Saturday, 28 December 2013

Daily Index Cycle update

The main indexes closed with minor chop into the weekend, sp -0.6pts @ 1841. The two leaders settled -0.2% and -0.1% respectively. Near term outlook remains bullish, with a year end close seemingly likely in the 1850/60s.





There is little to add about today. Market is likely just consolidating its latest move into new historic territory.

A Tuesday/year end close in the sp'1850/60s..along with Dow 16500/600s is now the immediate target.
a little more later...