It was a bullish week for US equity indexes, with net weekly gains ranging from +8.0% (Trans), +7.1% (Nasdaq comp'), +5.3% (SPX), +4.5% (R2K), +3.4% (Dow), to +3.2% (NYSE comp').
Lets take our regular look at six of the main US indexes
sp'500
Nasdaq comp'
Dow
R2K
NYSE comp'
Trans
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Summary
All six US equity indexes were powerfully higher for the week.
The 'old leader' - Transports, lead the way up, whilst the NYSE comp' lagged.
All six indexes are above their respective weekly 10MA.
The Nasdaq comp' and NYSE comp' have positive weekly momentum. The other four indexes can be expected to follow next week.
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Looking ahead
Earnings:
M - Leading indicators
T - -
W - EIA Pet' report
T - Weekly jobs, PMI serv', PMI manu', existing home sales
F - New home sales
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Econ-data/events
M - $ZIM $GILT $OXLC $CGEN $CBAT $GSL $ICL $TH $TCOM $EGHT $AGYS $TRNS $QFIN $SB $PPSI
T - $HD $PONY $BILI $VIK $ARBE $AS $GDS $VIPS $PANW $TOL $TUYA $MOD $KEYS $SKY $VSAT $XP $ZTO $EARN
W - $TGT $TJX $GOOD $BIDU $VFC $WIX $MDT $KNOP $XPEV $SNOW $ZM $AMSC $DOMO $URBN $CLIR $RAMP $BBAR $ENS
T - $ADI $BJ $AAP $LSPD $NNOX $RL $ATAT $CSWI $TD $ARQQ $DECK $ADSK $INTU $ROST $WDAY $CPRT $SVM $STEP $CVCO $LION
F - $BAH $MNSO
*With Monday May 26th CLOSED, I would expect the preceding Friday to be very subdued on light 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.
