It was a mixed week for US equity indexes, with net weekly changes ranging from +2.4% (Nasdaq comp'), +1.3% (SPX), +0.3% (Dow), -0.5% (NYSE comp'), -1.4% (Trans), to -2.2% (R2K).
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
Three US equity indexes were net higher for the week, with three net lower.
The Nasdaq comp' lead the way up, whilst the R2K was very significantly lower.
The SPX and Nasdaq comp' broke new historic highs.
More broadly, five US equity indexes are trading above their respective monthly 10MA, and have positive monthly momentum. The exception is the 'old leader' - Transports.
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Looking ahead
Mr Market will be focused on the latest inflation data, with the monetary maniacs meeting on Tues'-Wed'.
Earnings:
M - $FCEL $YEXT $SKIL $CVGW
T - $ASO $MPAA $LILM $ORCL $CASY $PETS $RBRK $VTGN $MAMA
W - $AFMD $VRA $AVGO $PLAY $CURV $OXM
T - $SIG $LOVE $KFY $WLY $ADBE $RH $POWW $HITI $ITI $RFIL
F - -
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Econ-data/events
M -
T - NFIB Optimism index
W - CPI, EIA Pet', US T-budget,
*FOMC announcement (2pm), Press conf' 2.30pm. No change in rates can be expected.
T - PPI, weekly jobs
F - Import prices, consumer sent'
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Have
a good weekend
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*the next post on this page will likely appear 4.20pm EDT on Monday.
