Lets take our regular look at six of the main US indexes
sp'500
The SPX saw a net weekly decline of -2pts (0.1%) to 2905. The bulls did break a new multi-month high of 2918, with a Thursday morning low of 2891. MACD (blue bar histogram) cycle remains at very elevated levels, with the market vulnerable to a sporadic and brief mini washout. New historic highs appear probable in May.
Nasdaq comp'
The Nasdaq comp' settled +13pts (0.2%) to 7998, having broken a new cycle high of 8052, a mere 135pts (1.7%) shy of the Aug'2018 historic high of 8133.
Dow
The mighty Dow settled +147pts (0.6%) to 26559, just 392pts shy of the Oct'2018 historic high of 26951.
NYSE comp'
The master index cooled by a moderate -46pts (0.4%) to 12922.
R2K
The R2K was the laggard this week, settling -19pts (1.2%) to 1565. The Russell is clearly struggling to break above the Feb' high of 1602.
Trans
The 'old leader' - Transports, lead the way higher this week, settling +76pts (0.7%) to 10988. Its notable that this week did break above (if briefly) the Dec' high of 11044. Recent earnings from CSX and UAL were fine, and especially impressive considering WTIC/fuel prices in Q1.
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Summary
Four indexes settled net higher for the week, with two net lower.
The Transports lead the way upward, whilst the R2K was the laggard.
YTD price performance:
The Nasdaq comp' continues to lead the way this year, currently +20.5%, with the Transports +19.8%. The R2K is 16.1%, the SPX +15.9%, and the Dow +13.9%. The NYSE comp' is lagging, but still higher by a respectable +13.6%.
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Looking ahead
There is a veritable truck load of earnings...
M - HAL
T - TWTR, VZ, LMT, SNAP, KO, PG, UTX, EBAY, AMTD
W - BA, T, CAT, FB, MSFT, TSLA, V, PYPL, CMG, LRCX, XLNX
T - ABBV, UPS, LUV, MMM, F, AMZN, INTC, SBUX, GRUB
F - AAL, XOM, CVX, SNE
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M - Existing home sales
T - FHFA house price index, new home sales, Rich' fed
W - EIA Pet' report
T - Weekly jobs, durable goods orders
F - GDP Q1 (first print), consumer sent'.
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Enjoy the Easter break :)
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*the next post on this page will likely appear 5pm EDT on Monday.