
The US President is due for a state visit June 3-5th. June 6th will see Trump in France for D-day anniversary events.
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A fine place for an Osprey to land

--
Extra charts in AH (usually around 7pm EDT) @ https://twitter.com/permabear_uk

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