Daily Index Cycle update

US equity indexes closed with borderline significant gains, sp +19pts @ 2100. The two leaders - Trans/R2K, settled higher by 1.7% and 1.0% respectively. Near term outlook is bullish, with new historic highs due on all indexes.


sp'daily5

R2K

Summary

*second market leader - R2K, close to breaking last weeks new high of 1278.
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There is little to add... it remains pretty choppy from day to day.. but certainly the broader trend remains bullish... lead by the R2K and NYSE Comp'.
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Closing update from Riley


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a little more later...