Daily Index Cycle update

US equities climbed higher into the long holiday weekend, sp +10pts @ 1985. The two leaders - Trans/R2K, both settled higher by 0.7%. Near term outlook is bullish to the 1990s.. with the giant psy' level of 2000 viable within 2-3 weeks.


sp'daily5

R2K

Trans

Summary

It was merely another bullish day, and end to the week for the US equity market.

The jobs data - even from a econ-bearish perspective, was 'reasonable', and it was no surprise to see the market break Dow 17k, and come within 0.75% of the giant sp'2000 threshold.
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a little more later...
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*the weekend post will be on the World monthly indexes