It was a bullish week for US equity indexes, with net weekly gains ranging from +3.0% (Trans), +1.7% (Nasdaq comp'), +1.2% (SPX, NYSE comp'), to +1.0% (Dow).
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
All five US equity indexes settled net higher for the week.
The Transports lead the way higher, whilst the Dow lagged.
The SPX, Nasdaq comp', Dow, and NYSE comp' broke new historic highs.
More broadly, all five indexes are trading above their respective monthly 10MA, and I thus see the m/t trend as bullish.
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Looking ahead
It will be a short four day trading week, but with a wheel barrow of earnings...
Earnings:
M - -
T - PLTR, CVS, ZTS, SEDG, RNG, OXY, A, EXAS, BYD, DVN
W - SHOP, ADI, GRMN, HLT, FSLY, TLRY, TWLO, BIDU, SPWR, MRO, STMP, ET, SNBR
T - WMT, GOLD, NEM, WM, APRN, HRL, MAR, ROKU, AMAT, TTD, DBX
F - DE, MGI, DTE
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Econ-data/events
M - CLOSED
T - Empire State manu'
W - Retail sales, PPI, indust' prod'. FOMC mins (2pm)
T - Weekly jobs, housing starts, import/export prices, phil' fed.
F - PMI manu, PMI serv', existing home sales, *OPEX*
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Have
a good weekend
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*the next post on this page will likely appear 5pm EST, Tuesday Feb'16th.
