Tuesday, 1 July 2014

2pm update - extra time for the Swiss

US indexes hold very significant gains, with new historic highs for the Dow, SP, Trans, NYSE Comp', and the R2K. Only the Nasdaq Composite is missing out..still 10% below the spring 2000 high of the 5100s. VIX remains crushed, and equity bears have nothing to look forward to in the immediate term.

R2K, monthly2', rainbow


The big monthly chart for the second market leader tells the story. We have the first green candle since last December.

Underlying upside power is increasing again, and we have taken out the March highs.

Just consider that the R2K has climbed around 12%... in the last six trading weeks.

back to the game.