It was a very bearish week for US equity indexes, with net weekly declines ranging from -5.8% (Nasdaq comp'), -5.5% (R2K), -4.2% (SPX), -3.8% (Trans), -3.3% (NYSE comp'), to -2.9% (Dow).
Lets take our regular look at six of the main US indexes
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 lead the way down, whilst the Dow was somewhat resilient.
More broadly, five indexes have positive monthly momentum, and are trading above their respective monthly 10MA. The exception being the 'old leader' - Transports.
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Looking ahead
Earnings:
M - $ORCL $RBRK $LMNR $BSEM $CVGW $AVO $SKIL $MTRX $CDMO
T - $ASO $CGNT $CMA $BIOX $DLNG $GME $PLAY $WOOF $CTLP $MAMA $INNV $EPM
W - $DBI $VRA $TEN $OXM $LSAK
T - $BIG $SIG $KR $CAL $TKC $MYTE $LOVE $IPHA $ISPR $ADSE $ADBE $RH $FARM
F -
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Econ-data/events
M - Wholesale invent', consumer credit (3pm)
T - NFIB optim'
W - CPI, EIA Pet'
T - PPI, Weekly jobs, US T-budget
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.
