It was a mixed week for US equity indexes, with net weekly changes ranging from -1.0% (NYSE comp'), -0.8% (SPX, Nasdaq comp'), -0.5% (Dow), to +0.2% (Transports).
Lets take our regular look at five of the main US indexes
sp'500
Nasdaq comp'
Dow
NYSE comp'
Trans
–
Summary
Four US equity indexes settled net lower for the week, with one net higher.
The NYSE comp' lead the way lower, whilst the Transports was resilient.
The SPX, Dow, NYSE comp', and Transports broke new historic highs.
All five indexes are trading above their respective monthly 10MA, and I thus see the m/t trend in all five as bullish.
–
Looking ahead
The schedule is light, with just a handful of earnings of note, and a few pieces of key econ-data.
Earnings:
M - TME
T - GME, ADBE
W - WGO, GIS, RH, KBH, FUL, SCVL
T - MOMO, DRI
F -
-
Econ-data/events
M - Existing home sales
T - Intl' trade, new home sales
W - Durable goods orders, PMI manu', PMI serv', EIA Pet'
T - Weekly jobs, GDP Q4 (print'3)
F - Pers' income/outlays, consumer sent'
-
If you value my work on Blogger, Twitter, and want more of the
same, subscribe to my intraday service! For details and the latest
offers, see: https://www.tradingsunset.com
Have a good weekend
--
*the next post on this page will likely appear 5pm EST on Monday.
