It was a bullish week for US equity indexes, with net weekly gains ranging from +3.1% (Nasdaq comp'), +2.7% (SPX), +1.9% (Dow), +1.3% (NYSE comp'), to +1.1% (Transports).
Lets take our regular look at five of the main US indexes (monthly candle charts).
sp'500
Nasdaq comp'
Dow
NYSE comp'
Trans
–
Summary
All five US equity indexes settled net higher for the week.
The Nasdaq comp' lead the way higher, whilst the Transports lagged.
The SPX, Dow, NYSE comp', and Transports broke new historic highs.
More broadly, all five indexes are sustainably above their respective monthly 10MA, and I thus see the m/t trend in all five as bullish.
–
Looking ahead
It will be the formal start of Q1 earnings season, beginning with the financials on Wednesday.
Earnings:
M - APHA
T - FAST
W - JPM, GS, WFC, BBBY
T - BAC, C, USB, SCHW, TSM, RAD, DAL, UNH, PEP, AA, JBHT,
F - MS, ALLY, BK, PNC, KSU
-
Econ-data/events
M - US T-budget
T - CPI
W - Import/export prices, EIA Pet', Fed Beige book
T - Weekly jobs, retail sales, phil' fed, empire state, indust' prod', busi' invent, NHBI
F - Housing starts, consumer sent', *OPEX*
-
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.
