Thursday 16 April 2015

Daily Index Cycle update

US equities closed higher for a second consecutive day, sp +10pts @ 2106. The two leaders - Trans/R2K, settled higher by 0.1% and 0.8% respectively. Near term outlook remains bullish, with the sp'2130/40s viable within the next few weeks. Equity bears have little realistic hope until at least mid May.


sp'daily5



R2K



NYSE Comp'



Summary

*notable new historic highs for the R2K and the NYSE Comp'
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It was merely another day for the equity bulls, and the rest of the US indexes look set to break new historic highs in the near term.

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a little more later...