Saturday, 23 November 2013

Daily Index Cycle update

The main indexes closed moderately higher, with the sp +8pts @ 1804. The two leaders - Trans/R2K, settled +0.4% and +0.5% respectively. There looks to be upside next week to the sp'1810/20s, before the next moderate retracement in mid December.


sp'daily5


R2K


Trans


Summary

Another new set of historic highs, for the Dow, SP'500, and the R2K.

The Trans, and Nasdaq will most likely follow next week.
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a little more later...