It was a bullish week for US equity indexes, with net weekly gains ranging from +4.6% (Nasdaq comp'), 2.4% (R2K), +1.9% (SPX), +0.8% (Dow, Trans), to +0.04% (NYSE comp').
Lets take our regular look at six of the main US indexes (monthly candle charts)
sp'500
Nasdaq comp'
Dow
R2K
NYSE comp'
Trans
–
Summary
All six US equity indexes were net higher for the week.
The Nasdaq lead the way up, with the NYSE comp' trailing.
More broadly, all six US equity indexes are trading under their respective monthly
10MA, and have increasingly negative momentum. By definition, all six
indexes are m/t bearish.
--
Looking ahead
A busy week is ahead, it will be the start of Q2 earnings season, although the highlight will be Wednesday's CPI data.
Earnings:
M - GBX, AZZ, ETWO
T - PEP, ANGO, AMX
W - DAL, FAST
T - JPM, MS, TSM, CAG, ERIC
F - WFC, C, BLK, PNC, USB, BK, UNH
-
Econ-data/events
M -
T - Small bus' index
W - CPI, Fed Beige Book (2pm), US T-Budget
T - PPI, Weekly jobs
F - Retail sales, import/export prices, Empire State manu', Indust' prod', consumer sent', Bus' invent.
-
Summer offers: https://www.tradingsunset.com
Have
a good weekend
--
*the next post on this page will likely appear 5pm EST on Monday.
