Friday, 4 March 2016

Daily Index Cycle update

US equity indexes closed broadly higher, sp +6pts @ 1993. The two leaders - Trans/R2K, settled higher by 1.1% and 1.0% respectively. Near term outlook offers the sp'2K threshold for 'jobs Friday', with the 2020/40 zone viable by the next FOMC of March 16th.




Suffice to add, a third consecutive day for the equity bulls... with the bears seemingly powerless.

Regardless of whatever number the BLS publish tomorrow morning, US equities look set to battle higher for another 9 trading days.

A key turn at the next FOMC of March 16th would be rather natural.

a little more later...