Daily Index Cycle update

The main indexes swung from opening lows of sp'1760, to close +14pts @ 1782 The two leaders - Trans/R2K, closed with gains of 0.6% and 1.0% respectively. Near/mid-term outlook is for broad upside into late spring 2014.


sp'daily5

R2K

Trans

Summary

Another typical day for the US market, where there wasn't even any significant QE-pomo.

The indexes are again breaking new historic ground, lead by the Trans, SP..and even the laggy Dow is breaking higher.

There is little else to add...on what was just another classically bullish day.
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Closing video from Mr Riley



a little more later...