It was a bearish week for US equity indexes, with net weekly declines ranging from -3.4% (Nasdaq comp'), -2.7% (SPX, Trans), -2.0% (R2K), -1.4% (NYSE comp'), to -0.9% (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
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Summary
All six US equity indexes were net lower for the week
The SPX, Dow, and NYSE comp' are trading above their respective 10MA.
The R2K and Transports have positive monthly momentum... if weakening.
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Looking ahead
Earnings:
M - $CEG $MNDY $SBET $VRTS $NRG $B $CGEN $IONS $ROIV $RDNT $RKLB $ASTS $TTWO $ZETA $BW $MARA $HIMS $PLUG $OXY
T - $ONON $QBTS $LQDA $SE $WYFI $AMBQ $BTDR $SBH $TLSI $SRRK $CRWV $RGTI $NLST $GO $INO $FLY $FAC $GEVO $LAND $SPIR
W - $RUM $INVZ $RSKD $SGML $RDCM $PYPD $UCL $VLN $ODD $NYAX $OR $FNV $AVEX $ECO $EZPW $CTVA $ITRG $PLGO $TNK $STRR
T - $NBIS $TE $FPS $ONDS $FRMI $LUNR $NIQ $HBM $ENVX $ALT $NU $CBRS $WSE $CSCO $AMAT $ANDG $CTSO $DFLI $HTFL $GEMI
F - $PAVM $SBC $RMIX $MIST $NDLS $ECC $EIC $BRAG
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Econ-data/events:
M - Wholesale trade
T - CPI
W - EIA Pet'
T - Weekly jobs, existing home sales, US T-budget
F - PPI
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| The occupied capital of the failed state of the UK |
Final note
Having called for weakness into the midterms, now its merely a case of whether I'm also right about net upside into mid January. I'll leave it at that.
Have a good weekend... if you deserve it.
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*the next post on this page will likely appear 4.20pm EST on Monday.
