It was a bearish week for most US equity indexes, with net weekly changes ranging from -2.7% (Dow), -1.1% (R2K), -0.9% (NYSE comp'), -0.7% (SPX), -0.1% (Trans), to +0.5% (Nasdaq comp'). Near term outlook is for renewed downside.
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
Five US equity indexes were net lower for the week, with one net higher.
The Dow lead the way down, whilst the Nasdaq was moderately higher.
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Looking ahead
A busy week is ahead...
Earnings:
M - BKR, LOGI
T - VZ, JNJ, LMT, HAL, TRV, GE, RTX, MMM, UNP, DHR, DHI, MSFT, TXN, COF, FFIV
W - BA, T, ABT, FCX, NEE, HES, ADP, USB TSLA, NOW, IBM, LRCX, STLD, LVS, CSX, STX
T - AAL, LUV, NOK, VLO, MA, BX, NUC, JBLU, NOC, ALK, INTC, V
F - CVX, AXP, HCA, CL
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Econ-data/events
M - Leading indicators
T - PMI manu', PMI serv'
W - EIA Pet' report
T - GDP Q4 (print'1), Weekly jobs, Intl' trade, Durable goods orders, new home sales
F - Pers' income/outlays, consumer sentiment, pending home sales
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| A fine winter's day |
Final note
More than anything, I'd remain focused on how the month settles. Bulls should be desperate for January to close >4K, whilst bears should be content with <3950 or so.
The weeks and months ahead, should offer some great trading/investment opportunities. Even for those on the sidelines, it should still make for great entertainment. The only issue is whether you have enough popcorn and drinks for the big show.
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Have
a good weekend
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*the next post on this page will likely appear 5pm EST on Monday.
