It was a bullish week for most US equity indexes, with net weekly changes ranging from +2.0% (Nasdaq comp'), +1.6% (SPX), +1.1% (NYSE comp'), +0.9% (Dow), to -0.6% (Trans).
Lets take our regular look at six of the main US indexes
sp'500
Nasdaq comp'
Dow
R2K
NYSE comp'
Trans
–
Summary
Five US equity indexes were net higher for the week, with one net lower.
The Nasdaq was very significantly higher, whilst the Transports was moderately lower.
The SPX, Nasdaq, Dow, and NYSE comp' broke new historic highs.
–
Looking ahead
It will be a busy week, with the market focused on the Fed.
Earnings:
M - $HAIN $HYFT $PLAY $HITI
T - $FERG $EPM $FLUX
W - $GIS $IPHA $MANU $QSG $CBRL $BLSH $SANG
T - $DRI $FDS $FDX $LEN $RSSS $SCHL
F - $MNY
-
Econ-data/events
M - Empire State Manu'
T - Retail sales, import prices, indust' prod', busi' invent', home builder conf'
W - Housing starts, building permits, EIA Pet'
*FOMC announcement 2pm, with a Press Conf' 2.30pm
T - Weekly jobs, Phil' Fed Manu', leading indicators
F - *QUAD-OPEX*
*As Friday is quadruple option expiration, with some index re-balancing, I'd expect considerable chop, on extremely high vol'.
-
If you value my work on Blogger, X, and want more of the same,
subscribe to my intraday service! For details and the latest offers,
see: https://www.tradingsunset.com
Have
a good weekend
--
*the next post on this page will likely appear 4.20pm EST on Monday.
