Thursday, 27 February 2014

Daily Index Cycle update

The US indexes closed somewhat mixed, sp' +0.1pts @ 1845. The two leaders - Trans/R2K, settled -0.2% and +0.6% respectively. Near term outlook is for further upside to the sp'1860/70s within 2-5 trading days. VIX continues to reflect a largely fearless market.





Most notable aspect of today, the R2K, which was earlier +1.2%, at a new historic high of 1188.

Other than that, not much needs to be said. The broader up trend continues, as better reflected on the weekly/monthly charts.

Closing update from Riley

a little more later...