Lets take our regular look at six of the main US indexes
sp'500
The 13th weekly gain of 16, breaking a new multi-month high of 2910, settling +14pts (0.5%) to 2907, a mere 33pts (1.1%) from the Sept'2018 high of 2940. Note the macd (blue bar histogram) cycle which continues to tick upward, as price momentum strongly favours the bulls.
Nasdaq comp'
The Nasdaq gained 45pts (0.6%) to 7984.
Dow
The mighty Dow was the laggard this week, and despite a significant Friday gain of 269pts, still saw a net weekly decline of -12pts (0.05%) to 26412.
NYSE comp'
The master index saw a net weekly gain of 41pts (0.3%) to 12969. Equity bulls should be seeking a break above the Sept'2018 high of 13261.
R2K
The second market leader gained 2pts (0.1%) to 1584. Note recent price structure of a bull flag which will be fully confirmed >1602.
Trans
The 'old leader' - Transports, was the leader this week, settling +177pts (1.7%) to 10912. Next target is the Dec' high of 11044.
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Summary
Five of the six main US equity indexes settled net higher for the week.
The Transports lead the way with significant gains, whilst the Dow was the laggard, settling fractionally lower.
YTD price performance:
The Nasdaq comp' is currently leading the way, +20.3%, with the Transports +19.0%. The R2K is +17.5%, the SPX +16.0%, with the NYSE comp' +14.0%. The Dow is lagging, but still net higher by a respectable 13.2%.
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Looking ahead
It will be a short four day trading week, but earnings will start to pour in...
M - C, GS, SCHW
T - BAC, UNH, NFLX, IBM, UAL,
W - MS, KMI, LVS, AA
T - SLB, AXP,
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M - Empire state manu'
T - Indust' prod', housing market index
W - Intl' trade, Wholesale trade, Fed Beige book (2pm)
T - Retail sales,Weekly jobs, phil' fed, bus' invent', leading indi'
F - CLOSED
*Fed official Evans will be due on CNBC Squawk box on Mon'. Bullard will be due on Wed'.
**As Friday is CLOSED for 'Good Friday', price action on Thurs'18th can be expected to be choppy, if not also subdued, as many will be leaving early.
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Have a good weekend
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| Twilight moon. |