It was a bullish week for US equity indexes, with net weekly gains ranging from +7.3% (Nasdaq comp'), +5.7% (SPX), +4.9% (Dow), +3.4% (NYSE comp'), +1.9% (Trans), to +1.7% (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
All six US equity indexes were net higher for the week.
The Nasdaq was very powerfully higher, whilst the two leaders - Trans & R2K, lagged.
More broadly, all six indexes have negative monthly momentum, and are trading under their respective monthly 10MA, as the market is m/t broken.
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Looking ahead
It will be a short four day trading week, with the market CLOSED for Good Friday.
Earnings:
M - $GS $MTB $APLD $FBK $PNFP $SKIL $KMTS $OTRK $HIT $BSEM
T - $BAC $C $PNC $JNJ $ACI $ERIC $RENT $UAL $IBKR $JBHT $HWC $FULT $EQBK $KORE $GAME $PPSI $OMC
W - $ASML $UBS $ABT $PGR $TRV $PLD $MOV $ALV $CFG $FHN $AA $CSX $KMI $OZK $SNV $GSBC $REXR $SFNC $SLG
T - $TSM $UNJ $AXP $HBAN $ALLY $RF $TCBI $DHI $HOFT $FITB $NFLX $MRTN $INDB
F - *CLOSED*
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Econ-data/events
M - -
T - Import prices, Empire State manu'
W - Retail sales, indust' prod', busi' invent, home builder conf'
T - Weekly jobs, housing starts, building permits, Phil' Fed manu'. *OPEX*
F - *CLOSED*
Thursday will be very skewed. With Friday closed, volume would normally be light. However, it will be OPEX, so expect considerable chop, on somewhat higher 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.
