It was a mixed week for US equity indexes, with net weekly changes ranging from -1.6% (R2K), -0.7% (Trans), -0.2% (Nasdaq comp'), +0.4% (SPX), +0.7% (NYSE comp'), to +0.8% (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
Three US equity indexes were net higher for the week, with three net lower.
The R2K lead the way down, whilst the Dow was most resilient.
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Looking ahead
A busy week is ahead, as earnings increasingly flood in.
Earnings:
M - SCHW
T - BAC, GS, LMT, JNJ, BK, ERIC, ACI, UAL, IBRK, JBHT
W - ASML, PG, MS, UBS, ALLY, ABT, ELV, NDAQ, TSLA, NFLX, LRCX, LVS, AA, DFS, STLD
T - T, AAL, TSM, BX, KEY, TFC, NOK, FCX, UNP, ISRG, WAL, OZK, CSX, WDFC, KNX
F - SLB, AXP, CMA, HBAN, RF,
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Econ-data/events
M - Empire state manu'
T - Retail sales, indust' prod', busin' invent'
W - Housing starts, building permits, EIA Pet', Fed Beige book (2pm)
T - Weekly jobs, Phil' Fed, existing home sales, *Powell, 12pm
F - *OPEX*
*As Friday is OPEX, I'd expect very dynamic chop, on very high vol'.
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For details >> https://www.tradingsunset.com
Have
a good weekend, if you deserve it.
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*the next post on this page will likely appear 4.20pm EST on Monday.
