Friday 13 February 2015

Daily Index Cycle update

US equities closed with rather significant gains, sp +19pts @ 2088. The two leaders - Trans/R2K, settled higher by 0.8% and 1.2% respectively. Near term outlook offers new historic highs, which will open the door to the 2120/50 zone by early March.


sp'daily5



Dow



Nasdaq comp'


Summary

*most notable, the Nasdaq comp'.. new post 2009 highs... set for the giant 5k threshold.. and the March 2000 bubble high of 5132.
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Little to add.... all indexes look set to claw higher.... not least if the Greeks capitulate to the majority of demands from the EU.
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a little more later...