Daily Index Cycle update

The main indexes closed a little higher (yet again!). In fact, ALL the main indexes put in new post 2009 highs. Even the lagging Nasdaq has finally broken the highs from last September. Primary trend remains strongly higher, with no sign of a turn lower.


IWM

Nasdaq

SP'daily5

Trans

Summary

A little weakness earlier today, but once again negated by an afternoon recovery rally.

The incessant 'latter day' ramp seems indeed..incessant. Urghh!
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There is a huge POMO day tomorrow of $4-6bn. It could easily be something of a 'valentines day massacre' for those on the short side.

As ever, we shall see.
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A little more later