It was a bullish week for US equity indexes, with net weekly gains ranging from +8.3% (Trans), +8.2% (Nasdaq comp'), +6.2% (SPX), +5.5% (Dow), to +5.4% (NYSE comp', R2K).
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 higher for the week.
The Transports and Nasdaq comp' lead the way higher.
More broadly, the five US equity indexes are still trading below their respective monthly 10MA, the exception is the Transports.
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Looking ahead
The schedule is pretty light, and that will give the market time to focus on geo-political issues, and the grander problem of the broken global supply chain and associated rising inflation.
Earnings:
M - PDD, NKE, TME
T - CCL, BZFD, ADBE
W - WGO, GIS, TCEHY, KBH, FSM
T - DRI, NIO
F -
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Econ-data/events
M - Chicago Fed' Nat' acti' index
T - -
W - New home sales, EIA Pet'
T - Weekly jobs, Durable goods, PMI manu', PMI serv'
F - Consumer sent', pending home sales
*UK/European clocks move forward Sunday 27th March.
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| The sun sets on winter 2021/22 |
Final note
For more of the same... you know where to find me.
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.
