It was a bearish week for US equity indexes, with net weekly declines ranging from -3.7% (R2K), -3.2% (Nasdaq comp'), -2.5% (Trans), -1.5% (SPX), to -0.6% (Dow, NYSE comp').
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
All six US equity indexes were net lower for the week
The R2K was powerfully lower, whilst the Dow and NYSE comp' were resilient.
The Dow broke a new historic high.
All six US equity indexes are trading above their respective monthly 10MA, and have positive monthly momentum, as the m/t trend is bullish.
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Looking ahead
It will be the start of Q4 earnings season, beginning with the financial giant of JPM.
Earnings:
M - CMC, HELE, ACCD, JEF
T - TLRY, AYI, SNX, ACI, MSM, NEOG, AEHR, AZZ, WDFC, PSMT, ETWO, SGH
W - KBH
T - INFY
F - JPM, BAC, WFC, C, BLK, BK, UNH, DAL
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Econ-data/events
M - Consumer credit (3pm)
T - Intl' trade
W - Wholesale invent', EIA Pet'
T - CPI, Weekly jobs, US T-budget
F - PPI
*As Monday 15th is CLOSED, I'd expect the preceding Friday to see considerable chop on lower vol'.
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Have
a good weekend
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*the next post on this page will likely appear 4.20pm EST on Monday.
