It was a bullish week for US equity indexes, with net weekly gains ranging from +3.9% (Nasdaq comp'), +2.5% (R2K), +2.4% (SPX), +1.6% (Trans), to +1.3% (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 higher for the week.
The Nasdaq lead the way up, whilst the Dow & NYSE lagged.
The Nasdaq broke a new historic high.
Five indexes are trading above their respective monthly 10MA, the exception being the Transports
The SPX, Nasdaq, and NYSE have positive monthly momentum, whilst the Dow, R2K, and Trans are negative.
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Looking ahead
Mr Market will be focused on the latest inflation data, as some are vainly hoping for a Sept'17th rate cut. If CPI ticks upward... even just by one tenth, that would arguably be enough for market upset.
Earnings:
M - $MNDY $B $VFF $FNV $LINC $WW $EE $LEGN $FSTR $DEC $AMC $BBAI $OKLO $ASTS $ACHR $MVST $PNNT $PLUG $GPRO $PFLT
T - $CRCL $SE $PONY $KOPN $LQDA $ONON $AUTL $CAH $PSFE $IHS $CRWV $RGTI $CAVA $GRAL $ZVRA $REKR $HRB $NVGS $DDI $ATEX
W - $ARCO $EAT $INVZ $ESLT $SPRY $MRX $EXK $SSYS $AMS $CATX $CSCO $EQX $ASM $DLO $RRGB $SURG $EVLA $ALVO $SARO $AEMO
T - $AG $JD $DE $AMCR $CAN $NICE $AAP $BIRK $WB $XXII $AMAT $NU $KULR $TMC $SNDK $GAMB $GLOB $PPSI $DARE $STRT
F - $FLO $FUFU $VNRX
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Econ-data/events
M -
T - CPI, NFIB optimism, US T-budget (2pm)
W - EIA Pet'
T - PPI, weekly jobs
F - Retail sales, Empire state manu', import prices, indust' prod', business invent', consumer sent' *OPEX*
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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.
