Wednesday, 30 December 2015

Daily Index Cycle update

US equity indexes closed significantly higher, sp +21pts @ 2078 (intra high 2081). The two leaders - Trans/R2K, settled higher by 0.7% and 1.0% respectively. Near term outlook is for a year end closing around sp'2090, with marginal new historic highs for the Dow, sp', and Nasdaq in Jan/Feb'.


Nasdaq comp'


Little to add.

It is notable that the 'headline indexes' - Dow, sp'500, and Nasdaq' all look on track for marginal new historic highs in January 2016.

Whether the market can hold such new highs... that is the core issue.

a little more later...