SPY, the SPDR S&P 500 ETF climbed +0.71% on the week, while the VIX closed at 17.44, indicating an implied one day move range of +/-1.1% & an implied one month move range of +/-5.04%.
Their RSI is trending higher at 61.43, while their MACD is flat & looking set to bearishly cross through the signal line in the coming day or two.
Volumes were +8.99% higher than the prior year’s average (72,968,000 vs. 66,946,693), which does not paint a strong picture & indicates that there was a lot of profit taking last week due to each day’s performance.
Monday the week began on a gap up to above $680/share, but the week volume was unconvincing of the move higher & its staying power.
Tuesday followed suit, opening on a gap higher & ultimately closing the day as a spinning top candle, indicating temporary equilibrium, with a touch of uncertainty, which was also confirmed by the other lowest volume of the week with Monday’s session.
Caution had begun to creep into the market regarding SPY & its component stocks, with additional warning signs creeping into play on Friday, where 3.37% of SPY component stocks hit fresh 52-week highs, while 6.15% hit fresh 52-week lows.
Technology & AI names had been responsible for the market to grind higher, while under the hood the broader index was not performing as strongly.
Wednesday the cracks became exposed when SPY opened on a gap up, ran at the $690/share level, but was stopped short, increasing their all-time high to $689.70, but closing lower than it opened & forming a hanging man candle, indicating that bearishness had finally set in.
There was a surge in profit taking Wednesday as well, as the session had the highest volume of the week in reaction to earnings reports & their relation to what the currently unreported government economic data may be based on their clues.
Thursday offered confirmation of this, as SPY opened on a gap lower, temporarily fought higher, but bears set in & forced the day down -1.1% on the week’s third highest volume, as folks were making their way towards the exit.
Friday opened on a slight gap up, but fear spread into the market & folks began selling, forcing price down to make a run at the 10 day moving average’s support & closing lower than the day opened.
Moving into a new week, in the event that the 10 DMA’s support is able to sustain then & SPY’s charts can broaden may be able to make another attempt at an all-time high, but it will need solid advancing volume & less profit taking in the near-future following the move to continue higher.
The consolidation case looks like SPY oscillating around the 10 DMA, awaiting a signal in the near-term trend to serve as a catalyst higher or lower while the 50 day moving average creeps higher from just -2.45% below.
What that catalyst may be will be interesting to see, as there are a littany of earnings reports across a wide variety of sectors, industries & market cap sizes, there is U.S. Services data coming out, which has been an area of interest in discussing the inputs to inflation & how they’re reacting to policy differently.
There are also a handful of Federal Reserve speakers this week & given that the government shutdown appears to be continuing on there will be a lot of data that is not reported for the week, which may leave investor unwinding earnings calls & other data announcements to try to piece together how the economy is running.
To the downside, in the event that the support of the 10 DMA gives out, all eyes should fall on the 50 DMA’s support, which will continue climbing higher in the meantime lagging SPY’s price.
While it resides in a Buyer oriented zone from the past ~3 years, if it shows weakness SPY enters back-to-back Seller zones (2.4:1 & 1.57:1), which then makes $638.08 an area of interest, as it becomes the gatekeeper to the next support levels & zone.
SPY has support at the $678.10 (10 Day Moving Average, Volume Sentiment: NULL, 0:0*), $673.95 (Volume Sentiment: Buyers, 2.5:1), $661.49 (50 Day Moving Average, Volume Sentiment: Buyers, 1.58:1) & $653.17/share (Volume Sentiment: Sellers, 1.57:1) price levels, with resistance at the $689.70/share (All-Time High, Volume Sentiment: NULL, 0:0*) price levels.
QQQ, the Invesco QQQ Trust ETF advanced +1.94% on the week, faring the strongest of the major indexes.
Their RSI is trending higher & currently sits at 63.97, while their MACD is bullish, but has flattened & has a waning histogram, indicating weakness on the near-term horizon & like we may see a bearish run at the signal line in the coming days.
Volumes were +39.31% higher than the prior year’s average (61,652,000 vs. 44,256,454), which like SPY may prove to be indicative of weakness, as their advancing/declining volume sessions mirrored one another.
Monday QQQ opened the week on a gap up, but was unable to break above the $630/share level on low volume, indicating that there was a bit on uneasiness still in the air, following the gap post consolidation to end the prior week.
Tuesday also opened on a gap up to above $630 & continued higher, but the day’s upper shadow showed that the bears were beginning to take over & trim some of their recent profits after three consecutive gap ups.
Wednesday also opened on a gap up, and the highest volume session of the week made a run higher to try to break the $640/share level, but was stopped short at a new all-time high of $637.01/share, before profit taking setin & the day ended as a doji candle.
Thursday confirmed this, with QQQ gapping down & more Sellers stepping into the market to take profits from the table & take risk off of the table on the week’s third highest volume.
While day-over-day Friday was +0.48%, the session opened on a gap higher & proceeded to sink lower all day as more profits were taking & risk reduced, but unlike SPY, QQQ remained higher above the support of the 10 day moving average.
Heading into the new week, QQQ’s outlook is similar to SPY’s; the upside case requires more advancing volume with less profit taking in order to make another run higher, but the latter two sessions of the week could be forming the beginning of a broadening pattern, which will be something to keep an eye on.
The conolidation case is also similar, where a range continuing Thursday & Friday’s lead begins to oscillate around the 10 day moving average awaiting a signal of an upside or downside catalyst.
The downside case is also very similar, with QQQ’s 10 day moving average the first key support level, which should it give way puts $613.18 in the hot seat while the window created by the prior Friday fills, leading prices to ~$610/share & bringing the 50 day moving average’s support into question.
That will be a key area to watch as it is currently in a Seller zone (1.17:1) from this past year, which may lead to further selling, in which case $590.13 becomes the gatekeeper, as the $585-589.99/share zone is also Seller dominated (3.14:1).
QQQ has support at the $620.80 (10 Day Moving Average, Volume Sentiment: NULL, 0:0*), $613.18 (Volume Sentiment: Buyers, 1.17:1), $596.46 (50 Day Moving Average, Volume Sentiment: Sellers, 1.17:1) & $590.13/share (Volume Sentiment: Buyers, 1.04:1) price levels, with resistance at the $637.01/share (Volume Sentiment: NULL, 0:0*) price levels.
IWM, the iShares Russell 2000 ETF declined -1.28% last week, as the small cap index fell out of favor after being the strongest of the four majors the week prior.
Their RSI is trending higher from the neutral 50 level & sits currently at 52.37, while their MACD is bearish.
Volumes were +18.36% higher than the prior year’s average (39,284,000 vs. 33,190,239), which should raise some eyebrows given that the two highest volume sessions of the week were declining.
Monday began the week on a gap up open, but ti all went downhill from there & bears stepped in to force the session downhill & to close lower than it opened on the second lowest volume of the week, a reflection of profit taking from the prior Friday’s gap up session & fear beginning to surround the small cap names after a strong previous week.
Tuesday opened on a gap lower to below the $250/share level, attempted higher & was denied by the bears & ultimately settled down to result in a spinning top candle for the day, indicating that there was a lot of uncertainty in the market when combined with the week’s lowest Volume.
Wednesday began on another gap down, rallied higher to break above $250/share temporarily, before selling off to a daily low of $244.69/share, before recovering to close in-line with the 10 day moving average, signaling that the near-term trend had come under fire.
Thursday provided confirmation of this, as another gap down open resulted in IWM briefly climbing higher above the 10 day moving average’s resistance, but Sellers came in & fored IWM lower on more profit taking & the window formed the previous Friday was closed.
What’s alarming about Thursday’s show of weakness is that the day resulted in a spinning top candle on the low end of the day’s range, simultaneously on the week’s second highest volume, none of which paints a particularly rosy picture for the small cap index.
Friday confirmed this, as a gap up open tested lower, before running up higher to test the resistance of the 10 day moving average, but ultimately ended as a spinning top, signaling uncertainty heading into the weekend.
Heading into a new week the upside case for IWM also lies somewhat on the strength/weakness of SPY, QQQ & DIA, as we’re not at a stage in the market where a bank run on those would prop IWM higher, in fact it would make the small cap names appear even more risky in most cases (particularly when you reference the 52-week highs/lows from Friday mentioned above).
The consolidation case currently looks like IWM oscillating between the 10 & 50 day moving averages, as they await an upside or downside catalyst, as the medium-term trendline has crept to ~2% away from the short-term trendline.
The downside case will also rely heavily on the severity of the other major index’s losses, as IWM has more local support levels due to how it climbs slower & steadier than the other three.
In the event IWM declines, reference the table below for their historic Buyer:Seller (Seller:Buyer) sentiment at each price level that they’ve traded at over the past ~2 years.
IWM has support at the $242.45 (Volume Sentiment: Buyers, 2.19:1), $241.69 (50 Day Moving Average, Volume Sentiment: Buyers, 2.19:1), $240.76 (Volume Sentiment: Buyers, 2.19:1) & $239.79/share (Volume Sentiment: Buyers, 1.56:1) price levels, with resistance at the $247.15 (10 Day Moving Average, Volume Sentiment: NULL, 0:0*), $248.48 (Volume Sentiment: NULL, 0:0*) & $252.77/share (All-Time High, Volume Sentiment: NULL, 0:0*) price levels.
DIA, the SPDR Dow Jones Industrial Average ETF added +0.73% last week, as it was the second favorite among the major indexes.
Their RSI is currently flat at the 64.88 level, while their MACD is bullish, but beginning to show signs of a waning histogram & a possible bearish crossover by midweek.
Volumes were +114.45% higher than the prior year’s average (8,246,000 vs. 3,845,099.6), which is cause for concern given that the two of the three highest sessions were declining & clear profit taking with a side of being unenthused.
Monday the week opened on a gap higher, straddling the $475/share level & resulting in the lowest volume session of the week & a doji candle, indicating that ~$475/share is where market participants felt comfortable “waiting & seeing”.
Tuesday also opened on a gap higher, and began showing the faults in DIA’s foundation.
The week’s second highest volume came as profits from the three gap open in a row sessions began being ripped off of the table, and the $480/share level was not broken above.
Wednesday opened slightly higher, ran up to above $480/share, before tumbling to temporarily break down thought the $475/share level, as the profit taking of the day produced the highest volume session of the week & a clear indication that there was downside appetite in the air.
Thursday echoed this sentiment, where a gap down open managed to push higher to above $480/share, but profit-taking again set in intraday & forced a spinning top candle at the close, signaling that there was downside appetite, and a clear, general uncertainty in the air.
Friday this theme continued, where a gap up open resulted in a doji just above the $475/share level, leaving the question based on the body if it is a dragonfly doji that will prove higher in the near-term, or if the long lower shadow is hinting at further downside pain to come, as day-over-day lower highs & lower lows have both been a common story of the week.
Heading into the new week, the upside story remains the same & the story of last week’s volume plus lower highs/lows each day towards midweek to the end of the week makes it seem unlikely to occur.
The consolidation case looks like an extension of what we saw from Tuesday on, where DIA stays range bound & eventually oscillates around the 10 DMA as it awaits an upside/downside catalyst.
To the downside things become interesting, as the blue chip index is more likely to be “bought & held” than the other three aforementioned indexes, but given that its so near all-time highs any selloff may be veiwed as a chance at profits to investors & trigger a more serious move.
In the event that the 10 DMA gives way, watch to see if the 50 DMA is able to stop the bleeding & provide support.
If not, the $454.41/share level is up next for support & it resides in a Seller zone (1.1:1), which also makes the $448.55/share supportlevel the gatekeeper lower as it falls next in line.
DIA has support at the $472.11 (10 Day Moving Average, Volume Sentiment: NULL, 0:0*), $470.22 (Volume Sentiment: NULL, 0:0*), $461.94 (50 Day Moving Average, Volume Sentiment: Buyers, 2.36:1) & $454.41/share (Volume Sentiment: Sellers, 1.1:1) price levels, with resistance at the $480.39/share (All-Time High, Volume Sentiment: NULL, 0:0*) price levels.
The Week Ahead
Monday the week begins with S&P Final U.S. Manufacturing PMI data at 9:45 am, before ISM Manufacturing & (pending government shutdown) Construction Spending data at 10 am & Fed Governor Cook speaking at 2pm.
Affiliated Managers, Ares Management, Axsome Therapeutics, BioCryst Pharma, Bruker, CNA Financial, Freshpet, fuboTV, Hess Midstream Partners, IDEXX Labs, Kontoor Brands, Krystal Biotech, Liquidia Technologies, Napco Security Systems, onsemi, Pediatrix Medical Group, Pinnacle West, Public Service & Vertex all report earnings before Monday’s opening bell, followed by Palantir Technologies, ADTRAN, Air Lease, Ameresco, Atlas Energy Solutions, Boise Cascade, BWX Technologies, Cabot, Capital Southwest Corp., Clorox, CNO Financial, Comstock, Corebridge Financial, Coterra Energy, Denny’s, Diamondback Energy, Eastman Chemical, Ensign Group, EverQuote, Exact Sciences, Fabrinet, Franco-Nevada, Goodyear Tire, Halozyme Therapeutics, Harmonic, Helios Technologies, Hims & Hers Health, Hologic, IAC Inc., ICHOR Corporation, Innovative Industrial Properties, Innovex International, Insperity, Inspire Medical Systems, JBT Marel Corporation, JELD-WEN, Kforce, Lattice Semi, National Storage Affiliates, Navitas Semiconductor, New Mountain Finance, ONE Gas, Ormat Tech, Otter Tail Power, Paymentus, PotlatchDeltic, Primoris Services, Qorvo, Realty Income, RingCentral, Ryman Hospitality, Sanmina, Sarepta Therapeutics, SBA Comm, Simon Properties, Syndax Pharmaceuticals, Tennant, UFP Technologies, Unum Group, V2X, Vertex Pharma, Viper Energy Partners, Vornado Rlty Trust, Voyager Technologies, Williams Cos, Xenon Pharmaceuticals & ZoomInfo after the session’s close.
U.S. Trade Deficit data is scheduled for 8:30 am on Tuesday, followed by Factory Orders & Job Openings at 10 am (all of which are dependent on the government reopening).
Tuesday morning features earnings reports from AdaptHealth, ADM, ADT, Amicus Therapeutics, Anywhere Real Estate, Axcelis Tech, Ball Corp, Brightstar Lottery, Broadridge Financial, Capri Holdings, CDW, Colliers, Dave, Inc., Driven Brands, Eaton, Ecovyst, Enpro Inc., Exelon, Expeditors International, Ferrari, First Watch Restaurant Group, Fortis, Gartner, Genius Sports, Global Payments, Graphic Packaging, Hamilton Lane, Harley-Davidson, Harmony Biosciences, Henry Schein, Hertz Global, Hillman Solutions Corp., Ingredion, IPG Photonics, Knife River Corp., Kymera Therapeutics, LGI Homes, Life Time, Madrigal Pharmaceuticals, Marathon Petroleum, Marriott, Martin Marietta, McGraw Hill, Molson Coors Brewing, MPLX LP, Netskope, NNN REIT, Norwegian Cruise Line, Novanta, Ocular Therapeutix, Pfizer, PJT Partners, Portillo’s, Premier, Rhythm Pharmaceuticals, Sealed Air, Shoals Technologies, Shopify, Silicon Labs, Sotera Health, Spotify, Stanley Black & Decker, SunCoke Energy, The Marzetti Company, Thomson Reuters, TIC Solutions, Inc., TopBuild, TPG Inc., Uber, UL Solutions Inc., Uniti Group, Vital Farms, Waters, Webull Corporation, WhiteFiber, Wingstop, Xometry, Yum China, Yum! Brands & Zoetis, before A10 Networks, Advanced Energy, Advanced Micro Devices, AES, Aflac, Allegiant Travel, Amentum Holdings, American Financial, American International, Amgen, Andersons, Angi Inc., Arista Networks, Ashland, Assurant, Astera Labs, Aura Minerals, Axon, Benchmark Electronics, Cadre Holdings, California Resources, CareDx, CAVA Group, Chord Energy, Clean Energy Fuels, Corcept Therapeutics, Corsair Gaming, Corteva, Coupang, Day One Biopharmaceuticals, Douglas Emmett, Equitable Holdings, Essential Utilities, Eversource Energy, Everus, Exelixis, Flywire, GoodRx, Grocery Outlet, GXO Logistics, Hinge Health, Horace Mann, Innospec, Intapp, International Flavors, Jack Henry, Jackson Financial, Kinross Gold, Kodiak Gas Services, Kratos Defense and Security, Kyndryl, Limbach, Live Nation, LTC Properties, Lumentum, Macerich, MARA Holdings Inc., Masimo, MasterBrand, Match Group, Matson, Mercury, Mirum Pharmaceuticals, MNTN, Inc., Mosaic, NANO Nuclear Energy, NMI Holdings, O-I Glass, Orion Engineered Carbons, Ovintiv, Par Pacific, Paylocity, Perdoceo Education, Pinterest, PROCEPT BioRobotics, PTC Therapeutics, Qiagen, Qualys, Radian Group, Rapid7, Revolve Group, Rivian Automotive, Select Water Solutions, Sixth Street Specialty Lending, Skyline Champion, Skyworks, SM Energy, StubHub Holdings, Suncor Energy, Super Micro Computer, Supernus Pharma, Tanger Factory, Tempus AI, Teradata, The Baldwin Group, Toast, Trex, Ultragenyx Pharma, Upstart, Veracyte, Voya Financial, Western Midstream, XPLR Infrastructure, LP & Zeta Global report after the closing bell.
Wednesday brings us ADP Employment data at 8:15 am, S&P Final U.S. Services PMI data at 9:45 am & ISM Services data at 10 am.
McDonald’s, ACM Research, Acushnet, Adient, Alight, ArcBest, Ardmore Shipping, Arvinas, Avanos Medical, Avient, Avista, Bentley Systems, Bio-Techne, Brinks, Bullish, Bunge, Cameco, Caris Life Sciences, Cencora, Centuri Holdings, CGI Group, Charles River, Choice Hotels, Cinemark, DigitalOcean, Dine Brands, Dynatrace, Emerson, Establishment Labs, Fidelity National Info, Fiverr, Fortrea, Frontdoor, Green Plains, Humana, InMode, Iron Mountain, Johnson Controls, Jones Lang LaSalle, Kennametal, Klarna Group plc, Kornit Digital, Lemonade, Lineage, LivaNova, Louisiana-Pacific, Mannkind, Metsera, Middleby, National Vision, New York Times, Northwest Natural, Owens Corning, Parsons, Payoneer, Performance Food Group, Perrigo, Plains All American, PPL Corp, Recursion Pharmaceuticals, Royalty Pharma, Sabre, Scotts Miracle-Gro, Sempra Energy, Sleep Number, SolarEdge Technologies, Sonos, Southwest Gas, Sportradar Group AG, Steven Madden, Sunoco LP, Taboola, Teva Pharma, Trimble, Unity Software, Wolverine, XPEL & Zimmer Biomet all report earnings on Wednesday morning, followed by Robinhood Markets, Acadia Healthcare, ACADIA Pharmaceuticals, ACV Auctions, Adaptive Biotechnologies, ADMA Biologics, Albany International, Albemarle, Allstate, Almonty Industries, Alpha and Omega Semi, AMC Entertainment, Amcor, American States Water, Amplitude, APA Corp., AppLovin, Arm Holdings plc, Array Tech, Atmos Energy, B&G Foods, B2Gold, Barrett Business, Black Hills Corp, Blue Owl Technology Finance Corp, Bumble, Centrus Energy, Certara, CF Industries, Chime, Coherent, CONMED, CoreCivic, Corpay, Coty, Crane NXT, CRH Plc., CSG Systems, Curtiss-Wright, Cytokinetics, Deluxe, Devon Energy, DoorDash, Duolingo, Dutch Bros, e.l.f. Beauty, Encore Capital, Energy Transfer, Enersys, Enovix, Equinox Gold, Excelerate Energy, Fair Isaac, Fastly, Figma, Fortinet, Forward Air, Freshworks, Frontier Group Holdings, FS KKR Capital, Genco Shipping & Trading, GFL Environmental, Grand Canyon Education, Greif, Hecla Mining, Herbalife Nutrition, HighPeak Energy, Host Hotels, HubSpot, Informatica, Ingevity, Interparfums, IonQ, Jazz Pharma, Joby Aviation, Kemper, Kinetik, Klaviyo, LegalZoom.com, Light & Wonder, LiveRamp, Lucid Group, Lyft, Magnite, Manitowoc, Marqeta, Marriott Vacations, Maze Therapeutics, McKesson, MetLife, Miami International Holdings, MKS Inc., Murphy Oil, National Fuel Gas, NCR Atleos, Nutrien, Open Text, OPENLANE, Pattern Group, Paycom Software, Pebblebrook Hotel Trust, Penumbra, Permian Resources, Power Integrations, Primerica, Procore Technologies, PTC, Q2 Holdings, Qualcomm, QuidelOrtho, Rayonier, Remitly Global, Resideo, Revolution Medicines, RLJ Lodging Trust, Root, Inc., Royal Gold, RxSight, Sabra Health Care REIT, Safehold, Schrodinger, Seadrill Ltd, Sezzle, Sinclair Broadcast, SiTime, Slide Insurance Holdings, Snap, South Bow Corporation, Sprout Social, Steris, Sturm Ruger, Talen Energy, Talos Energy, Titan America, TKO Group Holdings, Tronox, Tutor Perini, U.S. Physical Therapy, Veeco Instruments, Vir Biotechnology, Warrior Met Coal, Watts Water Tech., Workiva & ZipRecruiter have their calls after the closing bell.
Initial Jobless Claims & U.S. Productivity data are scheduled for release on Thursday at 8:30 am, before Wholesale Inventories data at 10 am (all dependent on the government shutdown ending), Fed President Williams speaking at 11 am, Fed President Paulson speaking at 4:30 pm & Fed President Musalem speaking at 5:30 pm.
Thursday morning’s earnings calls include AAON, ACI Worldwide, Advanced Drainage Systems, Air Products, Alpha Metallurgical Resources, Altice USA, Ameren, Americold Realty Trust, Appian, ArcelorMittal, Aspen Aerogels, AstraZeneca, ATS Corp, Autohome, BCE Inc, Becton Dickinson, BeOne Medicines, Bloomin’ Brands, Canada Goose, Canadian Natural Resources, Cars.com, Clear Secure, Cogent Communications, Collegium Pharmaceutical, Commerce.com, ConocoPhillips, Core Natural Resources, Cummins, D-Wave Quantum, Datadog, Dentsply Sirona, Ducommun, DuPont, Enovis Corporation, EPAM Systems, Evergy, Gogo, Granite Construction, Haemonetics, Hyatt Hotels, Insulet, International Seaways, Janus International Group, Kelly Services, Kenvue, Kimbell Royalty Partners, Krispy Kreme, Lamar Advertising, Lantheus Holdings, LifeStance Health Group, Ligand Pharma, Lightspeed, MACOM Technology, Marex Group plc, MasterCraft, MDU Resources, Moderna, N-able, NCR Voyix Corporation, NetScout Systems, Nexstar, Nomad Foods, Nova Measuring, NRG Energy, Olaplex, Oscar Health, Papa John’s, Parker-Hannifin, PENN Entertainment, Planet Fitness, Playtika, Prestige Consumer, Primo Brands Corporation, Privia Health, Ralph Lauren, Rockwell Automation, RXO, Inc., ScanSource, SharkNinja, Shift4 Payments, Somnigroup International, Stagwell, Stevanato Group S.p.A., Strategic Education, Sun Life, Tapestry, TC Energy, Tecnoglass, Teleflex, TripAdvisor, Under Armour, United Parks & Resorts Inc., US Foods, Vericel, Viatris, Vistra Corp., Walker & Dunlop, Warby Parker, Warner Bros. Discovery & YETI Holdings, with reports coming in from 10x Genomics, Affirm, Airbnb, Akamai Tech, Alarm.com, Alliant Energy, American Healthcare REIT, AMN Healthcare, Applied Optoelectronics, Archer Aviation, Arlo Technologies, Artivion, Assured Guaranty, Astrana Health, AvePoint, Barings BDC, Bill.com, BlackLine, Block, Brighthouse Financial, Camden Property, CarGurus, Celanese, Century Aluminum, Chemours, Chesapeake Utilities, Civitas Resources, Con Edison, Concentra, Crinetics Pharmaceuticals, Diamondrock Hospitality, Diodes, Doximity, DraftKings, Dropbox, EverCommerce, EVERTEC, Evolent Health, eXp World Holdings, Expedia Group, Fidelity National, FIGS, Inc., Five9, Flowers Foods, Fox Factory Holding, Gen Digital, Genpact, Globus Medical, Grindr, H & R Block, Huntsman, ICU Medical, indie Semiconductor, Innodata, IREN Limited, JFrog, Karman Space and Defense, Lemaitre Vascular, LifeMD, Lionsgate Studios, Mettler-Toledo, Microchip, Monster Beverage, MP Materials, National Health, NerdWallet, News Corp., nLIGHT, Northern Oil & Gas, NuScale Power, Omada Health, OneStream, Onto Innovation, Opendoor Technologies, OUTFRONT Media, Palomar Holdings, PAR Technology, Peloton, Pembina Pipeline, Progyny, QuinStreet, QXO, Inc, Rackspace Technology, RB Global, Solventum, SoundHound AI, StepStone Group, Sunrun, Sweetgreen, Synaptics, Take-Two, Tandem Diabetes Care, Texas Roadhouse, The Trade Desk, Trupanion, Universal Display, USA Rare Earth, Victory Capital, VTEX, Wheaton Precious Metals, WillScot Mobile Mini, Wynn Resorts, Xponential Fitness, Yelp, Ziff Davis & Zymeworks following the session’s close.
Friday the week winds down with U.S. Employment Report Data, U.S. Unemployment Rate, U.S. Hourly Wages & Hourly Wages Year-over-Year at 8:30 am (all dependent on the government shutdown abating), before Fed President Logan speaks at 9:30 am, Consumer Sentiment (prelim) data is announced at 10 am & Consumer Credit data at 3pm.
Algonquin Power & Utilities, AMC Networks, American Axle, ANI Pharma, Atmus Filtration Technologies, Brookfield Infrastructure, CNH Industrial, Conduent, Constellation Energy, Delek US Holdings, DoubleVerify, Duke Energy, Enbridge, Essent Group, Fluor, Franklin Resources, Gray Media, KKR, Koppers Holdings, MarketAxess, Perella Weinberg Partners, Six Flags Entertainment, Sunstone Hotel, Sylvamo, Telephone & Data, Telus & Wendy’s all report their most recent before Friday’s opening bell.
See you back here next week!
*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN SPY, QQQ, IWM OR DIA AT THE TIME OF PUBLISHING THIS ARTICLE ***