Friday 28 February 2014

Daily Index Cycle update

The US equity market saw moderate gains, sp +9pts @ 1854. The two leaders - Trans/R2K, settled higher by 0.6% and 0.5% respectively. Market looks set to continue broadly higher into the weekend..and probably also much of March.


sp'daily5


R2K


Trans


Summary

There is little to add. Most notable aspect, the upper bollinger on the sp'500 daily cycle is now offering the 1880s in the immediate term, and that certainly appears viable as early as the latter part of next week.
-

a little more later...