It was a bullish week for US equity indexes, with net weekly gains ranging from +6.5% (Trans), +4.7% (Nasdaq comp'), +4.0% (R2K), +3.6% (SPX), +3.0% (Dow), to +2.4% (NYSE comp').
Lets take our regular look at six of the main US indexes (monthly candle charts)
sp'500
Nasdaq comp'
Dow
NYSE comp'
R2K
Trans
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Summary
All six US equity indexes were net higher for the week.
The 'old leader' - Transports, lead the way up, whilst the NYSE comp' laggard.
The Transports broke a new historic high.
More broadly, all six US equity indexes are trading above their respective monthly 10MA.
The SPX, Nasdaq comp', and Dow, have negative monthly momentum.
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Looking ahead
Earnings:
M - $GS $FAST $SIFY $FBK
T - $JPM $BLK $C $WFC $PNC $KMX $JNJ $BSVN $HOVR $ACI $CREX $SURG $MAMA $GLOO $EQBK
W - $ASML $MS $BAC $PNC $PGR $VNCE $MTB $FHN $SLG $JBHT $NKLR $GSBC $HOMB
T - $TSM $SCHW $PEP $PLD $BK $HOFT $IIIN $TRV $CFG $ABT $NFLX $AA $CNS $SFNC $INDB $LAKE $FNB
F - $FITB $RF $TFC $ALLY $ERIC $ALV $BMI $STT
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Econ-data/events
M - Existing home sales
T - PPI
W - Import prices, Empire state manu', home builder conf', EIA Pet', Fed Beige book (2pm)
T - Weekly jobs, Phil' Fed manu', indust' prod'
F - Housing starts, building permits. *OPEX*
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Have a good weekend
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*the next post on this page will likely appear 6pm EDT on Monday
