It was a bullish week for US equity indexes, with net weekly gains ranging from +5.8% (Transports), +3.8% (Dow), +2.5% (Nasdaq comp'), to +2.4% (SPX, NYSE comp').
Lets take our regular look at five of the main US indexes (monthly candle charts, for some perspective).
All five of the US equity indexes settled net higher for the week.
The Transports lead the way higher, with the SPX and NYSE comp' a little laggy.
The Nasdaq comp' broke a new historic high.
All five indexes are currently trading above their respective monthly 10MA, with the m/t trend outright bullish.
A somewhat lighter week is ahead, at least in terms of scheduled earnings/data. I would especially note earnings for Barrick Gold (early Mon'), and Wheaton Precious Metals (late Wed'), both of which should be good, with extremely positive outlooks.
M - CGC, WKHS, GOLD, RCL, MAR, ON, NVAX, TLRY, SPG, OXY, TME, ZI
T - NIO, HUYA, SYY, LITE, TTOO, LRN, RRGB
W - JMIA, ALT, EAT, CSCO, SDC, LYFT, WPM
T - TPR, AMAT, PRPL, BIDU, IQ
F - DKNG
M - JOLTS
T - PPI
W - CPI, EIA Pet', US T-budget
T - Weekly jobs, import/export prices
F - Retail sales, Productivity/costs, consumer sent', busi' invent'.
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Have a good weekend
*the next post on this page will likely appear 5pm EDT on Monday.