It was a bullish week for US equity indexes, with net weekly gains ranging from +1.3% (Dow), +1.1% (NYSE comp', Trans), +1.0% (SPX), +0.9% (Nasdaq comp'), to +0.5% (R2K). Near term outlook offers some cooling into early December.
Lets take our regular look at six of the main US indexes
sp'500
Nasdaq comp'
Dow
R2K
NYSE comp'
Trans
–
Summary
All six US equity indexes settled net higher for the week.
The Dow lead the way up, whilst the R2K lagged.
Weekly momentum is positive for the SPX, Nas', Dow, NYSE comp'.
–
Looking ahead
A distinctly busier week is ahead...
Earnings
M - ZS, SDRL
T - PDD, CRWD, WDAY, INTU, SPLK, HPE, NTAP, AZEK, AZEK, LESL
W - FL, DLTR, FTCH, NAT, WOOF, HRL, BILI, SNOW, CRM, OKTA, SNPS, PSTG, FIVE, VSCO, PVH, NTNX, LZB
T - KR, TD, ASO, BIG, BBW, TITN, CBRL, FRO, DOOO, MRVL, ULTA, PATH, DELL, AMBA, IOT, PD, DOMO, ESTC
F - BMO
-
Econ-data/events
M - New home sales
T - Case-Shiller HPI, consumer con',
W - Q3 GDP (print'2), Intl' trade, EIA Pet', Fed beige book (2pm)
T - Weekly jobs, Pers' income/outlays, PCE, pending home sales.
F - ISM manu', construction, Powell (11am)
*as Thursday is end month, I would expect more dynamic price action on higher vol'.
-
If you value my work on Blogger, Twitter, and want more of the
same, subscribe to my intraday service! For details and the latest
offers, see: https://www.tradingsunset.com
Have
a good weekend
--
*the next post on this page will likely appear 4.20pm EST on Monday.
