It was a mixed week for US equity indexes, with net weekly changes ranging from +2.2% (Transports), +1.8% (Dow), +1.6% (NYSE comp'), +0.8% (SPX), to -2.1% (Nasdaq comp').
Lets take our regular look at five of the main US indexes.
For some perspective... monthly candle charts.
sp'500
Nasdaq comp'
Dow
NYSE comp'
Trans
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Summary
Four US equity indexes were net higher for the week, with one net lower.
The Transports saw very significant gains, whilst the Nasdaq was very significantly lower.
More broadly, all five indexes are comfortably trading about their respective monthly 10MA, and I thus see the m/t trend as bullish.
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| 5.48pm GMT, March 6th 2021 |
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Looking ahead
The schedule is light, with just a few key earnings and the latest CPI and PPI.
Earnings:
M - XPEV, SFIX, WISH
T - DKS
W - CPB, AMC, CLDR, ORCL, LC, FSM
T - JD, GOGO, DOCU, ULTA, WPM
F - NOG
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Econ-data/events
M - Wholesale invent'
T - NFIB small business
W - CPI, EIA Pet' report, US T-budget
T - Weekly jobs
F - PPI, consumer sentiment.
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Have
a good weekend
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*the next post on this page will likely appear 5pm EST on Monday.
