Wednesday, 22 October 2014

Daily Index Cycle update

US equities closed higher for the fourth consecutive day, sp +37pts @ 1941. The two leaders - Trans/R2K, settled higher by 3.1% and 1.6% respectively. Near term outlook is for continued equity gains into the 1950/60s.


sp'daily5


Dow


Summary

Little to add. The bounce continues.... and if it goes much beyond 1970, it'll be white flag waving time for the equity bears.
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a little more later...