It was a bullish week for US equity indexes, with net weekly gains ranging from +5.0% (R2K), 3.7% (Transports), +3.5% (NYSE comp'), +3.3% (SPX), +3.1% (Nasdaq comp'), to +2.9% (Dow).
Lets take our regular look at six of the main US indexes (weekly candle charts)
sp'500
Nasdaq comp'
Dow
R2K
NYSE comp'
Trans
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Summary
All six US equity indexes were net higher for the week.
The R2K lead the way upward, with the Dow lagging.
More broadly, the SPX, Nasdaq, Dow, and NYSE comp', are holding under their respective monthly 10MA. The R2K and Transports are trading above, although monthly momentum remains negative in all six indexes.
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Looking ahead
Earnings:
M - TME
T - WMT, HD, SE, LITE
W - TGT, LOW, TJX, ADI, DNUT, CSCO, SQM, KEYS
T - KSS, BJ, CSIQ, TPR, EL, AMAT, RSS
F - DE, FL, BKE
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Econ-data/events
M - Empire state manu', home builders index
T - Building permits, housing starts, indust' prod'
W - Retail sales, business invent', EIA Pet', FOMC mins (2pm)
T - Weekly jobs, Phil' Fed, Existing home sales, leading indi'
F - *OPEX*
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For details: 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.
