It was a bullish week for most US equity indexes, with net weekly changes ranging from +3.9% (Transports), +2.7% (Dow), +2.3% (NYSE comp'), +1.2% (SPX), to -1.5% (Nasdaq comp').
Lets take our regular look at five of the main US indexes (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 lead the way higher, with the Nasdaq lagging.
The SPX, Dow, NYSE comp', and Transports broke new historic highs.
All five US equity indexes are trading above their respective monthly 10MA, and I thus see the m/t trend as bullish.
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Looking ahead
A lighter week is ahead. The most important number will likely be CPI.
Earnings:
M - WKHS, TTD, COTY, BNTX, TSN, MAR, ENR, OXY, SPCE, NVAX, RBLX, WYNN, SPG
T - PLTR, JMIA, FUBO, U, LMND, UPST, SNDL, OPEN, EA, KGC
W - WIX, WEN, LITE, SONO
T - BABA, YETI, BILI, CELH, DIS, ABNB, BNGO, ACB, FTCH, DASH
F - FREE
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Econ-data/events
M -
T - JOLTS
W - CPI, US T-budget
T - Weekly jobs, PPI
F - Retail sales, import/export prices, indust' prod', consumer sent', Busi' invent'
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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.
