Saturday, 11 May 2024

Weekend update - US equity indexes

It was a bullish week for US equity indexes, with net weekly gains ranging from +2.2% (Dow), +2.0% (NYSE comp'), +1.8% (SPX), +1.6% (Trans), +1.2% (R2K), to +1.1% (Nasdaq 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

Summary

All six US equity indexes were net higher for the week.

The Dow lead the way up, whilst the Nasdaq comp' lagged.

More broadly, all six US equity indexes are trading above their respective monthly 10MA. Five indexes have positive monthly momentum, the exception being the Transports.

Looking ahead

Earnings:

M - $LEGN $TME $HUYA $STNE $WULF $PBR $PSFE $QUIK $VXRT $AGYS $INO $GROY $BIOX

T - $BABA $HD $SE $OCGN $SONY $LUNR $MNSO $OGI $BKKT $HBM $NU $NXT $OTRK $DFLI $DHT $ARQT $GOEV $RUM $PBH $TSHA

W - $MNDY $DT $HUT $DOLE $SHIP $CSCO $GRAB $CPA $NOTV $MAXN $IREN $KORE $FLNT $SLE $ZTO

T - $WMT $BIDU $JD $DE $LSPD $UAA $GSL $WMS $GOOS $AMAT $TTWO $DOCS $CPTR $DESP $DXC $AGRO $GLOB $ECO $FLO

F - $RBC $CAN $BRKR $HTHT

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Econ-data/events

M -

T - PPI, Powell (10am)

W - CPI, retail sales, Empire state manu', EIA Pet'

T - Weekly jobs, Phil Fed' manu, housing starts, building permits, import/export prices, indust' prod'

F - Leading indi', *OPEX*

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Have a good weekend... if you deserve it.
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*the next post on this page will likely appear 4.20pm EDT on Monday.