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).
sp'500
Nasdaq comp'
Dow
NYSE comp'
Trans
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Summary
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.
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Looking ahead
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.
Earnings:
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
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Econ-data:
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
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*the next post on this page will likely appear 5pm EDT on Monday.
