It was a net bullish week for US equity indexes, with net weekly changes ranging from +1.1% (Nasdaq comp' & R2K), +0.3% (SPX), -0.1% (NYSE comp'), -0.3% (Dow), to -1.1% (Transports).
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.
Nasdaq and the R2K were sig' higher, whilst the Trans was sig' lower.
The SPX, Nasdaq, Dow, and NYSE comp' broke new historic highs.
More broadly, all six indexes are trading above their respective monthly 10MA. Five indexes have positive monthly momentum, the exception being the Transports.
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Looking ahead
Earnings:
M - $PL $CASY $ABVX $AVO $MAMA
T - $SAIL $MOMO $FCEL $CNM $DBI $KFY $CGNT $SI $BIOX $ORCL $GME $AVAV $SNPS $LE $RBRK $LMNR $MEI $CVGW $AMRK
W - $CHWY $TEN $DAKT $ZENV $LSAK $OXM $CULP $VNCE
T - $KR $LOVE $KALV $VRA $HOFT $ADBE $FARM $RFIL $KMTS
F - -
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Econ-data/events
M - Consumer credit (3pm)
T - NFIB optimism index
W - PPI, wholesale invent'
T - CPI, weekly jobs, US T-budget
F - 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 EST on Monday.
