It was a bullish week for US equity indexes, with net weekly gains ranging from +2.8% (Nasdaq comp'), +1.8% (Trans), +1.1% (Dow, NYSE comp'), to +1.0% (SPX).
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 were significantly net higher for the week.
The Nasdaq comp' lead the way higher, with the SPX lagging.
The SPX, Nasdaq comp', and Dow 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.
Looking ahead
A very busy week is ahead, with a monster truckload of earnings, and more nonsense talk from the CEO of Print Central.
Earnings:
M - LMT, HAS, TSLA, LOGI
T - UPS, GE, MMM, RTX, JBLU, WM, SIRI, AAPL, AMD, MSFT, GOOGL, V, TDOC, SBUX
W - BA, SHOP, PFE, TLRY, MCD, SPOT, BMY, TEVA, TMO, GNRC, FB, F, PYPL, QCOM, NOW, LRCX, SAVE
T - MA, MT, OSTK, MO, VLO, AZN, MRK, PGE, AMZN, PINS, X, TWLO, SKWS, GILD
F - XOM, CVX, CAT, PG, ABBV
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Econ-data/events
M - New home sales
T - Durable goods orders, Case-Shiller HPI, consumer con'
W - Intl' trade, EIA Pet'
*FOMC announcement 2pm, Press conf' 2.30pm. The fed can be expected to begin alluding to QE taper.
T - Weekly jobs, Q2 GDP (print'1), pending home sales
F - Pers' income/outlays, Chicago PMI, consumer sent'.
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Final note
Suffice to add, with three new index historic highs, the crash calling lunatics would do well to crawl back into their basements... at least until Labor day is out of the way.
For more charts, and whatever else I want to post about - outside the control of the corrupt mainstream media hacks, you
know where to find me in... the twilight zone.
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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.
