Market Analysis, Charts, Macro-Economics, and other nonsense
Tuesday, 4 February 2014
Daily Index Cycle update
The US equity indexes saw very significant declines, sp -40pts @ 1741. The two leaders - Trans/R2K, both settled lower by -3.2%. There is near term downside to around 1710/1690 within days. The VIX confirms the underlying market tremors, closing in the mid 21s.
sp'daily5
R2K
Trans
Summary
Clearly, a very rough day to start the month, and it bodes very badly for the bulls for the next few months. Suffice to say...near/mid term trend is strongly bearish.
-
