Wednesday, 19 February 2014

Daily Index Cycle update

The main indexes closed somewhat mixed, sp +2pts @ 1840. The two leaders - Trans/R2K, settled -1.0%  and +1.1% respectively. Near term outlook is for the market to continue higher, with the sp' breaking above the historic high of 1850, and proceeding to the 1880/1920 zone by mid/late March.





Little to add.

Broader trend remains to the upside.

Yes, the trans - old leader, closed lower, but the other indexes are all comfortably holding together.

Closing update from Mr Riley

a little more later..