It was a bullish week for most US equity indexes, with net weekly changes ranging from +1.2% (Dow), +0.9% (SPX), +0.8% (Nasdaq comp'), +0.6% (NYSE comp'), to -1.7% (Trans).
Lets take our regular look at five of the main US indexes
The SPX climbed for a sixth consecutive week, breaking a new historic high, settling +27pts (0.9%) at 3120. Price momentum continues to tick upward. M/t rising trend from Dec'2018, will be in the 2940s next week.
Tech climbed for a seventh consecutive week, +65pts (0.8%) at 8540.
The mighty Dow climbed for the 5th week of 6, +323pts (1.2%) to a new historic high of 28004.
The master index climbed for a sixth week, settling +84pts (0.6%) to 13492. The Jan'2018 historic high of 13637 is very near.
The old leader struggled, settling net lower for the week by -190pts (1.7%) to 10876.
Four indexes were net higher for the week, with one net lower.
The Dow is leading the way higher, whilst the Transports was sig' lower.
The SPX, Dow, and Nasdaq comp' broke new historic highs.
More broadly, all five indexes are holding above their respective monthly 10MA.
YTD price performance:
The Nasdaq comp' continues to lead for the year, currently +28.7%. The SPX +24.5%, with the Dow +20.0%. The NYSE comp' and Transports are both +18.2%.
T - HD, KSS, TJX, MDT, URBN
W - TGT, LOW, LB
T - M, JWN, GPS
F - FL, SJM
M - Housing market index
T - Housing starts
W - EIA Pet' report, FOMC mins (2pm)
T - Weekly jobs, Phil' fed, existing home sales, leading indicators
F - PMI comp', consumer sent'
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Have a good weekend
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