Turnaround Tuesday

US equity indexes closed rather mixed, sp +5pts (0.2%) at 3257. Nasdaq comp'-0.8%. Dow +0.6%. The Transports settled +0.7%.

sp'daily5

VIX'daily3

Summary

US equities opened broadly higher, helped by news the EU bureaucrats had agreed on a €1trn package, although that is spread across SEVEN years. Considering the US and EU populations are rather similar, the EU package is pitiful, relative to the trio of US stimulus bills.

Nasdaq broke a new historic high, but did see an opening reversal, and despite a few rally attempts, tech was notably weak across the day.

Meanwhile...

The US President warning that a 'radical left' victory would see equity prices dive. Ironically, the same thing was argued by the mainstream in summer 2016 about a Trump victory.

The best of the USA... of humanity

The afternoon saw some distinct weakness, with even the SPX turning negative in the closing hour.

Volatility was mixed, the VIX printing 23.61, but settling +1.5% at 24.84.
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Bullish transports?

Even more golden than Gold ($1844s) itself

           A fine summer's evening

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

Goodnight from London
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For details and the latest offers, see: Permabeardoomster.com

Positive start

US equity indexes mostly closed broadly higher, sp +27pts (0.8%) at 3251. Nasdaq comp' +2.5%. Dow +0.03%. The Transports settled -1.6%.

sp'daily5

VIX'daily3

Summary

US equities began the week much as last Friday ended... chop mode.

Meanwhile...

The Quintanilla and the Liesman

The mainstream cheerleaders are naturally starting to get twitchy about the $600 per week of extra support, which is due to expire end month. Even if it does expire, its very possible another stimulus bill could be passed, if a somewhat lesser amount of 500/400.

The afternoon saw the market claw broadly upward, with the SPX breaking a new cycle high of 3258.

Volatility melted lower, the VIX settling -4.7% at 24.46.

Finally, your view...

One of the more bizarre polls I've run lately. The CEO of Print Central... a clear winner. 
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 A fine summer's evening

Still... a rare sight

One of many hundreds... of local Parakeets

Another sunset closer to the autumn

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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

Weekend update - US equity indexes

It was a bullish week for most US equity indexes, with net weekly changes ranging from +6.3% (Transport), +2.7% (NYSE comp'), +2.3% (Dow), +1.2% ($SPX), to -1.1% (Nasdaq comp').


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

The Transports lead the way higher, with the Nasdaq trailing.

The Nasdaq comp' broke a new historic high of 10824. but then reversed powerfully lower.

More broadly, the Dow and the Trans have joined the SPX and Nasdaq comp', as all four are trading above their respective monthly 10MA. That just leaves the NYSE comp'.
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8.51pm BST, London Parakeets flying home.

Looking ahead

A very busy week is ahead, not least with earnings.

Earnings:

M - IBM, HAL, CALM, AMTD, LOGI, STLD
T - UAL, KO, LMT, BIIB, TXN, SNAP, COF, TER, NAVI

W - TSLA, MSFT, CAJ, NDAQ, BKR, KEY, EVR, ARCH, CSX, LVS, CMG, ALGN, EFX, WHR, NTGR, MCRI

T - AAL, T, FCX, CTXS, UNP, KMB, BX, DOW, TRV, HSY, TWTR, STM, LUV, PHM, TECK, ALK, INTC, AUY, MAT, WWE

F - AXP, SLB, HON, VZ, BLMN
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Econ-data:

M -
T - Chicago Fed' Nat Act'. US govt' committee vote on Sheldon and Walker to the fed.
W - Existing home sales
T - Weekly jobs, leading indi'
F - PMI manu', new home sales
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Have a good weekend
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*the next post on this page will likely appear 5pm EDT on Monday.