It was a bullish week for US equity indexes, with net weekly gains ranging from +3.8% (Transports), +2.2% (Nasdaq comp'), +2.1% (NYSE comp'), +1.8% (SPX), to +1.6% (Dow, R2K).
Lets take our regular look at six of the main US indexes
sp'500
Nasdaq comp'
Dow
NYSE comp'
R2K
Trans
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Summary
All six US equity indexes saw net weekly gains.
The Transports lead the way upward, with the Dow and R2K lagging.
More broadly, all six US equity indexes are holding above their respective monthly 10MA, and I thus see the m/t trend as bullish.
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Looking ahead
A busy week is ahead, with a truck load of earnings.
Earnings:
M - PHG, STLD
T - JNJ, HAL, PG, PM, BK, NFLX, UAL, IBKR
W - VZ, WGO, ABT, ANTM, BIIB, TSLA, LRCX, LVS, IBM, KMI, CSX
T - T, NUC, AAL, FCX, CROX, LUV, ALLY, VLO, SNAP, INTC, CMG, MAT
F - CLF, AXP, SLB, STX, HON
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Econ-data/events
M - Indust' prod'
T - Housing starts
W - EIA Pet', Fed Beige book
T - Weekly jobs, Phil' fed, existing home sales, leading indi'
F - PMI manu', PMI serv'
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For details and the latest
offers, see: https://www.tradingsunset.com
Have
a good weekend
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*the next post on this page will likely appear 5pm EST on Monday.
