It was a bearish week for US equity indexes, with net weekly declines ranging from -3.9% (R2K), -3.5% (Nasdaq comp'), -2.2% (SPX), -2.0% (Dow, NYSE comp'), to -1.8% (Transports).
Lets take our regular look at six of the main US indexes
sp'500
Nasdaq comp'
Dow
R2K
NYSE comp'
Trans
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Summary
All six US equity indexes settled net lower for the week.
The R2K lead the way lower, with the Transports most resilient.
The SPX and Nasdaq comp' broke new historic highs.
All six US equity indexes are still holding above their respective monthly 10MA, and I thus see the m/t trend as remaining bullish.
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Looking ahead
Earnings:
M - LI
T - JKS, BZUN, CRM, ZS, AMBA, HPE, BOX,
W - CRWD, SNOW, OKTA, SPLK, FIVE, VEEV, PVH
T - DG, SIG, KR, DOCU, MRVL, ULTA, SWBI
F - BIG
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Econ-data/events
M - Pending home sales
T - Case-Shiller HPI, Chicago PMI, consumer con'
W - ADP jobs, PMI/ISM manu', construction, EIA Pet', Fed Beige book (2pm)
T - Weekly jobs
F - Monthly jobs, PMI/ISM serv', factory orders
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Final note
We have just 24 trading days left of the year.
For charts, and whatever else I want to post about...
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.
