Thursday, 9 July 2015

Daily Index Cycle update

US equities closed significantly weak, sp -34pts @ 2046 (intra low 2044). The two leaders - Trans/R2K, settled lower by -2.1% and -1.5% respectively. Near term outlook is for renewed upside into the sp'2100s... regardless of the ongoing Greek/China issues.




*a new cycle low of 7970 for the market laggard - Transports,

Suffice to add.. a day for the equity bears, although most indexes held the Tuesday low.

a little more later..