It was a mixed week for US equity indexes, with net weekly changes ranging from -3.3% (Trans), -2.5% (R2K), -1.1% (Nasdaq comp'), -0.1% (SPX), +0.03% (NYSE comp'), +0.6% (Dow).
Lets take our regular look at six of the main US indexes (monthly candle charts).
sp'500
Nasdaq comp'
Dow
R2K
NYSE comp'
Trans
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Summary
Four US equity indexes were net lower, with two net higher.
The two leaders - Trans and R2K, lead the way down, whilst the Dow was most resilient.
More broadly, the SPX, Nasdaq comp', Dow, and NYSE comp', are above their respective monthly 10MA. The two exceptions being the Trans & R2K. All six indexes still have negative monthly price momentum.
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Looking ahead
It will be the start of Q1 earnings season. However, the highlight of the week will likely be the CPI and PPI data.
Earnings:
M - GBX, TLRY
W - APOG
T - DAL, FAST, INFY
F - JPM, C, WFC, PNC, BLK, UNH
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Econ-data/events
M - Wholesale invent'
T -
W - CPI, EIA Pet' report, US T-budget (2pm)
T - PPI, Weekly jobs
F - Retail sales, import/export prices, indust' prod', busi' invent', consumer sent'
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Have a good Easter break... if you deserve it.
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*the next post on this page will likely appear 5pm EST on Monday.
