It was a mixed week for US equity indexes, with net weekly changes ranging from -1.2% (Dow), -1.1% (NYSE comp'), -0.8% (SPX), -0.4% (R2K), +0.1% (Nasdaq comp'), to +0.7% (Trans).
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 for the week, with two net higher.
The Dow was significantly lower, whilst the Transports was moderately higher.
More broadly, five indexes are holding above their respective monthly 10MA, the exception being the R2K.
All six indexes still have negative monthly momentum.
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Looking ahead
A busy week is ahead, with the highlight being the latest inflation data.
Earnings:
M - TSN, BNTX, SIX, DISH, KKR, PYPL, PLTR, DVN, LCID, SKWS, WDC
T - NVAX, COTY, UAA, FSR, NKLA, ABNB, RIVN, OXY, TWLO, AFRM, UPST, WYNN, BROS, CELH, LAZR
W - RBLX, LI, WEN, TEVA, BXSL, DIS, TTD, U, BYND, HOOD
T - JD, FVRR, DNUT, YETI, TPR
F -
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Econ-data/events
M - Wholesale invent'
T - NFIB optimism index
W - CPI
T - PPI, weekly jobs
F - import prices, consumer sent'
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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.
